KIH
[Purist]
12054
Based on my very limited experiences....
... there are a few patterns (no, I have not sold any on auction).
1. Just decided to get rid of too many watches and "start over".
2. Just need money to raise fund (the biggest reason for such act by the wealthy people is, divorce).
3. Just keep relationship with the auction houses - he buys a lot, and then sells something and the seller's fee would be hugely discounted or even zero. And he will be given the opportunity to get rare pieces (watch or other art) without going through the auction.
So, yeah, in a way, it is wealthy people's game. But OTOH, the business has been in existence for a very long time, which means there are constant needs out there - to look at watches and arts as just another "asset class" in their asset portfolio. Sigh....
Just my 2 cents.
Ken
More Lange Auction Results
Below are some results from an auction that occurred today in Hong Kong: (1) A platinum Langematik "Anniversary" ref. 302.025 sold for HKD 425,000 ($54,800 USD). That is total price, including buyer's premium. Lot description is as follows: "A. Lange &...
The top of the tiop of the evidence will be the day we'll see pics of lange under the
Patik Seal... Errr, plastic, I meant. ;) Best, Nicolas
Can you say more Oliver? I'm always curious...
... about what "forum regulars" -- people like us who have posted here for years and have been enthusiastic about the Lange brand -- think when they see auction results of watches we've been familiar with since their introduction. I'm unfamiliar with the ...
Based on my very limited experiences....
... there are a few patterns (no, I have not sold any on auction). 1. Just decided to get rid of too many watches and "start over". 2. Just need money to raise fund (the biggest reason for such act by the wealthy people is, divorce). 3. Just keep relation...
CR, it's interesting to dig and find out the other
reasons why auctions thrive, think 'buy back' and you'd start to realize the seldom talk about reasons auctions are a great 'way to fly' an item's perceived value :) Mech.
"people like us who have posted here for years and have been enthusiastic about the Lange"
Auction results, I don´t really care. Most of the time the auction business is highly manipulated and it is almost impossible to "win" if you are not one of those "bad boys" ... What is more important to me are other changes. In the past we (you & me,...
"Which is not only about ..."
True, but it hurts even more if you have been in deep love before ...
So...
"Lange pays professionals to take pictures like we did (for free) in the past and they do press releases to inform us about auction results". So what is the problem here? They are right to do it. The competition does communicate about them. It would be a ...
So ... so ...
FX, in general I think you understood my points quite well. If you agree or not, well that´s up to you (absolutely no offence). My points are based on my observations and I feel free to take my own decisions. There have been changes and some may like it, ...
Thanks for clarifying this and sharing your perspective, Oliver....
I appreciate it, especially since you have such a long history with the brand! When I read your thoughts about Lange's decreased focus on boldness and increased focus on marketing, I thought to myself, "This is (sadly) what happens to almost all small, su...
Craig, thanks a lot for your reply ...
and I completely agree with you when you talk about the Zeitwerk (introduced in 2009) - it was and still is a great watch. When it comes to the new Grand Complication , I am not sure anymore. Would have been more impressed if it would come in an appropria...
Sorry, typo...
Number (7), the platinum Lange 1 limited edition "pinstripe" made for Sincere ref. 112.049, sold for approximately $27,400 USD, NOT $101,600 USD! Apologies for the currency conversion mistake from 212500 HKD!
The auctioneers are the big winners!
If you work out the commission structure and volume of business done. Watches are a very small part of their total turnover. :)
Great results!
Though i have to point out that you missed out the word "Tourbillon" in the bold title for item no. 4. The RL PLM and the RL T PLM, even in rose gold is 2 vastly different watches! I was reading the description and was wondering where the LE no. out of 20...
Yes, sorry Stephen for the error of omission! I will ALWAYS get confused...
... by the various RL PLM models. Specifically, it seems "backwards" to me that both of the two RL PLM non-tourbillon models that Lange has made are limited editions, but one of the two RL PLM Tourbillion models that Lange makes is a standard-production, ...
Interest in auctions is ok
Having a passion for watches and interest in auctions is not mutually exclusive. In fact they can easily go hand in hand. How can you be interested in the details of a watches movement without being curious about its market value trend compares to other m...
Let us try to "understand" less
And perhaps "accept" more?! A food for thought amidst all the recent debate! Tschuss Stephen