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Agreed: Not Even Close to Omegamania

I had forgotten just how high some of the Omegamania prices had been; twice or three times the prevailing market price was fairly common, and we did see the freakish 10x sales prices. There was so much hype and publicity for Omegamania, with its world tour and celebrity appearances, that some collectors were determined to buy something in the auction . . . almost like leaving the big party with a nice "favor".

Nothing like that for this Patrizzi auction; maybe a couple of 2X sales; nothing approaching a 10X . . . still, a nice debut for Heuer in the current auction market.

Jeff

++++++++++++++++++++++++++++++++++++++++++++++

: I really don't have the expertise to be able to comment except
: perhaps on lots 100 and 101, the Heuer Bund chronos. Both
: appeared legit, and both went at about 1.5x-2x of what I would
: call the "market" price. As premier auctioneers
: commonly fetch premium pricing anyway and relatively speaking
: the actual margin is not all that significant, I have to say I'm
: not all that shocked by either figure.

: As far as the "Omegamania Effect" I'm not sure I see that
: happening. Omegamania pricing was in some cases hugely
: outrageous (10-20x market on a few lots). I don't think I really
: saw any of that happening here.

: Omegamania also had a huge media blitz, with commercials on CNN and
: even the manufacturer itself promoting the sale. People who
: hadn't even heard of Omega were aware of that sale; didn't
: happen here.

: I'd hazard a guess as well that many of the buyers over the weekend
: might not often be in the Heuer market otherwise, and as such
: might not exert upward pressure on pricing in the future.

Messages In This Thread

Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Welcome, Ita . . . We Love the Celebrity Visits ! ! !
Re: Welcome, Ita . . . We Love the Celebrity Visits ! ! !
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Creating the event, and its value
Agree About the HUGE Single Photos
Amongst the Carreras
Re: Amongst the Carreras
Re: Patrizzi Auction Results: Three Simple Questions
Yes, We Keep Hearing About the Technical Issues
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
I Keep Hearing About the Speed of this Auction
Re: I Keep Hearing About the Speed of this Auction
Re: Patrizzi Auction Results: Three Simple Questions
Two Daytonas: Shockers / Stars (??) of the Auction
Jeff, check out WBAW..$ followed by a "3"..... *NM*
an X File perhaps...
. . . or Maybe the Y Chronosomes
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Re: Patrizzi Auction Results: Three Simple Questions
Hi Ita and welcome! 1965 impossible!
Re: Hi Ita and welcome! 1965 impossible!
Re: Hi Ita and welcome! 1965 impossible!
Lot 32: The "Last Monaco"; Sold at 5,400 Euro
Re: Concur...
Re: Patrizzi Auction Results: Three Simple Questions
Agreed: Not Even Close to Omegamania
Current Position
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