Marc Obermann
3207
Well Vintage Cartier watches are really really hot right now and as much as I love Cartier I have to agree those prices are pure insanity.
If I am being honest I wouldn't even be a buyer of any of those watches even at the low estimate nevermind what they actually achieved. As I think I may of mentioned a couple of times before this is what happens when governments just magic money into existence at will and the money becomes virtually worthless so people fight to try and find something of real or perceived value to spend it on. Of course that is just MO and no one has to agree with me but it is what I believe is happening and it is not just watches either.
Marc
Reality completely gone, the insane overhyped Cartier auction market.
Does anyone have an explanation for the insanely high prices most Cartier pieces achieved at yesterday’s Sotheby’sauction? In my opinion, Cartier produces fairly average work …and I don’t mean that negatively. I own a Santos myself, but it’s nothing more ...
well at the end of the day
Public auction data does not confirm whether the buyer paid in full, and neither whether the buyer was independent. Similarly, whether the bid was later quietly retracted. These things can and do happen occasionally in the art & watch world. So these ...
Interesting points of consideration. I was thinking maybe Cartier was buying up their own watches.
Can winning bids be retracted without penalty, or did you mean retracted bid immediately after placing it?
I meant retracted after the auction.
There are no preset rules, and if the end game is creating publicity/hype, then there can well be pre-agreed penalty prices. I cannot know whether this is happening, but I am saying it can technically happen. Well, each (manufacturer) to his own. Not so i...
Well Vintage Cartier watches are really really hot right now and as much as I love Cartier I have to agree those prices are pure insanity.
If I am being honest I wouldn't even be a buyer of any of those watches even at the low estimate nevermind what they actually achieved. As I think I may of mentioned a couple of times before this is what happens when governments just magic money into exis...
History, rarity, cachet, celebrity all play a role.
But it’s the difference between buying a watch and investing in an asset. Watch buyers want to own a watch. Investors want an asset to appreciate.
Each Cartier House was doing their own thing
During this time, London, Paris, New York, were producing their own designs, cases and dials. There were a number of different movements in them too. They are rare and in some cases unique.
Wow... several of them closed at close to 10x their high "estimates".
I was after the Lange Tourbillon “Pour le Mérite”, but it went way passed my bid too.
I also find these very high achieved prices
a bit hard to explain. Cartier is a brand with a certain prestige and a rich history in terms of case shapes. I imagine that owning one of these rare shapes has become trendy... Best, Emmanuel