Geneva Results Discussion November 2021

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After this btw, the elves are going to be out there trying to assemble 2915s, making more fake listings, cooking up 321 dials in ovens to get that same tropical patina, the money does invite that
 
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US$700,000 gavel price for a 1987, 36mm day-date (highest ever, excluding Jack Nicklaus’s)

 
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After this btw, the elves are going to be out there trying to assemble 2915s, making more fake listings, cooking up 321 dials in ovens to get that same tropical patina, the money does invite that

A 2915 dial is rare, then the case too. I doubt this will happen in a way that would convince.
Does putting a vintage dial in the oven make it go tropical? anyone putting a nice 2915 dial in the oven needs his head looking at 😁
Cheers, Michael
 
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A 2915 dial is rare, then the case too. I doubt this will happen in a way that would convince.
Does putting a vintage dial in the oven make it go tropical? anyone putting a nice 2915 dial in the oven needs his head looking at 😁
Cheers, Michael

Mate a dial doesn’t have to even look plausible to go through some auction houses, I remember 9 years ago there was a record sale of a Neptune at Christie’s, from memory it went for 258k. Within a month 4 bogus ones came out of the woodwork including this gem at AQ

https://omegaforums.net/threads/antiquorum-another-neptune-seamaster-cloisonne.2576/
 
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Mate a dial doesn’t have to even look plausible to go through some auction houses, I remember 9 years ago there was a record sale of a Neptune at Christie’s, from memory it went for 258k. Within a month 4 bogus ones came out of the woodwork including this gem at AQ

https://omegaforums.net/threads/antiquorum-another-neptune-seamaster-cloisonne.2576/

Regarding the Neptune dial, It didn’t convince you though did it?
Auction houses are not always clued up so things will slip through.
I get that there will be fakes around but really convincing fakes that could get past the eagle eyes like yours? or some of the people on here?. It will be a sad day when we cannot tell real from faked up.
I am still learning after many years, I still need to look long and hard at things I get offered.
Mind you, if you don’t do your homework these days you must be able to afford to lose your money.
Cheers, Michael
 
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Something's wrong with hands positioning on this one...
Never noticed that, but a two minute job to put right.
Why would this happen? Seems strange.
Loose hand? Loose dial leaving the hour wheel to disengage and slip?
 
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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
Implicated.
Anything proved?
Implication is easy, anyone can implicate.
Seems very far fetched to me.
I can implicate many better ways to launder money. All of them having less press coverage.
Surely that would be the most important element if laundering.
 
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Implicated.
Anything proved?
Implication is easy, anyone can implicate.
Seems very far fetched to me.
I can implicate many better ways to launder money. All of them having less press coverage.
Surely that would be the most important element if laundering.
I mean that’s cool if you think it’s far fetched, but you would be about the only one. There are new laws beginning to address it now which is a positive.
 
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so, trying to seem objective here... How come this watch fetched such a higher amount than the previous record holding 2915s: like, by almost 2million??

This seems like a reasonable question, what would make this watch so desirable? The brown dial is obviously coveted by many but even if this has not received any external assistance to reach this colour it is not the way the watch was first manufactured/sold. So what holds greater value? Something that is as close to the day it was made or something that displays its manufacturing imperfections? I may be in the minority but I know which I would prefer.

The other thing that interests me is where has this watch been over the last x number of years and is there any previous pictures of its gradual change in colour; it would be really interesting to see how it developed. The dial is very uniform for one that has discoloured and is certainly attractive but I just don’t understand why it would command such a premium.
 
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Lot 116 was a steal IMO. Romain Gauthier Prestige HMS for $47,000 CHF....would have loved that one personally.

The Dufours are also pretty amazing...of course. Wonder if they have set a record there as well...
Edited:
 
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it is not about the watch, it is about money

it is an attempt to bake some money into the form of easier transferrable storage

a watch maybe easier to stash somewhere than a few million dollars in cash

so does the paintings for tens to hundreds millions

in china, there used to be gemstone / jades for that purpose
 
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a watch maybe easier to stash somewhere than a few million dollars in cash

This is for sure. Though vintage watches feel different to me than jewels or paintings by the masters; it takes some significant bet that a single, specific, collectible like this watch will retain much of a $3.5M market into the future (understanding these folks are willing to “pay” for the ability to stash *much* of $3.5M in a pocket, but the question is how much).
 
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This is for sure. Though vintage watches feel different to me than jewels or paintings by the masters; it takes some significant bet that a single, specific, collectible like this watch will retain much of a $3.5M market into the future (understanding these folks are willing to “pay” for the ability to stash *much* of $3.5M in a pocket, but the question is how much).

uniqueness is questionable in vintage watches
 
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uniqueness is questionable in vintage watches

All I mean is, there appears to be more certainty that a Picasso will continue to be mostly as valuable in the future, than there is certainty a specific model of brown speedmaster will continue to be mostly valuable.

But, none of this changes that there were at least three people that wanted to fit $3.5M in their pocket.
 
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All I mean is, there appears to be more certainty that a Picasso will continue to be mostly as valuable in the future, than there is certainty a specific model of brown speedmaster will continue to be mostly valuable.

But, none of this changes that there were at least three people that wanted to fit $3.5M in their pocket.
This is not money laundering. There are far better, less conspicuous, more liquid ways out there to do that. As you note there were two other bidders willing to pay close to this amount for the same item. People may joke about Chinese buyers but they have some of the deepest pockets in the world and have become a major force in the auction world. And this may also be a Hong Kong buyer, who (unlike buyers from mainland China) would have no qualms about flashing a prized catch such as this in the face of Xi Jinping’s “common prosperity” campaign.
 
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I've said it before and I say it again: Phillips may sell all of my watches... Think I can retire once they are done

Phillips will not do that, Mark. Not easy to have one accepted by them for Auction shortly before Christmas and in Geneva. They can be very picky because sellers are lining up ......
 
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it is not about the watch, it is about money

it is an attempt to bake some money into the form of easier transferrable storage

a watch maybe easier to stash somewhere than a few million dollars in cash

so does the paintings for tens to hundreds millions

in china, there used to be gemstone / jades for that purpose

This can be done much more easily with a Nautilus than a vintage Speedy.