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Steven Rostovsky - Discusses Options for Acquiring Pre-owned (or previously enjoyed) Timepieces

BEVERLY HILLS, CA / ACCESSWIRE / September 11, 2017 / With an estimated total market value of more than $5.2 billion USD and rising, the vintage and pre-owned watch industry has experienced incredible growth over the past decade. Generally speaking, the vintage sector refers to pieces that are aged 25 years or more, as defined by world's largest publicly-traded insurer of jewelry-Chubb Insurance. Professional distributor and connoisseur of "modern" timepieces both new and pre-owned-Steven Rostovsky explains that interested buyers and investors have a broad range of options available for facilitating purchases. As an esteemed peer of the industry, (he is an exclusive distributor for Switzerland-based, high-end boutique designer firm Greubel Forsey) Rostovsky is ideally-positioned to provide professional consulting advice to aspiring timepiece owners.

Traditionally, vintage and historical watch sales have been dominated by the five leading, global auction houses: Phillips, Bonhams, Antiquorum, Christie's and Sotheby's each topping upwards of $80 million in annual sales and maintaining dedicated branches for the sale of these big-ticket items. Nowadays, Steven Rostovsky illustrates that the internet is playing a vital role in driving trade, with burgeoning online marketplaces providing seamless transaction platforms and popular blogs and e-magazines such as Hodinkee offering invaluable advice and their own e-shop retail options. Rostovsky maintains an active role in the community not only as a buyer/seller but as a collector and trendsetter, with a highly popular Instagram account (@srostovsky) filled with images of his exotic timepieces, stimulating sales and topical discussions. He notes that the most important force behind the industry as a whole is the rapidly growing base of dedicated and knowledgeable collectors.

A majority of pre-owned luxury watch aficionados are attracted to brands such as Audemars Piguet, Rolex and Patek Philippe which hold more than 70% of total volume in sales between them. Not only do they hold value and in many cases appreciate, they are available worldwide due to their largescale production runs and popularity. While mechanical models with incredibly complex "mechanics" such as the Patek Philippe Grandmaster Chime hold great allure and are regarded as objects of art, pre-owned quartz movement watches from the 1970s and 80s are seeing a resurgence in demand and perceived collectability. Speaking with the head of Phillips Auction house, Business Insider notes that a key feature of attractiveness is an item in unrestored, original condition.

Pricing for quality previously enjoyed timepieces ranges from $4,000 to $12,000 USD for entry-level choices such as the Rolex Datejust, Jaeger LeCoultre Memovox or the classic Omega Speedmaster Professional Cal.321, whereas for the more refined and affluent buyer, engineering marvels such as the Rolex Cosmograph Daytona "Paul Newman Oyster Sotto" or the Patek Philippe "Tasti Tondi" carry price tags between $360,000 to $1.5 million+.

Described by Stephen Forsey of Greubel Forsey as a 'very nuanced and seasoned collector' (as well as the core inspiration for one of the firm's latest pieces), Steven Rostovsky owns and operates Rostovsky Watches in Beverly Hills, California. Steven and his wife Janine are the committed parents of three children: Jason, Taryn, and Alexa. In addition to being high achievers, all family members are known as compassionate people and keen supporters of various charities. The Rostovskys donate generously to multiple Jewish and secular groups and their social awareness has given them a reputable standing within their community and congregation.

Steven Rostovsky - Rostovsky Watches in Beverly Hills, CA: http://stevenrostovskynews.com

Steven Rostovsky - Inspiring the Expansion of Collectible Watch Distribution in North America: https://finance.yahoo.com/news/steven-rostovsky-inspiring-expansion-collectible-170600150.html

Steven Rostovsky - Honored To Be North American Watch Distributor For Greubel Forsey: https://finance.yahoo.com/news/steven-rostovsky-honored-north-american-181400087.html

Contact Information:

StevenRostovskyNews.com
contact@stevenrostovskynews.com
http://stevenrostovskynews.com

SOURCE: Steven Rostovsky

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