Horological Meandering

Look at these 4 lots And we are only at lot 10 The auction is live now Come on…. Yes it’s a great watch But 14 MILLION USD for that journe ??? ...  

The days of individual collectors seem to be waning.

even in this crazy market 🙂

Those prices are absolute nonsense. Great for the sellers though.

I'm packaging up my Seiko Turtles and sending them to Phillips immediately!💸

And most amateur sellers don't realize how complex it is, how long it takes until they get their money, and a lot of sellers drop out too. Auction is not the best strategy for most pieces.

glad to see that the madness prevailed with the actual sold price😵‍💫

Low estimates are a strategic risk. Two things to note: 1. A reserve price cannot be higher than the low estimate. Makes sense right? An auction house can't give an estimate of a reasonable sale price and then have a reserve higher than their own estimate... 

Of course I can’t imagine buying one as well, which skews my ability to envision wearing it anywhere.

With SPCX, OpenAI and Anthropic going public, a lot of money is going to be hitting the streets!

I did the preview for the Phillips and Sotheby's auctions on Thursday and was at the Phillips auction live today. Saw all those pieces auctioned live. Very strong prices for most of the watches...the Journe and the Lange, lots 1 and 2 started strong out o...