The Wall Street Journal reports on the “attractive proposition” vintage watches hold for investors, especially when compared to other alternative investments.
Wine, for example, needs special care and can spoil. To enjoy it, it must be consumed. Vintage cars need space and maintenance. Real estate fluctuates too wildly. But watches? They take up no space, and servicing—while subject to long waiting times—is less of a problem than, say, restoring a 1930s Delage motor car. In the U.K., investing in antique clocks has been cited as a good way to avoid paying capital-gains tax. Because clocks are deemed a “wasting asset,” they are not taxed on their capital appreciation. But best of all, watch values have been on an upward trajectory for the past 25 years.
Perhaps this is what’s behind the resurgence in independent artisan watchmakers?
However, fine antique watches remained threatened by the high prices for gold, as antique pocket watches and wristwatches continue to be melted down for their weight and value in gold. Those are the grim realities of our times.
The Grimm reality of old timepieces, however, is all about Eddie Monroe. On NBC’s Friday night TV series, Grimm, Silas Weir Mitchell plays Monroe, a Blutbad — a human who can transform into a wolf. He keeps his wolfish nature hidden (and at bay) with his rather nerdy exterior — not just the usual “bookish” sort, Monroe plays chello, performs clock and watch repair, and collects so many antique and vintage things that I often find myself searching the frames of the show to look at all his cool stuff. The home (set?) was even featured in Oregon Home, so I must not be alone in my fascination.