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.”
この記事は Tatler Philippines の January 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Tatler Philippines の January 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
LAST WORD
We ask the people we feature a round of quickfire questions to give us more insight into their personality. This month: Georgina Wilson-Burnand
LIFE'S A BEACH
Tatler Asia gets an exclusive first look at Rosewood Phuket's new Houses, which include a colossal 21,000 square foot beachfront mansion
DIFFERENT BY DESIGN
Design Hotels Managing Director Stijn Oyen on why its portfolio of properties is truly one of a kind—and what, ultimately, makes a great hotel
HEROES ON A MISSION
Cape, an NGO that champions Asian American and Pacific Islander artists and leaders, has been shaking up Hollywood's storytelling for three decades. But the team feels there's still work to be done on making representation more nuanced and global
BEHIND THE SEAMS
These bright, young sartorial talents are making a mark on the Philippine fashion industry one stitch at a time
GARY
As he reaches a turning point in his life, Gary Valenciano, one of the country's most renowned musical artists, relies on divine guidance to choose the right path
BOLDER & BEAUTIFUL
Georgina Wilson-Burnand, makes a graceful return after many years, embodying the best version of herself yet
IF WALLS COULD TALK
Unfolding like a page in Philippine history, the historic Laperal Mansion serves as a symbol of Filipino hospitality, artistry and craftsmanship
Legacy Reimagined
Delight in Tiffany & Co’s newest campaign, With Love, Since 1837, inspired by its legendary window designer, Gene Moore
Test Of Time
Rolex watches represent a dedication to excellence and sophistication, with precision engineering and lasting durability