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.