Watches
In Time of Pandemic, Auction Houses Cash In Big on Watches
Online auctions are breaking records, and their fastest-growing audience is wristwatch enthusiasts.
Source: Christie’s
The world may be in a state of Covid-19 chaos, with growing unemployment, a spiraling death rate, and no vaccine on the immediate horizon, but someone just paid $3.6 million for a pre-owned wristwatch,2 $9.2 million for a fancy blue diamond ring,3 $84.6 million for a painting,4 and $795,000 for a rare bottle of whiskey.5
And $615,000 for a pair of used Nike sneakers worn by Michael Jordan in 1984.6