RICHEST BY STATE: LARRY ELLISON

Expert advice on luxe investments.

Facebook falls; Oracle rises. Buy, hold, sell: Lose the Lafite, snag a Rolex.

John reardon International head of watches, Christie’s

BUY Four-Figure Rolex

the crown remains king at auction, with options at all prices. For under $10,000, the Gmt-master ii, for example, is a wellpriced tool watch whose time-zone functions make it a stylish accoutrement for global travel.

HOLD 1950s Patek Philippe Cloisonné Enamel Dials

you can’t lose with these vintage miniature works of art (above, from 1955) depicting tropical scenes, maps and more. they can run north of $500,000, but these marvels will hold their value and often appreciate.

SELL Vintage Heuer

this vintage market (before heuer became taG heuer in 1985, that is) is cooling off. speculators have driven prices to record highs of $100,000—sell now before the bubble bursts. belInda chang James Beard Award–winning sommelier and wine writer

BUY Taylor Fladgate Chip Dry White Port

it’s just $20, yet worthy of being your house aperitif— and you’ll likely need multiple cases on hand. port has infinite shelf life, so buy, buy, buy.

HOLD 2009 Marcassin “Marcassin Vineyard” Chardonnay, Sonoma

this lovely offering from winemakers helen turley and John Wetlaufer will continue to wow for many years. lay some down for around $300 a bottle. Who needs burgundy, anyway?

SELL 1990 Château Lafite, Pauillac

it’s delicious now, sure, but first-growth bordeaux prices have already peaked, with collectors beginning to abandon their feverish lust for these reds. Zohar elhananI CEO of MutualArt, a comprehensive online artmarket information guide “Considering the Fey Sisters III” by Martha Jungwirth (2017)

BUY Martha Jungwirth

this still-active austrian painter’s large, colorful works exhibited extensively throughout 2018, with auction prices staying below $30,000—for now.

HOLD Beauford Delaney

a key harlem renaissance figure, delaney has long been a critical favorite. in total, he generated $1.2 million on the secondary market this past year; his average sale price was $106,000.

SELL KAWS

the playful, sometimes sinister artistic creations of KaWs (né brian donnelly)— paintings, funky furniture, plush toys—shone at auction in 2018, with some works fetching millions. it’s a seller’s market—but for how long?