a little tip. I bet you heard “it’s worth $45,000”
I don’t blame you.
now you think, “ok well at least I will get $25,000” at worst.
no you won’t.
auction houses are protocol driven machines designed to take as much as they can out of the sale. It’s so much, and so egregious that they have to employ really charming people to persuade buyers and sellers to work with them.
worst case scenario is your watch sells for 25,000. That is, the buyer pays 25,000 to christies. (except that’s not the worst case because they will try to persuade you to put in a lower reserve)
christies takes 5,000 from the buyer and you get 20,000. Oh hold on. Unless you negotiated a deal, they will try to charge 6-10% of the bid. Worst case scenario is you get 18,000.
that's a long way from the $45,000 that the charming christies person originally planted in your brain.
as far as Ultraman future value is concerned, I would rather spend the same money on a super special 145.012 and have change.
Now the small band of collectors that were blowing hot air under the perception and values of UM’s have gone quiet (they sold them all) the values and interest has fallen, and rightly so.
not a single (experienced) speedmaster collector friend has ever expressed a desire to purchase an Ultraman in the last 7 years.
That said, just because I have a sour taste in my mouth about them, doesn’t mean it is not in high demand - especially from Rolex Refugees and other Auction House customers.
but as I said give me a fine 145.012 of the ordinary kind any day over an average Ultraman
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