Sounds like Perez made it, Hiding out at a tropical resort, with the payout used to buy him off with. I have not see too much new fraud discovered by him lately.
Noooo! I've had to sit through years of geopolitical analysis and pay for the privilege. They finally publish something fun for me, and you guys get it for free? 😒
Noooo! I've had to sit through years of geopolitical analysis and pay for the privilege. They finally publish something fun for me, and you guys get it for free? 😒
There are a few sites that can remove paywalls, but this one is sort of an aggregate of those sites…in my experience it’s rare that it doesn’t allow me to read an article.
Conclusions:
1) Caveat emptor (which was the name of the first used chariot lot in ancient Rome);
2) Humans for the most part are dirty, money-grubbing-self-interested little mammals;
3) A great argument for "wear what you like" rather than chasing trends with the herd; and
4) Oh year, caveat emptor.
The author notes a shift in the type of person buying these watches. The "new collector" is often younger, wealthier, and more interested in "virality" and status than horological history. This has led to a "winner-takes-all" market where a few specific models (Rolex Daytona, Patek Philippe Nautilus, Audemars Piguet Royal Oak) see astronomical price growth while the rest of the market remains stagnant.
Seems like the market is somewhat dead for “normal” watches.. and yet there were record auction results this season for the usual suspect watches.
"Timely" article from Hong Kong, a few days before the #SpeedyTuesday in Hong Kong ???
As mentioned before a rehash of known things but 2023 was Omega's 175th anniversary... ☕
Fun fact:
Only 50 years ago, as Japanese quartz emerged, Swiss auction houses started to have an interest in wrist watches as the first wrist watch auction only took place 45 years ago, in April 1981 by Patrizzi & Ortella in Geneva Switzerland. In 1989, Patek had an auction to celebrate its 150th anniversary.
Twenty years ago, spring 2006 there was the Mondani auction of 300 Rolex wrist watches.
In December 2015, Omega Speedmaster 50 : From A Spacewalk To Today (Christie's NY) and July 2019, , Omega Speedmaster: To The Moon & Back (Sotheby's NY), we saw the first dedicated Omega Speedmaster chronographs auctions.
Whatever the auction, be it 18th & 19th Century Marine Chronometers or Speedmaster chronographs, I'm always amazed by the "knowledge" of the "experts" #nescience 🤨
I think that the most important point for critical collectors is that a watch have correct parts. Crown or crystal replacement? No problem at all, if they are correct for the model. Movement parts? Ditto. As to preferences for parts being "original", the only context in which I would worry about that is if there were a dissonance in condition between a newer, correct replacement part, and the rest of the watch.
“Rolexes, Cartiers and Audemars Piguets spilled across counters like fish in a market. The event looked less like a luxury convention than a treasure hunt for children on a sugar high.” 😀
Shocked Shocked that such dastardly deeds occur in our “hobby”. Round up the usual suspects.
I think that the most important point for critical collectors is that a watch have correct parts.
Yes, but by this definition, the replaced and artificially aged dial on the $3M watch would be correct. After all, it started as a factory replacement for that reference.
I would clarify that dials need to be original to the watch and that other pieces that the factory may have changed or issued different replacements (think chrono pushers and crowns) also need to be original.
Yes, but by this definition, the replaced and artificially aged dial on the $3M watch would be correct. After all, it started as a factory replacement for that reference.
The "definition" was actually a distinction, i.e. that non-correct parts are bigger issue than correct, though non-original.
An artificially aged dial would be no more acceptable to critical collectors than a correct case that has been refinished, or a re-lumed dial.
I also think it’s fine using correct parts NOS just like vintage cars etc none have come through unscathed so will need parts to keep it going, what I hate about the big auction houses is the pure greed and lies, I follow perezscope on instagram and watch his stories daily he is an honourable man and we are so lucky to have people like him that shines the light on these not so honourable men women.
