Luxury watches are worthy investments, auction proves

First published: 16-07-2010

Luxury watches are great items to invest in, even though the recession is barely over, it has been said.

An article for Paul Fraser Collectibles referred to a recent sale at Gorringes auction house, which showed high quality jewellery to be in real demand.

A Cartier 18-carat gold Santos watch fetched £6,000 earlier this month, the site claimed, with many bidders expressing their interest in the lot.

This reflected the growing demand for gold, as bullion is still riding at an all-time high, the company explained.

Other items to have proved successful included an 18-carat gold necklace that sold for £12,000.

Chief executive officer of Cartier Bernard Fornas recently told the Prague Post that demand for the brand's watches have still remained popular despite economic problems.

He also acknowledged the luxury market as a whole had done particularly well in light of the recession.

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