Tissot PR516 at Sotheby's

Posts

2,750

Likes

4,793

DirtyDozen12

·Dec 1, 2023·Thanks, mystery donor!

I wonder if anyone else saw this run-of-the-mill PR516 at Sotheby's with an asking price of $1200 USD? These are common watches and usually sell for 100-200 USD/EUR. Further below is a similar example that sold for 131 EUR (143 USD) in October of this year. Notably, the example from eBay comes with its original signed crown unlike the example from Sotheby's.

Source: https://www.sothebys.com/en/buy/pdp...6-a-stainless-steel-automatic-wristwatch-f5f3

Source: https://www.ebay.de/itm/175913534644?hash=item28f54384b4:g:EfwAAOSwiSFlAbqE&amdata=enc:AQAIAAAA4NETfpfHpzLxjAB49CIvx9NHfKK/ybeM4nE0DefoCAJGhM4fRQ+/Y4azgYO/hi+RHjvpGkRKpT6ycIX6b2Jg/5ZTfvTmcyBRUN9Iwac8sQtw1PXwlKlN72lFG/msvuXtoeVEopirAb7Br2nbhYWht2d4Q24fuGsHENnM5PKUSwK6HwxnMjFsMbgNWLpuTgtyxEz50BZMe9hGx8CFdtu55dmPTPbyVQb3r7ivPdBmyYCjD8KpMnSR195XjHVExYWTK9JvkdRUT4+Jw4F3vIP0A67HuA+Jrh+ZSjTLS7DW9R24|tkp:Bk9SR6qrjYmFYw

 

This website may earn commission from Ebay sales.

Posts

19,988

Likes

46,579

Dan S

·Dec 1, 2023

That's a weird auction overall. I guess these are Greg Selch's, and it includes some nice pieces that are priced accurately, but also a lot of mundane watches that are priced 4x too high. Maybe they just aren't used to having cheap watches in an auction.

 

Posts

2,750

Likes

4,793

DirtyDozen12

·Dec 1, 2023·Thanks, mystery donor!

Dan S

That's a weird auction overall.

Agreed.

The copy that reads, "Own a piece of watch history, handpicked by visionary Greg Selch," does make me wonder if the prices that are 4-10x too high are incidental, or "justified" by the provenance.

Source: https://www.sothebys.com/en/buy/luxury/watches/honest-vintage-the-greg-selch-collection

 

Posts

19,988

Likes

46,579

Dan S

·Dec 1, 2023

DirtyDozen12

The copy that reads, "Own a piece of watch history, handpicked by visionary Greg Selch," does make me wonder if the prices that are 4-10x too high are incidental, or "justified" by the provenance.

I had the same thought.

 

Posts

2,079

Likes

4,377

Fallout Boy

·Dec 2, 2023

Polished with fairy dust 😁

 

Posts

372

Likes

953

Anthony Lane

·Dec 11, 2023

it's all a bunch of B.S. there's no justification for this pricing other than a sucker is born every minute. There are still many dealers and private sellers that seem to think the watch market is just as strong as it was in 2020-22.

It's not.

 

Posts

604

Likes

1,981

Bernhard J

·Dec 11, 2023

I paid for mine in NOS condition (mint!) about 220 €.

Perhaps I should offer mine here in the OF sales section, as a bargain for 1000€ only ...