Watch auctions suffered a “severe downturn” last year, down 13 per cent on a record 2022, as collectors and speculators curbed their spending. Total sales for the major auction houses, Antiquorum, Bonhams, Christie’s, Phillips (in association with Bacs & Russo) Polyauction and Sotheby’s were CHF 610m ($691m), according to Switzerland-based Hammertrack, which monitors the watch […]

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