A hedge fund devoted to timepieces? It’s just one of the strategies emerging now as investors and niche collectors turn increasingly to classic and rare watches. Both Sotheby’s and Christie’s watch departments registered solid results in 2008 and 2009, as investors sought safe havens from the volatility of capital markets. Will it continue? “I cannot think of another collecting field with a more global appeal,” says Christie’s Aurel Bac.
Read more at The New York Times