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Investing safe haven: Collectible watches

April 11, 2008

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Watch collector Guido Castellini received his first Rolex as a teenager and has been investing his money in timepieces ever since, Fortune reported.

His 30-watch collection includes timepieces ranging from a Tiffany and Co.-branded Patek to a Rolex Daytona and a limited-edition Jaeger-LeCoultre.

Castellini estimates the return on a watch from five to 10 years is 10 percent.

Julien Schaerer, watch director at New York auctioneer Antiquorum, said watch collecting is no longer just a hobby because the best watches hold, or increase, their value.
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