Good night for Rolex! 17.7 mil for PN

Vintage Rolex Discussion

Good night for Rolex! 17.7 mil for PN

Joined: January 29th, 2014, 2:38 pm

October 27th, 2017, 12:09 am #1

Last edited by Richard.Carver on October 27th, 2017, 12:24 am, edited 1 time in total.
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Joined: November 22nd, 2004, 10:13 am

October 27th, 2017, 12:29 am #2

3970P hammered for < 100k

NOS 6263 crazy prices

Any one calling the top of the market????????????????????????

Julian
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Joined: January 29th, 2014, 2:38 pm

October 27th, 2017, 12:33 am #3

...
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greekbum
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greekbum
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Joined: August 9th, 2009, 2:14 am

October 27th, 2017, 1:04 am #4

3970P hammered for < 100k

NOS 6263 crazy prices

Any one calling the top of the market????????????????????????

Julian
Where can i sell my watches at these prices i have some nice ones left (nt)
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idahowatchdude
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Joined: April 5th, 2014, 4:17 am

October 27th, 2017, 2:40 am #5

Utterly SPEECHLESS!! [nt]
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Joined: August 17th, 2009, 8:12 pm

October 27th, 2017, 3:46 am #6

I'd guess the worldwide attention for what this hammered at will add yet more collectors to our ranks.....
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Robbe1675
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Robbe1675
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Joined: April 21st, 2007, 10:15 am

October 27th, 2017, 7:50 am #7

Auction obsession: when there are lesser gods also for sale, they get hyped the same way as the 20 mln PN.

Because come on, these prices are absurd. A lot of these watches are for sale directly, for much less. (not the PN of course) .
A Monaco for 42500 usd? A red sub for 52500?

By the way, what is a Philippe Dufour really worth when the estimate was already 200.000 usd, and the hammer price was almost 5 times that estimate.
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Joined: October 22nd, 2007, 6:21 pm

October 27th, 2017, 8:21 am #8

I think I will sell all I have at Phillips and retire
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fatboyharris
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Joined: July 9th, 2004, 2:59 pm

October 27th, 2017, 10:26 am #9

Auction obsession: when there are lesser gods also for sale, they get hyped the same way as the 20 mln PN.

Because come on, these prices are absurd. A lot of these watches are for sale directly, for much less. (not the PN of course) .
A Monaco for 42500 usd? A red sub for 52500?

By the way, what is a Philippe Dufour really worth when the estimate was already 200.000 usd, and the hammer price was almost 5 times that estimate.
........a weird and crazy world out there.......at least watches are a form of portable wealth easy transported, below the radar (at the moment) but moments like this can bring the wrong type of attention of Governments and their revenue services......yesterdays auction prices may be quite funny in a few years time... corrections and changes are due especially when eg the eventual quantitative easing in EU slows down and begins to bite especially for countries like Italy and bond holders everywhere start running for cover................... will it be as in the past the ordinary taxpayer, home owners and their pension schemes that will eventually pay for the current excesses,like they did in 2008...I suppose the real trick in any investment market is knowing when to jump and how high

Time will tell literally.

regards

John

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watchyouwant
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watchyouwant
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Joined: April 16th, 2006, 11:27 pm

October 27th, 2017, 12:53 pm #10

volumes. rational thinking has been replaced by hopes of whatever .....tax cuts....higher profits by health care companies due to micky mouse health plans for the low income earners.... aso..... there will be a wake up call , as always. but there are still obscene amounts of money floating around.... will be interesting to watch. kind regards. achim
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