There is no indignation on my part . . . and certainly no surprise . . . but I am very interested in the offering of these Limited Edition watches, and the market dynamics that come into play.

The IPO analogy seems relevant to me. Underwriters try to price the offering / place the shares so that the initial investors make some money over the long term, but the bankers do not want to leave too much money on the table (and they do not want to see too much flipping). They try to sell to the "strong hands" who can become long-term investors.

Jurgen -- apology accepted, but I sometime wonder why you are so negative? Is it the increase in prices? Some change in the community? It seems that every topic evokes a negative reaction from you. Time for a new hobby (or at least stay away from the social media relating to the watches, if it makes you so miserable)?

Jeff

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

: The offering for Hodinkee's Skipper coincided with the lunch break
: of Christie's NY auction. Possibly all of those 125 pieces were
: available for the online offer, and possibly the NYC attendees
: only had the advantage of hearing about it in a timely manner.
: Fact is that it quickly sold out. Car manufacturers/-dealers
: play the same game.

: I don't understand the indignant surprise about the opportunists
: who flip their grab.

: Jurgen