The stainless steel Patek Philippe Reference 1518, was one of the few who during the Second World War, when it. An embargo on the export of precious metals from Switzerland
The Italian financial police paid € 2.2 million (Dh10.4m) to that in 2007 - five times as much as the owner where he bought in the 1990s. But estimates could be worth up to € 5 million today.
It is in all respects a good return. Although not able to keep up all the vintage replica watches Mr. Paramico insists that there is much money to be made in antique clocks.
And can show his faith: that happened about 90 percent of the profits of his career in his possession and has 10 vintage watches around an estimated value of € 20 million - not just a collector.
Managed well, which is believed to be the world's only open Funds Investment Clock: Precious Time, which was launched early last year, interest in life.
"We had this press conference about two months ago," says Mr. Paramico.
"We had over 200 people attending this event. Had another room to take, because there are so many people."
Until last month, the fund had posted a 22.5-percent increase from the beginning. The assets under management of € 22.8 million in late October and currently has 640 swiss replica watches.
But maybe not so surprisingly nice return in relation to the size of the market for vintage watches by Patek Philippe, Rolex, Audemars Piguet, Cartier, estimated at € 5 billion euros a year, after a time.
However, just because a clock is not old, it is as valuable as Mr. Paramico clock. And some brands are a better investment than others.
"Patek Philippe replica watches are the [best] for every watch collector," says Joe Haj Ali, a collector in Dubai.
"Patek Philippe are fewer in number compared to other high-end replica watches and high-quality materials, art and the final quality produced and dedicated to each clock is remarkable. Added to this is the strength and currently cult brand, even for parts that 100 years old are. "
This led to a certain extent explain why keep most records Pateks paid the highest prices at auction. In 1999, a pocket for the banker Henry Graves Jr. sold made for U.S. $ 11 million (Dh40.4m).
And just last month, a platinum Patek Philippe chronograph Ref 2458, which was begun in 1952 for the collector JB Champion was instead looking for a shadow of 3.8 million Swiss francs (Dh14.9m), a world record for a simple clock. In horology - the study of clocks - complication refers to any function of a clock on the simple display of hours, minutes and seconds.
The buyer of platinum Patek? Mr. Paramico background, precious time.
Mr Ali, 47, the Lebanese by birth and works as a general manager and marketing director of a telecommunications company, holding will not say how many watches you own, except that it is a "huge collection".
He is a customer of Momentum, the United Arab Emirates only vintage watch store in Dubai International Financial Centre.
"I was the only student who is allowed to enter the staff was," said Tariq Malik, started the dynamic co-founder and a collector, selling replica watches uk as a student in Germany.
"I exclaimed Mr. Malik when I was 15 or 16 years."
He got into collecting watches after. An opportunity in the fashionable Swatch watches that swept across Europe in spring 1990.
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