Where do you get $5.2k from? I'm really quite intrigued.
And as to what your assumptions for my plans for the watch are, frankly I have no idea what that has to do with the discussion.
Top 12 sales of 6215's on YJ in the last two and a half years in descending order of price (in million Yen, rounded to nearest 100k) -
0.8 (that's my one)
Top YJ sales for 6217's in the last 12 months (in 100k)
That's just YJ, and doesn't include sales from Japanese dealers that I am aware of (I keep track on around 50 off YJ). I don't look at eBay at all, so no idea what sells through there.
Like I said. The figures provided in the guide for the divers are significantly below what the better quality pieces are selling for in recent times.
Don't shoot the messenger.
And don't make assumptions about what my plans are for watches I add to my personal collection.
Ahh yeah sorry gbp vs usd. 5.6k or 799k yen indeed. I don't see any links or screenshots to those that you're telling me have sold at 10k prices, which is what I asked for, and which would strictly be proof? But I will take your word for it. I don't want to make an assumption for what you are going to do with the watch, but it is related to the discussion in a way. For example: let's say one buys a watch that is 3 or 4k below perceived market value, and is then deemed again to be of a lesser value by an online guide - much like the one we were discussing here - one's incentive to correct the information provided is greater as one's main goal is to make a profit on said watch.
I'm often curious that if many of these Seikos were suddenly worth a fraction of their inflated value, back to say even 2015 prices, would many collectors lose interest? Certainly seems a different type of enthusiasm has come about over the last few years, mostly centred around making some quick dosh, or profiting off other watch collectors, however you may want to see it.
That is odd, as it seems to be what you are doing?With my dealer hat on, I'm interested in making a profit on what I sell, so again - it is not in my best interest to attempt to pump the market because it would increase my input prices.
Scare which people off? Those who are only interested in profit? It wouldn't, however, scare those off who actually have a passion and interest for the actual watch, would it?In fact, what would be nefarious of me would be to do the complete opposite, and that would be to produce a price guide that undervalues watches so that I could scare people off from bidding on pieces that I was keen to acquire for the minimum possible price.
Again, as I said above, I wonder just how many people would stop paying attention to these things if they were cheap(er) again? "Veblen goods", I think is the term. There are also a large amount of collectors whose main focus is pumping up prices. Only have to look at Ebay, or Instagram, or Yahoo which is becoming pretty similar to both, to see this. It has no end in sight I'm afraid to say. All that will happen is many will simply move on after growing quite bored with just how much it seems to all be about........money. Or, will not look at a 6215 and think "oh that's worth dropping 10 grand on!"
Here is a quote from a recent article about watch collecting being fun, on ablogtowatch. It had some interesting points I thought and seems apt to post it now.
To be clear, I'm not making any assumptions about you!