The 58 New Old Stock Breitling Watch “The Last Joseph Iten Collection” Sells For $125,000 On EBay
What is the Joseph Iten Breitling collection? This is a collection of about 1,500 NOS (new and old stock) Breitling Replica Watches that were produced in the 1970s and “preserved in bank vaults” after the company was closed forever. Mr. Iten (now dead) acquired about 1,500 of the estimated 3,000 NOS watches held by Willy Breitling in 1978. Although the Breitling watch is still alive, the company closed for a while in the late 1970s. Quartz crisis. “In 1978, Breitling terminated its business, but was acquired by the Schneider family in 1979 – they still own the company today. At the time, Willy Breitling (who died shortly after the company was sold) decided to continue buying a large number of unsold and prototype watches. Many of them were sold through private sales and auctions over the past 20 years, but today only a few are in the hands of private collectors.
Old World jewelers from Illinois, USA (their eBay store) are currently conducting an interesting auction on eBay, including 58 “final Joseph Iten series Fake Breitling Watches” (click here to view) never sold before Used or available for sale. In 1996, after Iten’s death, Old World jewelers purchased these watches from Iten’s real estate sales. Now in 2015, the batch of 58 pieces was originally 1,500 pieces, which was sold at a asking price of $125,000.
What you need to know is that the Joseph Iten Breitling Replica collection is so rare because it is basically a time capsule and I feel it was purchased at a very reasonable price in 1996. Over the years, the return on investment of old world jewelers may have been good – especially as retro timepieces have become more popular. For them, this is easy to be a once in a lifetime event. What is the possibility of buying many vintage and completely unweared NOS watches from today’s brand names? Imagine if they are Rolex.