Article

Evan Zimmermann over Albert Einstein's Longines Watch

Written by Devon Bonilla

Topic: Business DevelopmentPublished April 23, 2012
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Evan Zimmermann's hands on Antiquorum are obvious. As a prolific entrepreneur who worked in a few different fields over the years, Evan Zimmermann has decided to join Antiquorum due to his passion towards vintage and rare watches. As a matter of fact, Forbes ranked him as one of the top Rolex collectors in the world. It took him two years to quintuple the financial rewards of the Swiss auction house, not to mention about the few other offices he established around the world, in Asia, America and Europe. Under his leadership, Antiquorum got to sell some amazing items belonging to personalities like John F. Kennedy, Mahatma Gandhi or Albert Einstein. Selling Albert Einstein's watch was one of Evan Zimmermann's most important accomplishments since he runs Antiquorum. The auction was held in the autumn of 2008 and brought in almost $10 million. With more than 1,000 bidders over the Internet and a few hundreds over the phone and on site, the auction attracted potential buyers from all parts of the world, counting China, Germany, Italy or Russia. Albert Einstein's watch was the main attraction of the auction. Believe it or not, the watch was supposed to sell for less than $1,000. The auction began pretty low, while the expectations were far from reality. The watch sold for almost $600,000, more than 2000% of the estimate. The wristwatch was a rare Longines model wore by the most famous physician of the latest centuries. The price became the world record for a Longines watch. According to Evan Zimmermann, the house officials were amazed by the results of the first auction of the season. It seems that even during harsh economic times, the world's largest investors and collectors can easily recognize a piece that will never lose its value, but see it increasing over the years. It seems the world economy cannot influence this market at all. The rare and vintage watches are extremely popular and although some might spend a fortune for just one model, they may get back up to 300% within a couple of years only. This is one of the reasons wherefore Evan Zimmermann is now one of the top Rolex collectors in the world. He might spend $20,000 on a model, but after all, it is a tight combination of hobbies and opportunities. Besides, he has always been known as one of the top entrepreneurs out there, therefore investing now and getting back a fortune later is one of the smartest ways to make money.

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About the Author

Devon Bonilla is someone who loves collecting watches. He started out when he read about Evan Zimmerman collecting a variety of watches. While she has a far more modest collection than the aforementioned CEO, she hopes to be able to grow it as soon as she succeeds in other aspects of her life.