Dimardi
2863
I was there...
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 of the gate.
This market is going completely crazy
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 ??? ...
Thanks for the heads up...
I'm packaging up my Seiko Turtles and sending them to Phillips immediately!💸
They refuse a lot of lots they don't want and don't help build their profile.
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.
I’m surprised by the low estimate of the first FPJ…
glad to see that the madness prevailed with the actual sold price😵💫
Low estimates are intentionally done.
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...
I can’t imagine wearing one of these watches.
Of course I can’t imagine buying one as well, which skews my ability to envision wearing it anywhere.
Afraid we havent seen the peak yet
With SPCX, OpenAI and Anthropic going public, a lot of money is going to be hitting the streets!
I was there...
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...
