Gold fever sends some vintage luxury watches to the melting furnace (opens original article in a new tab)

Rising gold prices have caused some vintage luxury watches to be melted down as their metal value exceeds their resale worth, affecting brands like Omega and TAG Heuer.

• Gold prices near record highs have led to some vintage luxury watches being melted down for their metal value
• Omega and TAG Heuer watches are most affected by the trend
• Used watch market prices have not kept up with gold price increases
• Some dealers report scrapping watches due to higher gold content value