Robbe1675
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Robbe1675
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Joined: April 21st, 2007, 10:15 am

October 27th, 2017, 12:57 pm #11

But that still does not explain the ridiculous prices.

As Mark said, best bring all to the auction house and retire.
Or better, invest in houses at A1 locations.
Last edited by Robbe1675 on October 27th, 2017, 5:30 pm, edited 1 time in total.
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_Reborn
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_Reborn
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Joined: April 23rd, 2008, 5:56 pm

October 27th, 2017, 2:55 pm #12

...a museum would pay to keep the watch...

Last edited by _Reborn on October 27th, 2017, 2:57 pm, edited 1 time in total.
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JohnBasque
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JohnBasque
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Joined: September 16th, 2012, 8:48 pm

October 27th, 2017, 3:22 pm #13

... There are good times and bad times to sell assets. Now is a fantastic time.

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964RS
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964RS
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Joined: January 10th, 2009, 12:52 pm

October 27th, 2017, 8:59 pm #14

yes but to do which one??

Only hindsight will tell you if you were right or wrong....and nobody knows until the future has arrived
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r88tbeer
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r88tbeer
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Joined: March 13th, 2015, 10:10 pm

October 27th, 2017, 11:12 pm #15

in terms of drama, headlines and excitement.

The watch fetched what it did due to provenance and the fact it was owned by the man who defined the watch.

Compared to art and classic cars the vintage watch market still lags behind.

Whether this trend of growth will continue is still open to question.

Like all asset classes, a correction or slow down is always inevitable after a long sustained period of growth.

Prices have risen at an immense rate over the last 10 years during a period of record low interest rates.

Once interest rates re-adjust and rise I would expect growth to cool off and fall back.

Whether that happens is of no concern to me because I will still continue to buy vintage pieces and as the old saying goes "don't have all your eggs in one basket!"



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Joined: August 25th, 2011, 2:47 am

October 29th, 2017, 8:57 am #16

it was Rolex themselves that bought the watch? Something like a "relic" or a trophy of what an icon one of their watches could become?
Sorry I'm pretty newb, and this could be a totally dim-witted theory.
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Joined: May 7th, 2006, 5:02 pm

October 30th, 2017, 2:24 am #17

...was the winning bidder for the late great Mr. Newman's PN represented by Ms. To (the original $10 million bidder, presumably from Asia) or Ms. Monbaron (the other finalist in the showdown)?
Best,
T.
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Joined: April 13th, 2005, 7:18 am

October 30th, 2017, 3:35 am #18

that caught everyone off guard.
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Joined: January 23rd, 2005, 9:30 pm

October 30th, 2017, 11:57 am #19

it was Rolex themselves that bought the watch? Something like a "relic" or a trophy of what an icon one of their watches could become?
Sorry I'm pretty newb, and this could be a totally dim-witted theory.
Rolex have had years of free marketing and now a huge dump of free marketing from this watch.

If they bought it they could never sell it and so it would literally be just a US$17m hole in their funds.

The buyer is probably an American Billionaire who collects amazing stuff
-Perpetual Knowledge-
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Joined: May 18th, 2011, 10:20 pm

October 30th, 2017, 1:13 pm #20

Roger what is 17$ for a company valued 8 billions? (in comparison UBS is valued 6.1 billions, Morgan Stanley at 1.9)
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