Monetizing the wristwatch...
Like other men with a passion for watches, Cade Mlodinoff began his obsession by coveting one model. It was a Tag Heuer. It cost him $400 when he bought it at age 10, Paul Sullivan reports on nytimes.com.
"At the time, it was every dime I had," said Mr. Mlodinoff, 33. "My obsession kind of grew from that," Sullivan wrote.
For decades, watches have been symbols of luxury, wealth and personal taste. But their potential as investments is now more easily tracked and understood. You can credit technology for shining a light in dusty watch shops, Sullivan added.
For more of a fascinating report: https://mobile.nytimes.com/2018/05/25/your-money/watch-investment-auction.html?smid=fb-nytimes&smtyp=cur
Photo: Giphy.
Rolex, a sought after brand for investment.
Like other men with a passion for watches, Cade Mlodinoff began his obsession by coveting one model. It was a Tag Heuer. It cost him $400 when he bought it at age 10, Paul Sullivan reports on nytimes.com.
"At the time, it was every dime I had," said Mr. Mlodinoff, 33. "My obsession kind of grew from that," Sullivan wrote.
For decades, watches have been symbols of luxury, wealth and personal taste. But their potential as investments is now more easily tracked and understood. You can credit technology for shining a light in dusty watch shops, Sullivan added.
For more of a fascinating report: https://mobile.nytimes.com/2018/05/25/your-money/watch-investment-auction.html?smid=fb-nytimes&smtyp=cur
Photo: Giphy.
Next time on The Allen Report:
New York's Sistine Chapel of Comic-Strip Art.
New York's Sistine Chapel of Comic-Strip Art.
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