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Evan Zimmerman loves swiss replica rolex watches. He's so passionate about horology, in fact, that four years ago he quit his day job as a lawyer and became the director of New York's Antiquorum, the largest auction house and look at the world. Now, immersed in the world of watches, Zimmermann, 40, can keep an eye anxious rare watches as they become available to add to his personal collection constantly evolving.
"I used to represent the auction house as a lawyer," says Zimmermann. "But when I realized that I preferred to be around people who talk to watches Antiquorum offices to practice law, I knew it was time to make the switch."
Zimmermann collects vintage rolex datejust replica Sports e'60 models by 1950, which were among the first watches created for use in specific recreational pursuits. Classic and simple in style, Rolex has been considered the first truly waterproof, air-tight sport look back in 1927 after Mercedes Gleitzes who wore during a swim of 15 hours across the English Channel and has kept ticking.
By the numbers: The world most expensive watches
"Most collectors are a niche," says Zimmermann. "Whether it's a specific brand or age, you have to limit the collection to have a real focused research. Having a policy makes it too large too easy to find watches, and all the excitement collection is hunting."
Zimmermann bought his first used rolex watch an auction eight years ago. He paid 1500 dollars for a Rolex Submariner 1954, made invalid because the word "Submariner" was written in red on the dial. Rolex later wrote the name only in white, red than a rare find. He had to sell today, he anticipates that fetch $ 15000.
Today we spend much more. His most recent acquisition was a double Red Sea Dweller 1665 model, purchased in Miami show looking for $ 20000. This is one of the three or four watches has plans to purchase this year.
The joy of the chase - once flew to Japan to inspect a watch at the airport, then caught the next flight home - is only part of the thrill. Unlike collectors, say, rare coins, Zimmermann actually uses its collection on a daily basis. And when he is entitled, his hobby is an intelligent investment.
"Over the last few years, prices for this particular category of watch have increased dramatically," says Zimmermann, who estimated that his Rolex watch collection has increased in value by about 15% a year. But some pieces have done much better - some of its watches have tripled in price in less than a year.
"No other clock has experienced the kind of phenomenon that vintage Rolexes are going through right now," says Robert Maron, chairman of the same name by Robert Maron Inc., the largest watch retailer in the United States "Still, nothing has performed as Patek Philippe long term. Patek investment is a safe and proven quality look that in the last 20 years has seen increases, while Rolex values have bounced around. "
He points out that a Rolex 6542 that sold for $ 3500 five years ago to $ 65000 trades today - an increase of 18.5 times. Compare this with a Patek Philippe 1518, which a few years ago traded at $ 185000 and is now worth up to $ 500000, with only three more times. Still, by our estimates, the 10 most expensive watches sold at auction have been performed all Patek Philippe.
Maron adds that other brands collector, as Lange and Audemars Piguet have also select some models that have generated enormous returns on investment, but he says in these models of rolex submariner watches are few and far between. Rolex and Patek, on the other hand, are hundreds of models that have seen - and probably will continue to see - significant price increases.
Of course, watch collectors need to remain on guard for five investments. Zimmerman has been burned. A clock has purchased on the Internet has had a painted face - a major faux pas in the vintage world that can reduce the value of a guard in the middle. (used rolex submariner)
"Originality is essential," says Zimmermann. "If your face, hands or case have been altered in any way, even polished, it is much less desirable."
Surging prices and with the rolex dealers growing demand, auction houses have seen the opening of tenders in $ 15000 to $ 20000 for many range of Rolex watches. The newcomers, or those with smaller pocketbooks, it should look more economical buys, as watches from Omega and Longines chronographs from anni'30 e'40s. Collectors interested in more contemporary pieces suggest visit FP Journe. Journe makes hand watches and very limited.
In addition to attending shows look around the world and tracking auctions, Zimmermann spends at least two hours a day Timezone a popular Web site for fans of rolex daytona. With over 20 locations in different brands, styles and eras, collectors can connect anonymously with other like-minded people, ask questions, seek advice and share pictures of their latest purchases. Using screen names like KeeperOfTime or RolexMan they post photos of guards are wearing every Friday.
No. 1 on her wish list is a Rolex Comex 1680, a imitation rolex created specifically for a French deep-sea diving company in 1978. With only 50 models made, many who have been modified and changed the quadrants, there are few true "survivors". In fact, says that Zimmermann Antiquorum of 34 years of history, this watch has never come up for sale - until this year. He's maintaining his attention on what has popped up, which will be auctioned in April. But with the price expected to reach at least $ 250000, which he believes will be overcome.
With these extreme prices, as collectors of relatively modest means continue to grow their collections? Zimmermann says that the collectors and trade in general and trade.
"I have a wish list for specific, rare clocks I know that I would try to buy if emerge in the market," he says. "But I have a second list for my collection of watches that I would be willing to part with in exchange for when something better and more rare comes to the surface.
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