- Posts
- 17,685
- Likes
- 26,777
Foo2rama
··Keeps his worms in a ball instead of a can.Damn I was going to say 15.5 after I thought about it but didn’t want the edit.
OFFICIAL Newman’s Newman Auction Guesses
- Posts
- 847
- Likes
- 8,408
Ssunnylee24
·Am i late? 17.7m
- Posts
- 2,113
- Likes
- 23,954
- Posts
- 2,113
- Likes
- 23,954
Baz9614
·I love everything about this piece! The watch, but mostly the amazing story! It's a true reflection of the man and the values he embodied. I'm shocked, and not shocked all at the same time! The man and the story clearly resonated within everyone in the watch world and someone out there now has an amazing story adorning their wrist. I'm sure Mr. Newman would have been amazed at the outcome. . . Thank you Sir!
- Posts
- 2,740
- Likes
- 4,332
lillatroll
·Anyone on here get it?
- Posts
- 358
- Likes
- 1,026
- Posts
- 6,832
- Likes
- 13,793
Nobel Prize
·17.8 million. Indeed drive carefully.
https://www.nytimes.com/2017/10/27/...daytona.html&eventName=Watching-article-click
https://www.nytimes.com/2017/10/27/...daytona.html&eventName=Watching-article-click
- Posts
- 707
- Likes
- 1,041
trackpad
·One thing I got wrong, and we can just chalk it up to naïveté – the bidders didn’t need even the thin sense of charity as a beard for anything.
- Posts
- 1,294
- Likes
- 2,291
jhross98
·i am curious if people have a theory on why the opening 10mm bid. . .makes little sense to me unless it was staged. i have watched hundreds of auctions (mostly art) and no one does that even when pieces go for much higher prices or the range is far too low
- Posts
- 2,740
- Likes
- 4,332
lillatroll
·i am curious if people have a theory on why the opening 10mm bid. . .makes little sense to me unless it was staged. i have watched hundreds of auctions (mostly art) and no one does that even when pieces go for much higher prices or the range is far too low
Perhaps by offering so much the winner wanted to thin the bidding herd from the off. I imagine that people have a figure in their head prior to bidding and if the opening price starts higher than that, they drop out.
I bet a lot of people thought it would sell for between 5 and 10 million So by offering 10 mill straight away the bidder have thought he could win it there and then
I don t know how much money you would need to be able to drop 10 mill on a watch never mind 15.5 mill, so really I am just guessing.
- Posts
- 1,294
- Likes
- 2,291
jhross98
·Perhaps by offering so much the winner wanted to thin the bidding herd from the off. I imagine that people have a figure in their head prior to bidding and if the opening price starts higher than that, they drop out.
I bet a lot of people thought it would sell for between 5 and 10 million So by offering 10 mill straight away the bidder have thought he could win it there and then
I don t know how much money you would need to be able to drop 10 mill on a watch never mind 15.5 mill, so really I am just guessing.
i'd assume to spend 15mm on a watch you have to be worth a billion or more
i still don't really get it. . you risk overpaying by a few million to knock out a few people that drop anyway if it goes for 2-5x their expectations
- Posts
- 5,043
- Likes
- 15,507
eugeneandresson
·i still don't really get it.
Whats to get? Someone really wanted that watch. And had the cash to prove it. Case closed.
- Posts
- 1,294
- Likes
- 2,291
jhross98
·Whats to get? Someone really wanted that watch. And had the cash to prove it. Case closed.
The question is why open with a 10mm bid when lots of people thought this was close to the final price
I think it was staged
People bid on art worth 5x this price and you never seen an opening bid that high.
- Posts
- 5,043
- Likes
- 15,507
eugeneandresson
·The question is why open with a 10mm bid when lots of people thought this was close to the final price
That we will never know.
this is true for every winning bidder of an auction at any price.
Exactly.
Edit : also, not everybody bids in the same manner or according to the same principles. I am certain some folks will pay if they really want something, as opposed to sitting for 3h trying to scrounge the cheapest price and getting to the same price-point eventually : " I want it '.' ".
Edited:
- Posts
- 264
- Likes
- 418
Timmert
·Funniest comment at the Hodinkee site:
"Please don't let it be Kanye" 😁
"Please don't let it be Kanye" 😁
- Posts
- 2,535
- Likes
- 11,455
Togri v. 2.0
··Wow! Custom title... coolRemember that $17 million is nothing to the people with really deep pockets. It's a drop in an ocean. I'm actually surprised that it didn't go higher.
- Posts
- 2,364
- Likes
- 12,695
Jwit
·Do you guys think it included shipping costs? 
- Posts
- 2,113
- Likes
- 23,954
Baz9614
·For $17,752,500 that should be hand delivered anywhere in the world! Period!
- Posts
- 2,824
- Likes
- 9,160
- Posts
- 2,113
- Likes
- 23,954
