Last Updated on 11/26/2004 by bidz

Old watches get collectors wound up
By Samantha Critchell
Associated Press

“A watch’s primary function might be to keep track of hours, minutes and seconds, but its style, system and statement are hardly secondary factors.
…The value continues to increase so dramatically, according to Faber, that watches made in the 1950s and ’60s that cost hundreds of dollars then are now worth thousands. “The Rolex Explorer – a simple black military watch – sold for $300 in the ’70s. Now you can spend $6-, $7- or $8,000. You could have bought a Patek Philippe moon-phase full-price for $2,000 in the early ’80s; now you cannot find them for less than $100,000,” says Faber.”

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