patrick_y
[PuristSPro Moderator]
30073
I was bidding in 2021, that year, things were crazy. But buy the watch because you really like it - not to own a one-of-a-kind...
Money was no longer valuable in 2021, and people were spending it like it was going out of style. Plus, everyone wasn't certain they'd live much longer. I was also surrounded by even more active bidders to my right, front, and back - all of whom were much wealthier (and competitive) than I. Thus, 2021 generated much more revenue than expected. As the auction values for even less expensive pieces far exceeded everyone's expectations. I bid on a few of the less famous pieces, but found myself quickly outbid and both lots I was considering went for twice what I expected them to sell for.
Anyone ever buy an OnlyWatch?
Well? Seems like a great way to get a unique piece + support an awesome cause.
I'd love to try attending the auction in person and bidding on something in the future!
However, I'm discouraged by the increasing amount of competition. Compare the 2021 auction results with 2019...
Yeah was just looking at 17, 19, and 21.
I’m guessing prices drop from 21 like everything else has.
Perhaps things cool down a little this year but I'm not getting my hopes up.
The watch market is still very hot, and the independents/microbrands are far more desirable these days than they used to be. A great thing for the charity of course though
With these auctions, it’s not really possible to get a „bargain“ (at least compared to general prices at time of auctioning). There will most likely always be someone willing to spend more than you do.
The prices are not just driven by value, but also by prestige and maybe other factors. Prices in 2019 or 2017 also exceeded the limit i would‘ve given myself at that time, compared to general market prices. They just seem to be a bargain by today‘s standa...
I suppose everyone's definition of "bargain" is different.
But I would say in past years, there have been good values or bargains. 2021 was not one of those years. But I would say 2019 and years prior, you'd find some bargains. They weren't GREAT bargains. But they were fair prices at the time. You weren't paying...
I was bidding in 2021, that year, things were crazy. But buy the watch because you really like it - not to own a one-of-a-kind...
Money was no longer valuable in 2021, and people were spending it like it was going out of style. Plus, everyone wasn't certain they'd live much longer. I was also surrounded by even more active bidders to my right, front, and back - all of whom were much...
It was fun. I left while the auction was still ongoing.
His Serene Highness gave a nice opening announcement. Luc, the founder of Only Watch, is always a wonderful fella to talk to. I spoke with him a little more at Dubai Watch Week later that month in November 2021. You have a lot of very important people in ...
Hard to say...
If you're in Geneva for the GPHG awards or the big auctions, the Only Watch Auction is definitely worth attending. I would say, 2021 was an extremely unusual year... You had people whom had come into tremendous wealth due to the pandemic, you also had the...
Interesting!
Thanks for the color. I think I'll eventually go the auction because it's easy to time with a Europe trip. Don't have much of a reason to go to Dubai
Well. I highly recommend the Dubai Watch Week.
If you're going to make a special trip, DWW is WORTH IT! I flew out there from USA. In COACH. In November 2021! Pandemic time! And at that time, my itinerary took 3 flight segments to get there and 2 or 3 to get back. I stayed in an awful hotel (five star...
