One thing that has come out of the Patek Philippe vs Vacheron Constantin threads below is that collecting Pateks has become more an investment for many rather than a hobby and its taking all the fun out of collecting.
Now what if VC prices for modern timpieces start going up and over retail at auctions and secondary markets? Will that take the fun out of collecting? Is this a good or bad thing?
To give some recent examples:
- Overseas chrono US limited edition: brand new in box sold on ebay for a bit under $19k
- Malte Tonneau chrono US limited edition: brand new in box on sale on the net at retail price
- Saint Gervais: saw it on the site of a very well know internet dealer for a bit over $700,000 (retail was around $380,000)
- Tour de l'Ile: recently changes hands privately for CHF 2,400,000 (retail was around CHF 1,800,000)
Does this mean that the market is warming up to modern VCs and collectors are finally understandig the achievements of VC or are the speculators in the house?