I'm fairly sure Gavin is aware of how an auction works, but is more interested in why it went 10-15 times higher than similar ones, in other words what made this special or was it simply a bit of a bidding war.
I too would be keen to know why a $3,000 watch most days of the week sold for $53K.
The only thing that I can think of is perhaps the 14K white gold case, which definitely isn't common, maybe its solid rather than filled, wouldn't be the first time a mistake was made.
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