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Geneva Results Discussion November 2021
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Spacefruit
··Prolific Speedmaster HoarderSorry, not familiar with the term?
40% of all US dollars ever in existence were brought into being in the last 12 months.
https://techstartups.com/2021/05/22...merica-repeating-mistake-1921-weimar-germany/
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dsio
··Ash @ ΩFAn I likely but possible explanation is that some few bidders recognized something particularly unique in this watch that most are missing?
It is definitely not the preferred forum for money laundering!
https://www.ft.com/content/c7883919-26e5-49f5-816b-de1747232506
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Dan321
·It makes me wonder what the value would be of the Speedmasters that were actually worn in space!
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Omegafanman
·…to the moon… AND back!! 😁
I am now planning to ebay my freshly 'flown' Speedy 1861a from my villa in Peru (shipping from China only for tax reasons)...... never knowingly undersold :0)
Those prices are crazy.....
https://omegaforums.net/threads/wruw-today.567/page-8932#post-1882014
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Tad
·
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SoyuzPilot
·Ummm, something not right there - not the normal characteristics of money laundering or collecting. That dial is good, but not that good!
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harrymai86
·So the vintage market is not dead 😲😲, any chance the winner will bail out? I read that in some art auctions from China, bidders bid millions and winners never pay.
Or the greedy market has shifted their focus on Omega Speedies again when they are bored with Rolex/ Patek and wanna draw some attention.
Or the greedy market has shifted their focus on Omega Speedies again when they are bored with Rolex/ Patek and wanna draw some attention.
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Dan321
·So the vintage market is not dead 😲😲, any chance the winner will bail out? I read that in some art auctions from China, bidders bid millions and winners never pay.
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cvalue13
·Auction houses have been implicated for a long time, it’s looking like NFTs are largely being used to launder money from illegal casinos now too
https://www.ft.com/content/c7883919-26e5-49f5-816b-de1747232506
Yeah, I’d thought Geneva’s and the EU’s AML laws were far more strict now precisely because of issues in prior years - but perhaps these prices are the contrary taste of the pudding!
EDIT TO ADD: https://news.artnet.com/art-world/swiss-money-laundering-art-market-303976/amp-page
Edited:
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cvalue13
·I read that in some art auctions from China, bidders bid millions and winners never pay.
In any number of contexts, in my experience, the Chinese have very different social norms around money and making payments due.
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Spacefruit
··Prolific Speedmaster HoarderUmmm, something not right there - not the normal characteristics of money laundering or collecting. That dial is good, but not that good!
Can you illustrate another?
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cvalue13
·I’ll be interested to see what the Octo Finissimo does, given the way these other prices are going
will I have again waited too long to pick up something before it’s market spikes 😵💫
will I have again waited too long to pick up something before it’s market spikes 😵💫
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Mark020
··not the sharpest pencil in the ΩF drawerI've said it before and I say it again: Phillips may sell all of my watches... Think I can retire once they are done
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eugeneandresson
·Anybody else think the 2915 hands are relumed?
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tyrantlizardrex
·It takes an awful lot of money to do something that stupid.
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