Funny thing is, normally I dont like the C-shaped case. But with the 120 I dont mind at all.
Mine also cost me a bit over 2,5k EUR, including bracelet and service. Well worth it as I enjoy it greatly!
Yes, indeed these are lovely wayches. And because of the size you can wear them for private and business situations. My 300 is too big when wearing a business shirt.
Funny thing is, normally I dont like the C-shaped case. But with the 120 I dont mind at all. I think it's a very attractive and versatile watch.
Thanks for all the tips, I will dive into it and report back.
Coming back to the watch that was for auction..there was a reserve price which was not met. So it’s up for sale again..let’s see where the 2nd round brings us.
I agree with your values- but as we have seen here (and elsewhere since we all are always looking even if not buying) it is indeed really hard to find an honest 120 in nice shape. It was never “easy” before, but word is out on these and it’s a sellers market.
I think there is also the collectors divide which we don’t really account for. Sure, as a seasoned collector we may say “I wouldn’t pay more than $2k for a really clean one and above that is nuts”, but then if pressed on how much it would take to part with one we already own, the numbers magically go upward “an offer under $3k for my really clean one is insulting!”.
Reality is somewhere in between.
Did it definitely miss the reserve or could it be the buyer backed out?
A good point and for me a watch always has two values, the value that I'd be prepared to pay and the minimum value I'd be prepared to sell at. These numbers are generally not the same and in an ideal world I'd only be buying watches at a level somewhere below my minimum selling price, not because I'm adding to my collection with future profit in mind but more as a hedge against a broad drop in vintage values in general.
I also agree that the longer a collector has been collecting the wider the gap between those two numbers can/will be. I find it sometimes difficult to answer buying/selling value questions from members as the gap can sometimes be quite large and it all depends on which side of the fence you are sitting.
A good point and for me a watch always has two values, the value that I'd be prepared to pay and the minimum value I'd be prepared to sell at. These numbers are generally not the same and in an ideal world I'd only be buying watches at a level somewhere below my minimum selling price, not because I'm adding to my collection with future profit in mind but more as a hedge against a broad drop in vintage values in general.
I also agree that the longer a collector has been collecting the wider the gap between those two numbers can/will be. I find it sometimes difficult to answer buying/selling value questions from members as the gap can sometimes be quite large and it all depends on which side of the fence you are sitting.
There's a name for this psychological bias: the endowment effect. Basically, we all inherently overvalue what we already own.
There's a name for this psychological bias: the endowment effect. Basically, we all inherently overvalue what we already own.