At the beginning of 2022, a Patek Philippe Nautilus 5711A, which sells for US$35,000 retail, could be snapped up for a bank-busting US$240,000. By August, that figure nosedived to about US$190,000; slack-jawed collectors had a cryptocurrency collapse to thank—or blame, depending on whether they were buying or selling. High-end timepieces have long been favoured by high-rolling traders, so when the crypto market’s total value shrank from US$3 trillion (yes, that’s trillion) by two-thirds, watch valuation experts wondered whether the Nautilus 5711A’s tailspin was an indication that the soaring secondhand industry was losing pace.
Head of region and client development for online retailer Watchfinder & Co Vivian Hau is confident that the market will hold steady. “We’re seeing an increase in the number of watch lovers bringing their luxury pieces to us for appraisal,” she says about the company’s Hong Kong space, which offers a curated selection of bestselling, vintage and limited-edition models from the likes of Cartier, Breitling, Rolex and Jaeger-LeCoultre. “When they [customers] do this, they are looking to refresh their collection and are thinking of selling or part-exchanging an existing watch or watches to make way for a new one.”
Esta historia es de la edición January 2023 de Tatler Malaysia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 2023 de Tatler Malaysia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Tech Talk
Rami Madani of ISKL discusses how AI is impacting education
Boarding Abroad
Elizabeth Marini and Mira Rosa Marini share parentchild perspectives of life at TASIS, the American boarding school in Switzerland that shaped a confident young woman
Gateway to Greatness
Three students share how Garden International School helped them reach their desired Oxbridge institutions
Choose Your Own Ed-venture
There are many noble academic reasons for undertaking a doctorate, but does having a PhD provide any career advantages a master's degree doesn't?
The Human Advantage
Can fresh graduates thrive in an Al-driven world? The future workforce is expected to move away from mundane tasks towards positions that demand critical thinking and interpersonal skills. Here’s what you need to excel in this dynamic era of human-AI collaboration
Join the Green Revolution
Redefine your digital footprint with the Acer Chromebook Vero 514, a revolutionary device that sets the standard for sustainability and performance
Not Your Average Joe
The Chromebook unlocks a seamless computing journey that merges style with functionality
Learning Unlocked
Gamification in education represents a paradigm shift in teaching and learning. By leveraging game-like elements to enhance motivation and engagement, the learning experience is transformed into an interactive and immersive journey
The Power of
What does this mean for our children's education and how can they benefit from it?
AS ABOVE
Dont forget to look up when you stay at these five-star hotels