Thurmond Von Ripper
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And even a bigger question - why do people sell at auction houses?
I agree that buying a common watch doesn't make any sense, other than the convenience and fun of the occasion.
For truly rare pieces, which tend to be vintage, I get why people buy at auction. I do it myself, as I don't have any alternatives as I am pretty much a hermit in the watch collecting world.
Why someone would sell their rare, vintage piece through an auction house is beyond me ... with seller premiums around 20%. Take a standard 3970, typically bid up to around 80k or so because the buyer knows that the total cost will be around 100k or so. Pretty much what one would expect on the open market. But then the seller gets around 64k (80k - 20%). Other than convenience, that's a pretty low amount to receive for your 3970. Even a hermit like me can sell a 3970 to my local watch dealer for more than that.
Thurmond
Why do people buy at auction houses ?
A few days ago I made this post on the horological meandering, http://home.watchprosite.com/show-forumpost/fi-17/pi-6123898/ti-895708/s-0/t-horological-meandering-you-just-gotta-love-these-auction-houses/ This time it's about a Patek so I post it here Yes...
And even a bigger question - why do people sell at auction houses?
I agree that buying a common watch doesn't make any sense, other than the convenience and fun of the occasion. For truly rare pieces, which tend to be vintage, I get why people buy at auction. I do it myself, as I don't have any alternatives as I am prett...
Ignorance is bliss, I guess...
My sense is that most people who sell through the auction houses don't know any other way, or don't want to bother with the hassle of selling into the grey market. It's also possible that sellers are often families/descendants of the original owner - with...
brief thougths
well. I've purchased things from auction houses before (not of this price range!). but some things, are that it supposedly is a 'clean' watch/ Not stolen, etc. then, people liek the experience of purchasing at acutions. Then there are things like serial n...
might have an explanation...
... as i was hunting for one. It was not easy to find a double sealed one. Plus most of the dealers you can find on the internet, do not have the watch, they will look for it once they have a buyer. I struggled a lot between those that claimed the watch w...
On the right track
I agree with you. Piece of mind. Reassurance. That is worth a price and often that is a premium. I much rather pay more and be sure I am getting what I want than save pay less and then find out that I am not really getting what I paid for. No box, no pape...
I couldn't agree more with Fricks!
I have been looking for a 5070P for months, and all the dealers who have claimed to have one in, and who advertise them on their websites and even Ebay in some cases do not have them in stock. I am happy with new or used, but haven't found either. I was w...
Thanks god i found it...
... After hunting for a while i found 3 in : germany, UK, and France. Some have been polished, others were not clear, etc.... Plus they were asking insane prices, i recall their argument was based on some auction results. I refused that argument and kept ...
When you have multi millionaires and billionaires fighting for the same watch
this is what happens :) You get an absurd hammer price for a watch they can get for much lower. It's called "Who has the biggest swinging ****" here in the USA. A lot of times, it's about ego and not wanting to "lose". But when there is a rare watch to be...
Bravo Anthony
Thats telling as it is! Bravo ! " It's called "Who has the biggest swinging ****" here in the USA. A lot of times, it's about ego and not wanting to "lose"...."
But why do we have those kind of fightings ...
in watches, in art, in jewels, in ... and all of them just recently? Francis Bacon Triptychon $ 142,4 Mio. Andy Warhol Silver Car Crash $ 105 Mio. ... and quite often it happened at Christies (good or bad) ... At the same time several outstanding/coequal ...
Just to ignore :P
The uber rich are just looking to park their money in alternative investments now because they're afraid to stick money in the stock market with all the US Fed pumping money in non-stop. That's my opinion :) These guys don't care about couple millions of ...
Just one more to ignore ... - promised.
The Pink Dream sold at Sotheby's Geneva for $83,187,381 (CHF 76,325,000), a world auction record for a diamond or jewel :-)
