Interesting...

Oct 08, 2007,18:40 PM
 

Thanks a lot for sharing this extremely interesting article.

I am kind of confused though... may be due to my poor English.... Did they say that Omega sell AND buy the very same watch (i.e. that Pt Omega) in the auction?

Anyway, I think it is a good time to talk about this interesting topic...

I think we can classify these "marketing in Auction" behaviour as:

Case 1: buy a watch (that is already owned by the buyer) in an auction (to establish a "market" price)
Case 2: buy "museum-grade" watch in auction
Case 3: buy auction-grade watch (e.g. 3940, 3970) that is owned by other people in auction
Case 4: buy new/current watch (e.g. 5960, 5980) that is owned by other people in auction

To me:

Case 1 makes me sick... In auction, pushing the price above reserve by "anonymous buyer" (i.e. the seller) is fine as long as the "anonymous buyer" is not the final real buyer in the auction.

Case 2 is perfectly fine. This is what PP has been doing for years. If you had visited their museum before, you should agree.

Case 3... well... a brand should not be doing this... It is solely for "investment/marketing" purpose. I doubt PP is doing it.

Case 4... It is similar to case 1. Although many people are saying that PP is doing it, I don't see any evidence about this. Please do let me know if you know of any insider info about it.

Any comments?


More posts: 3940397059605980complicationsgrand complicationsnautilus

  login to reply

Comments: view entire thread

 

How Top Watchmakers Intervene in Auctions (esp. Patek)

 
 By: octagonPower : October 8th, 2007-13:07
sorry to post this link to the wall street journal online, but you patek fans will hate to read this! Patek SELF-OVERHYPE?!??! online.wsj.com

I agree this is nothing new but the outcome of the legal action may affect some brands.

 
 By: Ling : October 8th, 2007-17:41
As reported, Mr. Patrizzi is challenging the new Board in a legal action. This will determine the direction of Antiquorum in future. If his challenge fails, Mr. Tsukahara will lead Antiquorum in a different direction from that of Mr. Patrizzi (this conclu... 

Interesting...

 
 By: happy_wis : October 8th, 2007-18:40

3940 Reality

 
 By: TomP : October 12th, 2007-06:23
Patek goes to great lengths to keep its production secret. Howver, the 3940, a watch made for 20+ years will have over 10,000 examples in existence. if every "Authorized Dealer" sold only 1 per year multiplied by 20 year multiplied by hundreds of dealers....