“Private Watch Sales” recent trends and observations

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Has IG really helped spread information?

It has added another level of written information to what can be found online. The photo database is immense. The real shame of the ever growing IG is that it takes away from the forums which are easier to search and have ongoing discussions on. After a week IG posts are largely forgotten about whereas forum posts from 5 years can still be resurrected.
 
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'84 or '85 I'm guessing? Here's mine, an '80:
So nice. Targas are fantastic.

An 88. 77k miles, always in the Seattle area, zero rust. Just had a 10k maintenance hoses, clutch etc. Original owner and sticker. Best of all, my brother is buying it and has no more room in his garage. So it'll be in my garage and i license it and insure it and drive it. (This seemed like too much info for this thread but since you asked.😀)

If this sounds like a way to trick my wife into falling in love with the car and later buying it off him because, well, we might as well, then that is the furthest thing from my mind.😗

I was never a Porsche guy. I like them, but not like a Porsche guy, if you know what I mean. Then I drove his and it was a totally unique experience for me. All the descriptions about feeling connected to the car and the road and driving the car instead of the car driving you made sense. So stinking much fun. Who cares what it looks like when it drives like that. (I suppose there are watch analogies here but I will leave that for others to make.)

BTW, leak down test went well.

(Apologies for getting the thread off track. There is a connection, as others have pointed out, between the watch market and the car market regarding cycles, Imho. Burst of energy and prices go crazy, people see it as over heated and flee, lingers and reenergizes as people recognize the fundamentals are still there. Good vintage watches will always be good vintage watches, and they are slowly disappearing. )
 
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I've read 2 contradicting opinions about Covid's effect on the market in this thread. Some claim that the hardship has softened prices by taking some buyers out of the market, while others are saying the stimulus checks and boredom of being stuck at home have strengthened it.
My impression was it's the latter. Even though some people have lost their jobs and stopped buying, those who were doing well before the pandemic are still doing well, but have a glut of extra money from vacations not taken and a glut of extra time to browse the Internet all day causing prices to reach all time highs. In that case, prices may stagnate or even drop a bit as folks get vaccinated and return to normal life.
Speedmasters do seem to be a special case. The fatigue is real.
 
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If this sounds like a way to trick my wife into falling in love with the car and later buying it off him because, well, we might as well, then that is the furthest thing from my mind.

"Buying it later on" tsssk tsssk. This sounds like a way to buy a car convincing the wife you haven't bought a car!
 
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"Buying it later on" tsssk tsssk. This sounds like a way to buy a car convincing the wife you haven't bought a car!
I do this with a buddy of mine- I “loan” him a watch, eventually I get paid.
 
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I've read 2 contradicting opinions about Covid's effect on the market in this thread. Some claim that the hardship has softened prices by taking some buyers out of the market, while others are saying the stimulus checks and boredom of being stuck at home have strengthened it.
My impression was it's the latter. Even though some people have lost their jobs and stopped buying, those who were doing well before the pandemic are still doing well, but have a glut of extra money from vacations not taken and a glut of extra time to browse the Internet all day causing prices to reach all time highs. In that case, prices may stagnate or even drop a bit as folks get vaccinated and return to normal life.
Speedmasters do seem to be a special case. The fatigue is real.
Were countries all around the world doing stimulus checks, or just some (like the US)?
 
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What with all the German metal, I’m flying the flag for good old brexit Britain.

 
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What with all the German metal, I’m flying the flag for good old brexit Britain.

I don’t see a fire extinguisher strapped to the roll bar. At your own risk, man 😉
 
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Were countries all around the world doing stimulus checks, or just some (like the US)?
Mostly a US thing.
 
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In the foot well.

it’s caught fire twice

Wretched dellortos
 
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I've read 2 contradicting opinions about Covid's effect on the market in this thread. Some claim that the hardship has softened prices by taking some buyers out of the market, while others are saying the stimulus checks and boredom of being stuck at home have strengthened it.
My impression was it's the latter. Even though some people have lost their jobs and stopped buying, those who were doing well before the pandemic are still doing well, but have a glut of extra money from vacations not taken and a glut of extra time to browse the Internet all day causing prices to reach all time highs.

I second that.

A good friend of mine who works for LVMH has his connections with Tag Heuer's senior Swiss RBU management... It seems that they've had a wonderful year financially speaking. Local folks with good levels of disposable income were not able to spend it on vacations and have blown it on (questionable 😁) watches instead...

As far as the general private sales is concerned, if the price is right, it sells... Greediness doesn't work anymore though...
 
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Agree with all the discussion the period is good for selling, if quality is provided and the price is set accordingly not a problem, I have to say that Germany is the leader in buying ( at least for me) , second Canada followed by Austria , don’t ask me why , in the other side I bought a 2014 Aventurine moon watch and will grab my Snoopy Tommorow , money. iN money OUT same amounts
 
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What with all the German metal,


There's a lot of British cast iron under that bonnet....


And Dell'Ortos? What's wrong with 3 S.U.s?
 
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"Buying it later on" tsssk tsssk. This sounds like a way to buy a car convincing the wife you haven't bought a car!

In my defense, she's smarter than me so I pretty much think the only person I'm fooling is myself.
 
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MRC MRC
There's a lot of British cast iron under that bonnet....


And Dell'Ortos? What's wrong with 3 S.U.s?
Or Weber 😀

 
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So in other circles things are boooooooming (if you read the text). Good on him, have only heard good things about this gent...

 
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I'm just a hobbyist but have tried to thin a few pieces the last year or so, and have noticed an odd trend lately - since I'm a collector, I often accept trades or partial trades...and for the first time, as of this year, people are getting very unpleasantly offended if I turn them down. Not sure what that signals for the market, but I think a lot of people got drawn in by things like IG, bought anything that said 'Swiss' or, more especially, the 'R' name, and now are flummoxed that they aren't making a mint on it.

It wasn't here on OF, but turning down 4 different 'NIB' quartz TAG and Longines for a recent piece was an easy choice for me, but man were they upset! 😕

*To note, everyone here on OF has conducted themselves with perfect politeness...now WUS and Reddit have lately been another matter... :/
 
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A good friend of mine who works for LVMH has his connections with Tag Heuer's senior Swiss RBU management... It seems that they've had a wonderful year financially speaking. Local folks with good levels of disposable income were not able to spend it on vacations and have blown it on (questionable 😁) watches instead...
I agree with that--I think many of the people that are genuinely reeling financially would not be inclined/in the position to spend $2-10k on a luxury item anyway, while people in industries with higher baseline incomes or less affected by COVID had monies that would have otherwise been allocated to vacations / dining / social. Not sure how that directly translates into new watch purchases > non-rolex vintage, other than cyclical variation or transient watch fatigue or vintage-styled BNIB preference, coupled with social media factors, flippers inflating cost and information overload.

I purchased a new DJ for my wife's birthday that I probably wouldn't have had we spent $ on our usual vacations last year (though between you and me, it also makes future purchases for myself more palatable...[rubs hands together and chuckles devilishly]).
 
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I'm just a hobbyist but have tried to thin a few pieces the last year or so, and have noticed an odd trend lately - since I'm a collector, I often accept trades or partial trades...and for the first time, as of this year, people are getting very unpleasantly offended if I turn them down. Not sure what that signals for the market, but I think a lot of people got drawn in by things like IG, bought anything that said 'Swiss' or, more especially, the 'R' name, and now are flummoxed that they aren't making a mint on it.

It wasn't here on OF, but turning down 4 different 'NIB' quartz TAG and Longines for a recent piece was an easy choice for me, but man were they upset! 😕

*To note, everyone here on OF has conducted themselves with perfect politeness...now WUS and Reddit have lately been another matter... :/
There is a frenzy out there right now- it’s really disturbing. A little while ago, someone send me an unsolicited PM offer for my GMT over at TRF- they has seen a pic I had posted. I politely declined saying it wasn’t for sale and he got very offended- he was offering top dollar and I would be lucky to be offered more since mine wasn’t perfect....so now he was insulting my watch...which wasn’t for sale- in an effort to try and buy it.