Watches will 'always be resilient' despite market

First published: 03-12-2009

Investors looking for a market which is seemingly recession-proof ought to consider purchasing watches, it has been said.

BusinessWeek, a leading magazine in the US, said that timepieces were classically seen as items of luxury or status, though this has evolved over the last few years to expand the ownership of watches from royalty or high-end clients to people with serious collection desires who are able to match their desires with big wallets.

It explained that the US has always been a strong market but that the top buyers' geographical location is getting very broad, encompassing areas of Asia, Russia and, perhaps unsurprisingly, the Middle East.

Patek Philippe's yellow gold Calibre 89 pocket watch was recently put on sale in Geneva and ended up selling for over £3 million - something BusinessWeek believes is a major indicator of this trend.

A watch designer, Michael Kors, recently explained to the Independent that watch collectors ought to dress to look rich but not obnoxious, with a fine line between the two.

© Copyright WATCH SHOP UK - DO NOT COPY

Related articles

Black Friday Brands

Posted: 08-11-2018

Shop the world’s biggest and best watch brands in the 2018 Watch Shop Black Friday sale and discover beautiful timepieces and jewellery from brands including Hugo Boss, Bulova, Casio, and Daniel Wellington.

End of British Summer Time: Automatic-change watches

Posted: 25-10-2018

Don’t get caught short again next time the clocks go back (or forward). These super-smart watches change time automatically for you.

How waterproof are waterproof watches?

Posted: 25-10-2018

Learn the difference between waterproof watches and water-resistant watches and get advice which waterproof watch to buy.

What makes a smart watch smart?

Posted: 25-10-2018

A guide to the functionality and features of cutting-edge smart watches, including examples of market-leading products from Watch Shop.