Was just reading about an American investor in the economist quarterly who collects Rembrandt. Bought in when they were unfashionable. I love his collection. Currently at Louvre. Jealous!
The problem is that recent prices have anchored my idea of "reasonable" prices now. I mean, $1000 for a DON is a steal right? Right?!?!
I've seen Maezawa pictured with a Mille, no surprise there. With the richest getting richer, what occurs to me is that the wealthy including many on this forum accumulate watches but sell at a much lower rate, if at all. This means a diminishing supply. Watches are like gold bullion in that most buy and hold as a form of wealth. When you hold gold, you don't care too much about the small moves up and down--- of course watches are less practical in a catestrophic economic event than bullion. But they ARE small and portable...
Don't know what to make of this article. It might as well be about contemporary art auction vs vintage crystal stemware auction where I am sure the difference in price is even greater.