Collectors watch and wait for high-end timepieces

With an increasing concentration of wealth in developed and emerging markets, they will be in demand for some time

Last week, the Phillips auction house held one of its auctions for high-end timepieces in Geneva. These auctions are closely followed by watch aficionados, both for the prices that are achieved, but also for the sale of rare models which come up infrequently, but make superb additions to any serious collection.

The auction is seen as a barometer for the health of the high-end watch market, and if the results are anything to ...