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And I Agree with You / "Correction" Under Way for Heuers
In Response To: Don’t agree... ()

If, in the stock market, a 10% drop in prices is -- as a rule of thumb -- defined as a "correction", then it's fair to say that many of the vintage Heuers are also experiencing a "correction". Not a crash, but a correction.

Prices of the vintage Heuers went up crazy high, crazy fast, and now they are giving back some of the gains. Perhaps healthy for the market, over the long term.

For what it's worth, my Breitling buddies are saying that the brand did well at this Saturday's WOK auction. So we can add those to the list of watches that performed well.



: I’m sorry but I think there are some rather blinkered views here
: and unfair blame being apportioned on so called ‘local’
: auction houses in relation to why sales figures aren’t higher
: right now.

: Firstly I have been both a buyer and seller at WOK for some time
: now and find them as good if not better at running an auction as
: any of the old guard. They successfully sold my Siffert last
: year for over $30000, Phillips didn’t manage that with any of
: theirs at the more than underwhelming November sale!!

: Secondly, and apologies if this has been already discussed, Heuer
: prices in general have softened from their heady highs, for some
: models significantly. I believe what we saw at WOK is a straight
: forward indication of what buyers are willing to pay right now.
: As mentioned more quality watches have come to the market even
: on eBay, dealers appear well stocked, and it’s costing more
: for those buying in dollars to purchase from the UK now than it
: was 12 months ago. Also let’s face it they simply aren’t the
: flavour of the month right now in the wider collectors market.

: On the flip side good Rolex subs and GMTs flew at WOK, their buyers
: didn’t appear put off by the snow (which is pretty irrelevant
: as most people bid online at home these days) or Paddy’s day
: (we’re not all Irish you know) when bidding for them, I bought
: two and was manning my daughters 7th birthday at the time, were
: there is a will there’s a way!! I also sold my Reverso for
: double estimate in this sale, so I’m happy as it negated the
: hit I took on my 3646 Andretti, yep that was mine..

: So the fault of lower prices being achieved right now at auction
: should be blamed upon market forces, not how the watches are
: marketed... All IMHO of course!

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