GuinnessForMeAndTheWatch
373
Anyone follow Phillips yesterday ?
Jun 29, 2020,00:56 AM
Decent outcomes for Piguet ....curious thoughts on the 15500 sale price / including 25% hammer that seems like nuts price . Any reason? You get brownie points with auctions house or something like build credentials for bigger pieces ?
Canβt figure out why youβd pay way above market for legit reasons anyhow
Comments:
view entire thread
Anyone follow Phillips yesterday ?
By: GuinnessForMeAndTheWatch : June 29th, 2020-00:56
Decent outcomes for Piguet ....curious thoughts on the 15500 sale price / including 25% hammer that seems like nuts price . Any reason? You get brownie points with auctions house or something like build credentials for bigger pieces ? Canβt figure out why...
Could be
By: countzero : June 29th, 2020-19:26
In that case the discounts would probably be acceptable in the range of 40%-50% (e.g. paying 33,750 CHF for a clean watch with a grey market price of ~$14k [BLRO]; or 25,000 CHF for ~$17k [BLNR]). Still, even that potential explanation does not quite expl...
Sure! It is interesting to speculate.
By: countzero : July 1st, 2020-19:57
May be some of this going on, if not with the steel sports models then with some of the more expensive pieces (although liquidity - ease of selling - would always be a consideration). Perhaps seeing all the crazy results on vintage Rolex/Patek just makes ...
Emotional factor?
By: jmpTT : June 29th, 2020-05:18
With COVID-19 everyoneβs day to day living expenses are way down, so there are people who now have extra money on hand and it is easy to get carried away when you want to win something at a prestigious auction. Phillips certainly carries some prestige in ...
LOL [nt]
By: nwk00 : June 29th, 2020-06:50
Well, there are hard limits on moving money offshore from mainland China.
By: Jay (Eire) : June 29th, 2020-17:43
There are plenty of workarounds of course, and associated βtaxesβ. Charging oneβs card at Phillips and picking up your watches in HK or Geneva sounds like one of the easier routes to follow. This auction had many strange results but honestly pretty much e...