Thought the same...
It’s the same for everybrand. It’s all in the « cavalcade in the details ». (And if you don’t know what the cavalcade is, do a search on the Longines subforum.)
Is the 16250 CHF hammer or all in price?
All in. Hammer 13’ chf
. These haven't half rocketed in price.
Wasn't there another recent post on the same subject and it was US$12K?
That's the one .
I know of nicer ones for sale right now for almost have the price
It’s all smokes and mirrors, perceptions and consensus. “If Phillips sells it then it must be investment grade”. Hocus pocus, and herd mentality not leaders.
Magical thinking as imaginary protection against value loss.
I only have one word: Remember Lehman brothers and the subprime crisis.
Indeed, markets are crazy, my personal impession is that you can buy a watch on EBAY, take some nicer pictures and sell it for twice the price. Have studied this for years now and see it again and again. So why should this not also happen in these auctions. I am struggling a bit by now to actually estimate the "real" price and fear that there is no "real" price
and a new record for a 2914-1?
although seemed quite good. . .
Happy to see that a watch I don't wear very often has increased its value.
More "investors and speculators" in the hobby than afecionados!
I think the real market value is below 50% of the auction results simply because of auction fees. The seller receives only about 50% of the published auction result after fees of both sides are deducted. So this is what the seller gets - and this is then simply the value of a watch when sold at auction. Or am I wrong?
Of course someone could claim: "Well, you don't have to sell it at auction!" - but then, good luck for a private person to find a high-end collector with those big pockets that is willing to pay auction house prices outside of these sanctuaries. In the end these models most likely end up at a dealer (that pays a lot less and takes them to auction thereafter) or they end up on ebay and we all know what happens to bad picture listings.
As a consequence, please also correct me if im wrong, but very generally speaking - I would say the average customer at the Geneva 8th auction looses 50% of the price paid, immediately when he leaves the auction house in case he does not like the watch, maybe already three days later. If he takes it back for next auction, and it achieves a similar price - 50% are gone because of fees.
I would be surprised if a significant portion of the genuinely interesting pieces are consigned by sellers who apply on the same terms as those listed for the general public. Anyone who is either a regular consigner or has a piece that an auction house knows will bring in the customers is able to dramatically reduce the seller's fees. I know of some auction houses who waiver them entirely for prominent sellers.
Heard similar stories. Phillips does something very good but it has not much to do with the real world
Of course nothing in common with the real world, but IMO the feeling that the Ranchero is a pretty damn cool watch is still truly visible into collectors' eyes.
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