Sadly this happens all the time, original owner getting taken advantage because they don’t know what they have.Is it just me that finds it slightly sad the family sold it to a dealer for this to happen? Chap kept it like that so it was obviously a luxury buy to him at the original price (equivalent of around $1k today)
Wonder what the dealer paid. They obviously didn’t research otherwise they’d have ebay’d it themselves so I’d imagine at worst he could say “well here they are for $1500 but yours needs a service and I need a profit so here’s $800”
At best he must have paid $1000 (but more likely way less) as I can’t imagine he’d have expected more than around $2k minus fees etc?
I’d say it’s a bit of an extreme example and could well be artificial inflation anyway but when the prices go up it more makes me want to keep them longer for fear of regret & being priced out the market if I want back in.Thats incredible.
If I were you folk with the collections I'd be looking out a suitable candidate for sale if that's how the market sits.
the auction was FILLED with shill bidders. if you don't think that, you're crazy. look at the low numbered bidders bidding 4 digits on the watch. the final two bidders might not have been shills, but the price was clearly, falsely raised.
i don't care if that was the last -8110 on the planet, no way that watch is worth that coin. give me a Rolex sub or Sea Dweller for that. =)
<* shark >>><