Joanne Lewis, Interest in rare pocket watches grows
Demand in the market for Patek Philippe and Rolex is strong
Joanne Lewis, former deputy director and head of watches department at Sotheby’s, now at Noonans of Mayfair also says that the demand in the market for Patek Philippe and Rolex is strong. Noonans are a close-knit team of experts with deep knowledge across coins and banknotes, medals and militaria, tokens, jewellery and watches.
Is it a good time to buy watches in auctions?
We have noticed a constant increase of people coming to Noonans of Mayfair to buy and sell watches. The demand continues to grow and the market keeps becoming more and more well-informed, favouring quality.
What watches are the best investment?
The demand in the market for Patek Philippe and Rolex is strong, with clients seeking rare models in good original condition. We are also seeing interest in rare pocket watches and complicated English watches, such as a Charles Frodshams minute repeating split chronograph tourbillon watch owned by JP Morgan that is appearing.
How should I buy?
It is always important to do your research. Don’t hesitate to contact specialists, check previous auction prices to find comparable pieces and set yourself a maximum bid. The best approach is a balance between buying what you like, prioritising quality and understanding the pieces.
Has Brexit impacted the watch industry?
London remains a location with an impressive number of watch collectors, with the international market also very present, making the city a dynamic market.
How should I store a precious watch?
Watches should be wound and enjoyed regularly. The movement should receive a service every seven to ten years to prevent damage to the mechanism.
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