Famous Watches That DROPPED in Value:
Rolex Kermit, Patek Philippe 5130, Heuer Autavia
RANT&H | FEB 18, 2019
In today’s episode, Christian and Anna dive into three famous watches from well respected brands that actually DROPPED in value over time!
The first piece on this list is a Patek Philippe 5130, one of Patek’s World Time models. The watch retailed somewhere around $48,000, but trades much closer to $28,000 on the aftermarket. This can be attributed both to its dress watch status, which is generally less desirable secondhand than sport models, as well as its just general lack of coverage.
Next up are vintage Heuers, such as the Carrera and Autavia. For a long time, vintage Heuer was poised to be the next big thing when it came to vintage watches, and for a bit they were, but after a period of time trading for some crazy money (one Autavia reference, the 3646, once went for $200k, and now trade for $38k or so, which is absolutely not attributable to standard market fluctuation).
Finally, we come to the Rolex Kermit, a 50th anniversary Submariner with a green bezel and standard black maxi dial. Originally, they retailed for something like $4k or so, and eventually rose much closer to $15k on average. Now, they’re going much closer to $10k or $12k, which may not seem like much, but that kind of drop in Rolex sport models is, generally, unheard of.
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