The expectations amongst the biggest players in the global watch auction market is that vintage watches will be the biggest draw to attracting bidders in 2016.
The top five houses – Christie’s, Sotheby’s, Phillips, Antiquorum and Bonhams – are all pinning their hopes on sales of vintage watches in top condition.
Aurel Bacs, the consultant for Phillips who is considered the star rainmaker within the vintage watch sector, predicts that vintage models won’t decrease and the average transaction prices will go up.
“Overall, we will see fewer watches on the market that are mediocre, boring or in poor condition. We believe the future is vintage, where scholarship matters,” he said.
Christie’s international head of watches in New York, John Reardon, echoes the thoughts of Mr Bacs, saying, “Vintage watch collecting is growing in scale and value in a way we have never seen before. Condition and rarity are ruling the day in driving prices to new levels.”
The auction experts all agree that growth and evolution in the vintage watch market is inevitable, especially as the market is considered to be decades behind the traditional art markets.
This is great news, as it shows that more and more people are seeking vintage watches for sale, and will continue to do so throughout 2016. If you are someone who is seeking one for your own personal collection, why not take a look at our range online?