Anybody know the story behind this one?

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What are you asking? Obviously is was sold privately, and the seller ended the auction.

Not a great example, to put it mildly.
 
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Obviously auction was ended early, but that does not necessarily mean it was sold privately. I wondered if it was pulled for another reason.
The dial to me looked spectacular, but the case certainly did not look NOS (as would be suggested by having the original sticker still attached) and the hands appear wrong. I was hoping our resident Ranchero experts would chime in.
 
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I've seen the watch in person, and no, the case is not NOS.

It is virtually certain that it was sold privately.