He’s also my business partner. He kept his watch collection with me since his wife doesn’t allow him to buy watches and made me promise not to ever tell his wife about them. Not only because she doesn’t like it but also because she will definitely ask him to sell them and probably spend the money on clothes and traveling like she often does.
He lets me use the watches in the condition that I don’t cause any damage. But now that he passed away it doesn’t feel right any more.
His watch collection is worth about 200K$ in todays market. I think the lawful and ethical thing to do is to break the promise and tell his wife but I’m not sure that’s the right thing to do since he made me promise not to tell her.
If the value of the watches were <$5k I’d say keep the secret, but $200k is crazy and will have a positive impact on the wife’s financial situation. It does sound like the wife is already set up pretty good though, so if $200k is chump-change to her I’d keep the watches in honor of the friends secret.