
A generation ago, buying a preowned watch suggested compromise. Today, it can mean rarity, provenance and prices above retail. As secondhand sales climb into the tens of billions, the preowned market is reshaping how watch value is created, discovered and preserved.

Some homes are purchased to be lived in. Some are acquired to preserve capital. Yet, for Christie’s International Real Estate, there are homes pursued with the discernment usually reserved for a rare painting: for their location, proportion, history, light, memory, and their ability to stir something private in the person who will one day call them their own.
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