that these funds use the auction prices as valuation for their portfolio, thus making their clients happy whether or not they realize that usually 25% is tacked on as commission on top?
Matt dial for what used to be the price of a not shabby Rolex 1675 Gilt. Where are these buyers coming from. I have many to sell call me. LOL It sold 3x the highest estimate in their range. This market seems really good? 225 ROLEX GMT-Master, 1675, Stainl...
that these funds use the auction prices as valuation for their portfolio, thus making their clients happy whether or not they realize that usually 25% is tacked on as commission on top?
.....what i find interesting is that after the auctions, the dealers all argue that they will not pay "auction prices" as these are not realistic selling prices. Yet, on the other hand, many of these dealers represent clients who they act for, actively bu...
...be a dump too. Also a loads of cash being repatriated/reallocated out of numbered swiss a/c into other channels. Geneva Auction is being used as a front to transfer swiss cash-commodity-cash. If Swiss ban the 1000 franc bank note, share another few 100...