Eric Brahms authenticates, evaluates, and values a large number of Rolex, Patek Philippe, Audemars Piquet, and other rare antique watches on a regular basis for clients from all across the country. Many of his pieces have been purchased by world-renowned collectors and organisations, and many of them have been sold at auction for world-record sums.
Eric Brahms has been working with some of the most renowned watchmakers and restorers in the world for more than a decade. It consists of world-class watchmakers, laser welders, case finishers, bracelet repair experts, and rare parts merchants who specialise in locating hard-to-find parts for collectors. Jewelers and metalsmiths are examples of professionals who work in this field.
The increased cost of COVID-19 was also identified as a contributing factor. Prices have become unsustainable as a result of COVID, as well as a booming stock market and real estate market. Rolex, the world’s most known and largest watchmaker, quickly joined the fray. They reappeared in March 2022, bringing with them a slew of new items. Rolex likewise halted exports to Russia following Russia’s invasion of Ukraine, and the company then relocated all of its timepieces to other locations.
Recent comments from Eric Brahms include, “What has happened in only one month is incredible.” Prices for current Rolex timepieces have dropped by 20 percent to 25 percent in recent years. Price reductions in the watch market have occurred since December 2021, according to dealers. There will be no more liquidity. As a result, retailers aren’t stocking their shelves with as much merchandise. They’re also saving money as a result of this. Nobody wants to remain tied to their current situation because prices are expected to plummet by 10% next week.”
Consumers who are interested in purchasing and owning timepieces are in a good position. The majority of people believe that a shop makes a good profit when it sells a $14,000 Daytona watch for $50,000. When a man purchases a watch for $14,000 and then sells it to a secondary dealer for $45,000, he has made the greatest money. Dealers on the secondary market make a ten percent profit.
One thing to look for is the brand and model of the watch. You also need to make sure that it is an authentic Rolex watch. And lastly, you should make sure that the watch is in good condition.You’re also going to notice that vintage watches are much more expensive than modern watches. They’re also much more rare. Is it Worth It to Invest in a Vintage Rolex Watch? Yes, it is worth it to invest in a vintage Rolex watch.
Final Word
With all of the advantages of vintage Rolex watches, it’s no wonder that people love wearing them. If you’re interested in buying one, then you must be aware of the details offered by Eric Brahms that we’ve discussed in this article. With the tips in this article, you’ll be able to buy the perfect vintage Rolex watch. So, what are you waiting for?
