Baron - Mr Red
14613
5970P
I don't know how many of these watches were made. It was certainly a very short production run of just a year. So lets say they made 200-250. That makes it a stunningly rare watch. Patek are picky. They know that if a watch is going to be rare, they really don't like to see the buyer use the opportunity to "flip" the watch for a quick buck, so there is supposedly some screening to ensure this type of practise does not take place. Yet just look at the Collectors Market. I can see several being sold in the last week. I am all in favour of the free market. In fact, I have defended it on these forums several times. Having said that, seeing so many "flippers" makes me feel that the speculative element just isnt helpful to either Patek or to genuine collectors. It isn't helpful in so many ways. Am i alone in this frustration? Are there better ways for Patek to proceed to diminish this concept of buying "hot" watches only to make a quick buck. The 5131 is a "hot" watch. I know of one that is available for three times its retail price. And its being sold there. The new owner mustn't register with PP as the original owner knows that he was "awarded" the watch and not expected to flip it.
Flipping "hot" watches is very hard to remove. Its a part of this business. Its a part of the free market. Deep down i know it has to be. Just doesn't mean that I have to like it!
Sorry...sounding off here.
This message has been edited by Dje on 2010-05-02 02:57:33
5970P
very annoying
I undertsand the frustration most collectors have, but....
After all is said, i still dont understand the whole point ?
Very well said!
Agree with you all: the real price is what you are ready to pay for something
Tic-Toc, Tempus...