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On the Topic of Dealers Sticking to Unrealistic Prices

We discussed this watch last summer, and perhaps it will become an annual rite.

This watch was sold by Phillips in November 2018 (Hong Kong sale), at $75,368.

In April 2019, we saw the watch listed by a dealer in Japan, at 9,980,000 JPY (then $91,846).

Now, in August 2020, 16 months later, we see the watch marked down to 9,280,000 JPY (currently $87,439).

Most observers were surprised to see the watch fetch $75K at the Phillips sale; I suspect that these observers would also suggest that the discount from $92K to $87K will not be sufficient to move the watch.

Jeff

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: Well spotted . . . seems to be the same watch . . . telltales
: are the spots on the hour recorder and the marks in the triangle
: on the bezel.

: Shown below is the Phillips catalog photo; and here is the link to
: the OTD page for the sale --
: http://www.onthedash.com/document/phillips-2018-november-hk/

: Here is the Phillips page showing that it sold for around $75,000
: (587,500 Hong Kong dollars) --
: https://www.phillips.com/auctions/auction/HK080218/filter/artists%3DHeuer

: Jeff

:
:

: +++++++++++++++++++++++++++++++++

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