consider this....
the buyer may currently hold multiple watches of this type, or associated genre, and by purchasing one poor quality watch he has immediately reset the value of those watches in the watch community's mind!
This type of thing occurs all the time in the art world.
: One of our grails was put up on the block today... seems like many
: of you were watching. Damaged dial but still went for £19,000
: (before premium). Estimate was hilariously low at 400-800 but
: still. Thoughts?
:
: https://www.the-saleroom.com/en-gb/auction-catalogues/fellows-and-sons/catalogue-id-srfel10285/lot-ab010a38-4ac0-436e-a7f9-a6bb00f41478