And now it's been hodinkeed

 

Will it go beyond 10k inc commission?

 

Unfortunately for those of us on the hunt I'm guessing yes

 

And also unfortunate for those of us who are [being greedy] looking for more.

 

+52%

They really have an huge influence on the vintage watch market.........

 

108 000 SKR = 13 135 USD...

I guess some of us are feeling quite wealthy today.

 

I believe that number is totally misleading. I think it includes a buyer's premium of 20% and whatever the seller's commission is (i didn't look but let's say 20% as well), so the net to the seller was many thousands of dollars less). Even at the net number it is high, and shows the sometimes irrational exuberance of the auction route and the frothy market (as well as the desirability of the piece in question, on some level). But don't start thinking of retiring just yet by considering the grossed up price to be the market value of your watch (which is a beauty).

 

So - you mean no one payed 13 135 USD for it?

 

Well, it is what a buyer just paid (or contracted to pay). IMO not ridiculous given the rarity and what comparable watches are making. Just wish I was as good at the day job

 

Maybe my post isn't clear. You seem to be suggesting that your watch is worth that figure, when maybe 40% of that number went to Kaplan's in fees. So the notion that based on the auction result the market value of the watch should be deemed $13k+ is off base, IMO.

 

Guy pays 13k no matter what else is tacked onto it ie; commission, VAT, watch fairy tax he is going to sell it for 13k as that's this watches worth.

Doesn't mean all are worth that much straight away but as far as my book reads they just went up a bit as one sold for 13k

 

It's true that one auction result doesn't make a new price level. But it's equally true that someone just paid that much, and that all asking prices will rise to or near that level.

 

Sorry, I do not get it (and yes - your post is not clear). If someone is willing to pay 13 135 USD for a watch - that is not the market value? What the sum is built up of and what part is Kaplans is irrelevant. He or she has, or are going to pay, 13 135 dollars for it. That is the market value at that point and for a watch in similar condition.

What we think of the sum is also irrelevant. It has happened. Am I going to get that the day I sell - who knows. It could be double or 100 bucks.

 

No, I would say that is the gross price paid at the auction. When the big Speedmaster auction results came in, did they reset market prices at those high levels? I think that the posts on the sales board here and elsewhere tell us that the answer is an obvious "no".

 

So - If I were to sell my watch you believe that it would sell for 40% less than the auction price of today?

 

I think it's interesting to see, in the light of today's auction result, what a bargain above purchase today looks like. Give it another couple of years, and 13k$ may be regarded also as a bargain.

Or not

 

That is the wrong question if you are talking about market value. The question you should be asking is if you posted the watch FS would it fetch buyers at $13k+? I would wager that the answer is no.

 

It perhaps is now cheap given where the Cairelli just sold for at Phillips!

 

Market value is always hypothetical until you put your own watch up for sale. Me selling mine is hypothetical in itself... There are at least two collectors out there that belive that 13k is OK as the second bidder stopped at 12 950.

I bought my Seamaster 1000m at almost Omegamania high. I guess I am kind of one of the type described above. You win on some and you loose on some - and as long as you really like the watch it does not matter in the long run. In some years I might financially regret not selling at "Kaplans Viggen high" when trying to peddle my watch here for 100 dollars (to LouS). But I will enjoy it until then and have no regrets - as the watch is such a joy to use.