Minutes&Seconds

What's the value of that Patek Philippe?

Mr John Reardon specialises in the brand's second-hand pieces. He talks about how much, or little, pre-owned watches are worth

The Patek Philippe offerings from Mr John Reardon (left) include (above, from left) a pink gold Reference 96, 1953; a yellow gold Reference 2554 Manta Ray, 1964; and a steel anti-magnetic Reference 3418, 1961.
The Patek Philippe offerings from Mr John Reardon (above) include a pink gold Reference 96, 1953; a yellow gold Reference 2554 Manta Ray, 1964; and a steel anti-magnetic Reference 3418, 1961. PHOTO: NYTIMES
The Patek Philippe offerings from Mr John Reardon (left) include (above, from left) a pink gold Reference 96, 1953; a yellow gold Reference 2554 Manta Ray, 1964; and a steel anti-magnetic Reference 3418, 1961.
The Patek Philippe offerings from Mr John Reardon include (above, from left) a pink gold Reference 96, 1953; a yellow gold Reference 2554 Manta Ray, 1964; and a steel anti-magnetic Reference 3418, 1961. PHOTO: NYTIMES
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GENEVA • Are watches a good investment?

"Absolutely not," said Mr John Reardon during an interview last November. But a month later, he still introduced an online business focused exclusively on trading second-hand Patek Philippe watches and accessories.

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A version of this article appeared in the print edition of The Straits Times on March 13, 2020, with the headline What's the value of that Patek Philippe?. Subscribe