I hear everything everyone is saying. I agree with the parabolic run-up leading to very bad behavior leading to a needed correction leading to today

That said. . it is still surprising that an auction house would not accept a decent (albeit not a++) 60s manual wind heuer

in contract, christie's is willing to auction these

https://omegaforums.net/threads/speedmasters-in-christies-online-finishing-today.91361/

And there are a zillion other examples of truly godawful watches getting auctioned all the time

I think the question is whether the market was burnt badly enough that people will just stay away or whether people will come back

My bet is the 60s carreras will lead us back. . .

: As always, Abel has provided an excellent assessment of what
: happened over the last few years and where the market is today.
: Thank you for this posting, Abel.

: And if Abel Court say that the market is healthy, then I breathe
: easier believing that he is correct.

: We saw crazy things starting in Spring 2016 (bizarre auction
: results) through Fall 2017 (Heuer Parade), and now we continue
: in the recovery phase . . . 16 months later.

: And, yes, it's a good feeling to be able to buy some watches again,
: even if the market for selling is not there, at least not for
: me. I believe that the best of the vintage Heuers remain in
: "strong hands", and will not be dumped in the current
: market. It is the worst watches, in the hands of ignorant
: dealers and auction houses, that get dumped and make the market
: so ugly.

: Jeff

: ++++++++++++++++++++++++++++++++++