A very interesting quote regarding the recent sale of President Kennedy’s Inauguration Watch. In brief without the history the watch is worth $1000, just shows the value of keeping everything with your watch. If you track prices you will see that “papers” add a significant chunk of value to the sales price, the simple rule is to keep everything!
A watch’s provenance can add significantly to its value, says Ed Faber, president of New York’s Aaron Faber Gallery. He notes the recent sale of an Omega watch that John F. Kennedy wore at his 1961 inauguration for $420,000 US. Without the history that came with it, the watch itself was probably worth $1,000, Faber estimates