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ewand
·Well, well, well... of the 9 watches listed, 5 of them "passed", and only one got higher than the low estimate. Is this evidence of a softening of the market?
Speedmasters at WoK auction, 20 July 2019
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Just Livin
·Well, well, well... of the 9 watches listed, 5 of them "passed", and only one got higher than the low estimate. Is this evidence of a softening of the market?
But seriously. 96 and 99 grabbed my attention and both hammered.
Outside of that 97 I would happily want. But not at that price.
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Gamma
·Interesting thoughts here and thank you for the write up. I was keeping an eye on this auction and lot 99 in particular but in the end I made a separate purchase a few days ago so was just an observer here.
I took a look after the auction ended and I was surprised by how many items didn’t sell or did so at the low end of their estimate, the omegas included. I wouldn’t have guessed that a few days ago. Just puts into context the prices that some people are asking for (including in the forum I’m sorry to say) look even more stratospheric when you can pick up decent examples at an auction like today’s for significantly less money
I took a look after the auction ended and I was surprised by how many items didn’t sell or did so at the low end of their estimate, the omegas included. I wouldn’t have guessed that a few days ago. Just puts into context the prices that some people are asking for (including in the forum I’m sorry to say) look even more stratospheric when you can pick up decent examples at an auction like today’s for significantly less money
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smitty190373
·Do we think if 9 similar Speedmasters were auctioned.... all with nice dials, nice lume, nice hands, and nice bezels.... 5 would be passed?
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JanV
·Do we think if 9 similar Speedmasters were auctioned.... all with nice dials, nice lume, nice hands, and nice bezels.... 5 would be passed?
Edited:
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DanT
·Thanks for the write up, very interesting.
WoK is well regarded by London dealers, from what I've heard. On a tangent, noticed the two Mark II's sold well, the one with the 'chocolate dial' went for +£3k inc fees.
WoK is well regarded by London dealers, from what I've heard. On a tangent, noticed the two Mark II's sold well, the one with the 'chocolate dial' went for +£3k inc fees.
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jhross98
·Well, well, well... of the 9 watches listed, 5 of them "passed", and only one got higher than the low estimate. Is this evidence of a softening of the market?
The market is not good for mediocre or middle of the road examples and hasn't been for some time. Thats what these watches look like to me.
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ewand
·Thanks for the write up, very interesting.
WoK is well regarded by London dealers, from what I've heard. On a tangent, noticed the two Mark II's sold well, the one with the 'chocolate dial' went for +£3k inc fees.
This, it must be said, is the doldrums of the auction market anyway...
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DanT
·Yes, I was a little surprised at how well that choco Mk II sold for, given that a couple of years back I had a really mint Mk II that took a while to sell for a about half as much. Maybe the whole "whoooo, tropical" thing swayed a couple of people to bid against each other. Lots of other fairly reasonable watches didn't make their reserves, and like I've said before, WoK seem to often have reserves at or only very slightly below their low-estimate.
This, it must be said, is the doldrums of the auction market anyway...
Austin Kaye are currently pricing Mk IIs at £3,500 (a grand more than start of the year.) Don't know if that means Mk Speedys are finally going up in value - a few dealers Ive spoken to say they are. Might hang on to mine for a while, see what happens. Thanks again for the informative write up, I guess you'll be keeping an eye on Sterling Vault this week
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jhross98
·looked through the entire sale (not just speedies). . .really hard to tell from their pictures but lots of passed lots . . .why people are trying for sales mid summer i have no idea but there are definitely thin cracks in the market. i think only the very best examples of anything are safe now
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MSNWatch
··Vintage Omega AficionadoThe interesting vintage omegas in this auction were clearly not the speedmasters.
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Skrotis
·The surprise of this auction is UG Poularouter for 4800£ plus commissions is a strong resault.
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wristpirate
·A lot of passed lots, though lower end of estimates felt higher than previously.
