The tweedy world of watch collecting is getting hotter [MSN Money]
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Source: MSN Money
Watches are yet another easy way rich people make their money into more money As tattooed rockers, tech bros and Instagram influcers pile into the tweedy world of watch collecting, pric for sought-after classics from brands like Rolex, Omega and Patek Philippe are shooting up. In some cas, they have doubled in just a couple of years. Load Error The next-geration collectors see old timepiec not just as a subtly stylish way to drs up a T-shirt and jeans, but also as a hot new asset in their invtmt portfolios Time — elegantly monitored — will tell. Ev though his invtmt in watch has doubled in value in just 8 months, Peter Goodwin, a private invtor in Charlottville, Va., who also collects watch, said he is concerned about frothins in the vintage market. “It’s much like momtum invting in stocks,” he said. “People see the rise in Facebook shar, they see Mark Zuckerberg, and they want to ride it up. It is the same with the trdy watch we read about in the auctions — the Paul Newman Rolex, the
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