This story appeared in the supplement to the Hollywood Reporter inaugural clock.
When the world press preview of the rise of the Guardians in May at Cannes, DreamWorks Animation, Jeffrey Katzenberg, CEO spoke on stage dressed in a black V-neck sweater and shirt.
On his wrist was a little visible - for most eyes - stainless steel Rolex. But any connoisseur savvy enough Hollywood shows have recognized as one of the most collectible replica watches the last decade, a pre-1961 Rolex would have sold for as little as $ 300 back in the day, but now it's $ 20,000.
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Today, having a vintage watch on the wrist has become a status symbol in Hollywood caste to which the possession of a Gulfstream not used. In a world where the past flies iPhone disposable in radios, each year, more players can see antique replica watches uk as pieces of history, combining expertise, value and undeniable charm men (some coveted collectibles were popularized by James Bond, Steve McQueen and Paul Newman).
At the top of the list are sporting Rolex Vintage Collection dress and Patek Philippi, some of which are beyond the real estate and stocks as investments in recent years. A large stainless steel Rolex chronograph in 1942 sold at auction for $ 1.16 million in 2011. Tickers prices even more recent vintage drawing high: Rare 18K pink gold Patek, dating from 1997 auction only scored $ 452,000 in June.
Rolex is the largest brand of mechanical watches (sold 1 million watches a year), was founded in La Chaux-de-Fonds, Switzerland in 1915 by the watchmaker Hans Wilsdorf and importer, is now owned by the Foundation Wilsdorf. Under Swiss law, the Foundation does not even have to publish detailed annual accounts, but installation adds to the mystique of the brand and its stability. Nobody expects the Rolex change much. This is the "widows and orphans" investment in the world of watchmaking. Its appearance is the same as the non-working propeller Submariner 1973 Roger Moore wore in Live and Let Die - the movement was removed and replaced by small circular screws that Moore could cut through the ropes - sold for $ 231,800 in Christie in November 2011.
Only a strong competition in the market for vintage Rolex, Patek, has a more glorious history. The brand was founded in 1839 in Geneva, and the first engineering models keyless winding finely chiseled by hand and parameters. "Its business model is based on the most exclusive watches and fine craft intelligent front sports models," says Josh Briest Philippe Watches of Beverly Hills, whose clients include Ben Affleck and Sandra Bullock.
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Among the top watch collectors Hollywood include Eric Clapton, Adam Levine, Charlie Sheen (which instructs the advice of his agent Robert Maron private shows, made him a co-executive producer of anger management) and Orlando Bloom (including my Rolex has been the target of thieves Bling Ring in 2009). Singer John Mayer is said to have one of the world's largest collections of Rolex Daytona (right emblematic of pilots) and writes a column for casual Hodinkee a control site watch industry gathering age. Mayer - says Ken Jacobs, owner of Melrose Avenue wants to buy a watch - "is so advanced, it is to be a collector of baseball cards."
Actresses and executives are just as likely to jump in collecting vintage, Ellen DeGeneres Jennifer Aniston. "The whole" I'm wearing the watch for my boyfriend look is fashionable, making collection of vintage watches very favorable for the buyer notified of women, "said Briest." Old Art Deco clocks ornamental and stylistic elements inherent in time are also considered desirable. "Briest UTA partner Tracey Jacobs cites as an avid collector who has dozens of vintage pieces Rolex and Patek Philippe.
Many vintage models achieve iconic Old Hollywood style, and has captured wearing a appears to be a dependency. Ken Jacobs provides vintage Rolex as the greatest of his tent. "Clocks" actor "were nicknamed by collectors and not the names given by Rolex 's popularity Number one is a Paul Newman, racing clock used to measure lap times , the number two is the Steve McQueen Explorer in the price range of $ 15,000 to 20,000, and the third is a Submariner James Bond Sean Connery wore in Dr. No which can sell for any where from $ 15,000 to $ 50,000. "
Jeffrey Hess Jewelers has Old Fort Lauderdale, Florida, handles the old site shows Hess Fine Arts and is the author of Rolex: The unauthorized story. Hess cites two reasons for the popularity of the brand Rolex. "Basically, they are indestructible. 20 years in the 70s, were at the forefront of watch design, and have a lot of variations that collectors love. Finally, they changed their designs over the years, making obsolete the old material collection and suddenly in the eyes of many people. '
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What is the cost of buying a vintage Rolex? According to Hess, "You can buy a ticket at 1980 GMT Master if in poor condition, restore, for $ 2,000 to $ 3,000, but some versions have the box and papers are near mint can cost more than $ 10,000 or $ 20,000. "Restoration can be problematic:. The parts can be scarce, and the process itself can reduce the value of the watch "This is a hotly contested discussion among collectors," says Hess. "Many believe that the watch is not affordable unless 100 percent original , but a good 80 percent of pre-1980 watches have a role or two that has been taken from another Rolex Rolex or even can not be. " The end result: you will pay less for a Rolex restored, but take a hit in the long-term value. "The clock is always collected, just do not expect a higher return on investment," says Hess.
With Patek Philippe Hess advise buying the best you can afford. "Although this is an entry level Patek Philippe, probably hold their value better than any other watch on the planet." He also cites pre-Cartier 60 years as a good bet for novice collectors.
A sample list Maron counselor vintage shop in Thousand Oaks, California, specializing in Rolex and Patek. His philosophy of losing a lot of money for a watch: "You can drive a Ferrari, but you can manage in a restaurant you can hang a beautiful Warhol on your wall, but do not sit on the wrist. During a business meeting or dinner at Madeo. "
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Maron clients include Mayer and Bloom, but that his client is probably the most faithful Sheen, a collector for more than a decade. "Sheen is an avid collector of vintage and modern recently Patek Philippe replica watches Complicated - his collection is world class," said Maron Two and a Half Men producer Mark Burg is also a collector is that the. reality star Rob Dyrdek. Maron adds that "Jennifer Aniston has a keen sense of the beautiful and modern vintage Rolex" and "Alec Baldwin and unique custom picks Bamford PVD Rolex watches" personalized London George Bamford.
Burg has about a dozen watches - all bought Pateks Maron. "He is very knowledgeable," says Burg. "Every time you buy one, he calls me and asks me if I want to sell it back to him for more money." Burg is the philosophy that if you buy the right watch, that will only increase in value, and he always listens to purchase Maron. "I was surprised when I started collecting, but I've learned to trust Him. Each watch told me to buy a year later, he called me and offered 20 to 25 percent more for it" confirms Maron. "Sold a Patek 5970G by Marcos $ 85,000 when he left around 2005. bought for $ 120,000 a year later. "
Maron credit for the upturn in the economy to generate interest. "We found that shoppers spend upperechelon new with cars, art and watches. You can pick up a Rolex Ref. 1655" Steve McQueen "for $ 4,500 to $ 6,000 10 years ago, and now sell for $ 15,000 to $ 20,000 . I sold an uncle in the business of technology Paul Newman Daytona 16 for $ 9000-16000 each during the period 1996-1999, totaling $ 190,000. He sold them to me 10 years later for $ 1.04 million. "Maron has 20 customers who bought as an investment when they received a bonus.
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Hess has a saying for new collectors: "Make sure you buy or trust your dealer. Find two or three who trust you and stick to it, or buy at auction .. If you shop at Sotheby or Christie, 99 of 100 times, you'll be fine ", Briest said:" You buy the seller, as shown. many fake versions are Frankenstein and there that have been put together after the market. '
For all the hype and celebrity intrigue, vintage collection is down to the fact that brands rely make watches that stand the test of time. No wonder Hollywood players, accustomed to the vagaries of the box office, find time for something as dignified and sustainable as a clock tree.
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