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jhross98
·there were many absolutely bonkers results at phillips the last 2 days. the speedmasters were much more "normal"
Phillips Geneva Speedmasters
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ATWG
·I’m just baffled at the modern Rolex results. The white dial 2019Daytona sold for 40,320 CHF/ $44,800 USD and the 2020 Rolex GMT Pepsi sold for 22,680CHF / $25,200 USD.
These are mind blowing prices, the Daytona is available all day below $40K and the GMT around $20K from gray market dealers in NIB condition!!
why are people paying such premium to an auction house? I don’t get it...
These are mind blowing prices, the Daytona is available all day below $40K and the GMT around $20K from gray market dealers in NIB condition!!
why are people paying such premium to an auction house? I don’t get it...
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Dan S
·I’m just baffled at the modern Rolex results. The white dial 2019Daytona sold for 40,320 CHF/ $44,800 USD and the 2020 Rolex GMT Pepsi sold for 22,680CHF / $25,200 USD.
These are mind blowing prices, the Daytona is available all day below $40K and the GMT around $20K from gray market dealers in NIB condition!!
why are people paying such premium to an auction house? I don’t get it...
I have concluded that some people simply buy what they want when they see it, and since they're already attending the auction, they just grab a watch if it appeals to them. They don't care to put in the effort to save $5k-$10k, it means nothing to them.
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cristos71
·With these kind of auction results it's clear to me that there are way too many people with way too much money
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S.H.
·I have concluded that some people simply buy what they want when they see it, and since they're already attending the auction, they just grab a watch if it appeals to them. They don't care to put in the effort to save $5k-$10k, it means nothing to them.
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watchyouwant
·That's the Phillips Universe. You attend the rich and famous, very well dressed hand made clothes crowd , who freely spend and maybe get a glimpse of somebody, who could afford the Paul Newman Daytona for 15 million..... Share drinks with them. Breathe the same Air.....and the Auctioneer is World leading in his class and plays the crowd like a fiddle .... Then overpaying is easy. You are among the blessed ones. One of them for the fleeting moment......
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Peemacgee
··Purrrr-veyor of luxury cat box loungersI’m just baffled at the modern Rolex results. The white dial 2019Daytona sold for 40,320 CHF/ $44,800 USD and the 2020 Rolex GMT Pepsi sold for 22,680CHF / $25,200 USD.
These are mind blowing prices, the Daytona is available all day below $40K and the GMT around $20K from gray market dealers in NIB condition!!
why are people paying such premium to an auction house? I don’t get it...
For some of the people I deal with in the Middle East, 40k is pocket change.
And the difference between 40k and 45k is pocket lint.
They buy what they want when they want, it’s as simple as that.
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m84
·I’m just baffled at the modern Rolex results. The white dial 2019Daytona sold for 40,320 CHF/ $44,800 USD and the 2020 Rolex GMT Pepsi sold for 22,680CHF / $25,200 USD.
These are mind blowing prices, the Daytona is available all day below $40K and the GMT around $20K from gray market dealers in NIB condition!!
why are people paying such premium to an auction house? I don’t get it...
(not to mention the at least half dozen 'kermit flat 4s' available right now on C24 for around half the hammer price...)
i don't think you understand just how 'rare' and 'fine' these watches are! 😜
Edited:
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wristpirate
·That's the Phillips Universe. You attend the rich and famous, very well dressed hand made clothes crowd , who freely spend and maybe get a glimpse of somebody, who could afford the Paul Newman Daytona for 15 million..... Share drinks with them. Breathe the same Air.....and the Auctioneer is World leading in his class and plays the crowd like a fiddle .... Then overpaying is easy. You are among the blessed ones. One of them for the fleeting moment......
Post of the week. Should be a sticky for when people ask why did prices at auction go high.
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Spacefruit
··Prolific Speedmaster HoarderTrue. And perhaps not enough quality examples nor discerning spenders to rail in all that largess that the auction houses ultimately siphon from for their existence.
So might that mean there is literally more money to go around?
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Caliber561
·Don’t forget, 40% of all USD ever circulated was introduced in the last 18 months. I guess many other currencies have similarly diluted.
So might that mean there is literally more money to go around?
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eugeneandresson
·Don’t forget, 40% of all USD ever circulated was introduced in the last 18 months.
And next year 6Trillion (120%?) more …
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