Community Stories

We’re not in a bubble. 330k CHF. plus commission. Omega 2915-1

Tony C.
Posts
8,039
Likes
28,245
Rman Rman
In time all lume will turn to dust. I have mixed feelings about this.

There is no doubt this market is in the speculative phase and this example is egregious, but those who have been sitting out have missed a lot of appreciation i reckon. Especially on the liquid references.::stirthepot::

I agree that there has been a lot of money to be made in various markets - including the vintage watch market - over the past 10 years or so, and I congratulate anyone who has done well. But by "done well", I mean actually sold and booked profits, not the paper value of what they own. 😉

When considering the enormous amount of "money" that the major Central Banks have conjured out of thin air during that time, in a predictably failed attempt to "jump-start" economies, the sharp rise in asset values (including property and stock markets, etc.) should be viewed, at least at their current levels, with great suspicion.

In terms of real values, deflation is a comin'. In fact, it has already arrived to the vintage watch market outside of the most obvious and desirable references.
Edited:
 
w154
Posts
2,597
Likes
5,656
It looks like I’m going to have to update the cost of a kidney...

E88B309C-C21D-46FD-8DBF-E740C321D078.jpeg
 
airansun
Posts
2,520
Likes
17,831
w154 w154
It looks like I’m going to have to update the cost of a kidney...

E88B309C-C21D-46FD-8DBF-E740C321D078.jpeg

The danger of money. It creates false equivalences.
 
Mouse_at_Large
Posts
2,043
Likes
5,503
On that particular day, that particular watch sold for that particular price. That's a fact. Theoretical future values of this and other watches are a matter of (less or more informed) speculation. If you feel it gives you some sort of superiority to categorise a particular buyer or buyers (whoever it might be and without any evidence as to their motivation or knowledge) as someone "with less experience, and (typically) much more money than brains" due to you holding the view that the watch went for too much then that's your right.

However, every dollar/CHF that the seller receives (and I'm reasonably certain he or she will be delighted with the result) from the sale has exactly the same value regardless of whether it has come from the cadre of "serious collectors" or the "more money than brains" buyers.

That's how the market works.
 
Tony C.
Posts
8,039
Likes
28,245
Mouse_at_Large Mouse_at_Large
On that particular day, that particular watch sold for that particular price. That's a fact. Theoretical future values of this and other watches are a matter of (less or more informed) speculation. If you feel it gives you some sort of superiority to categorise a particular buyer or buyers (whoever it might be and without any evidence as to their motivation or knowledge) as someone "with less experience, and (typically) much more money than brains" due to you holding the view that the watch went for too much then that's your right.

However, every dollar/CHF that the seller receives (and I'm reasonably certain he or she will be delighted with the result) from the sale has exactly the same value regardless of whether it has come from the cadre of "serious collectors" or the "more money than brains" buyers.

That's how the market works.

You really haven't said anything useful with that response.

By definition, everyone who sells an asset, whether during a depressed, inflated, or 'normal' market, receives "every dollar" (or franc, etc.) from a given sale. That obvious fact sheds no light whatsoever on whether or not a market may be inflated. In Holland in 1637, those who sold a single tulip bulb for more than 10 times the annual income of a skilled craftsman, also received their money. Furthermore, and for reasons that should also be obvious, unsophisticated buyers are far more likely to be active at the top-end during bubbles than during depressed or normal markets.

I would also add, as one who has plenty of experience with wealthy people buying luxury goods (i.e. racehorses), that those who have little experience in a specialised market typically do fall into the category that I mentioned. There are some exceptions, of course, but they are relatively rare.
Edited:
 
repoman
Posts
2,293
Likes
4,580
E-diddy E-diddy
The result of this 2915-1 has been the most surprising to me. It is not in "unspoiled condition" as claimed. Fake bezel, relumed dial, newer pushers and minute hand is shorter. Nothing wrong with restoring a watch, but if the auction house had disclosed all these changes it would not have achieved such a high price.

right... auctions houses are getting really really good at playing dumb. Its good for the bottom line. Caveat Emptor.
 
Kmart
Posts
1,231
Likes
3,796
w154 w154
It looks like I’m going to have to update the cost of a kidney...

E88B309C-C21D-46FD-8DBF-E740C321D078.jpeg

Not fair! I've given at least 8 pints of blood and I don't have a DON.
 
t_swiss_t
Posts
603
Likes
2,567
U ulackfocus
So will we.

If we're doing dust references you can't leave out T.S. Eliot: "Your shadow at morning striding behind you. Or your shadow at evening rising to meet you;. I will show you fear in a handful of dust."
 
M'Bob
Posts
7,132
Likes
23,141
Rman Rman
In time all lume will turn to dust.

t_swiss_t t_swiss_t
If we're doing dust references you can't leave out T.S. Eliot: "Your shadow at morning striding behind you. Or your shadow at evening rising to meet you;. I will show you fear in a handful of dust."

There is no more sure-fire way to burst a watch bubble than to confront a pool of potential buyers with their inevitable mortality. Or...is that an even better excuse to say fυck it, and empty out the drawers?
 
nonuffinkbloke
Posts
2,168
Likes
5,716
Tony C. Tony C.
The vintage market has been catalysed primarily in recent years by fashion ......... those with less experience, and (typically) much more money than brains, can easily be seduced

I'm 'fakkin' well counting on it Tony!😁 Could you kindly point wealthy, brainless, chaps in my direction? I have a rather splendid, over priced, vintage watch for them to look at. £££££££££££££ 👍
 
nonuffinkbloke
Posts
2,168
Likes
5,716
w154 w154
It looks like I’m going to have to update the cost of a kidney...

E88B309C-C21D-46FD-8DBF-E740C321D078.jpeg
561172-a2c5912a6c19b2303b56024b4d5abeba-1.jpg


Can I get a new 'todger' for a 105.012-65? And can I have a pretty one this time?😟
 
w154
Posts
2,597
Likes
5,656
nonuffinkbloke nonuffinkbloke
Can I get a new 'todger' for a 105.012-65? And can I have a pretty one this time?😟

Have you tried a strap on ?

I mean on your 105.012-65, or is it on a bracelet ?
 
Sign up or log in to reply...

Similar threads

billving

Even better.... Elvis’s omega 1,500,000 chf plus commission

billving Vintage Omega Watches Help, Discussion and Advice
Foo2rama
Foo2rama
Posts
2
Views
798