As ever its down to price.
Not everyone wants a $30,000 Ed White, perfect and correct in every way. There is always going to be compromise.
I would also suggest that it is possible to have an enjoyable Ed White with major issues if its cheap enough. My everyday wearer Ed White is a relumed, failed extract example, that might make $7,000 on open auction with full disclosure, but it gives me more pleasure that some recent EW's sold at auction for 15,000 to 22,000 would.
So as with all the similar threads, its important to know the price in order to arrive at a conclusion based on the price/attractiveness ratio.
Fine quality costs a lot of money - there is no short cut, unless you steal it.
However I believe there are a huge number of watches that can offer great pleasure for a price that is a long way from the top level. It just the sellers are not yet ready to come to terms with what the market values them at.
I think the sellers of medium watches are finding out that in order to sell they are going to have to be realistic. With that in mind, this watch might be good to have at a low price, but I suspect the seller has unrealistic expectations. (Because most do at the moment).
A fine watch warrants and will achieve a fine price, perhaps more than last year. As an aside none of the B&M auctions I have looked at in the last 12-18 months has sold a fine example.
A watch with issues is going to sell for less than it did 12 months ago. Sometimes much less.
