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And Now, the So-Called After-Sale Offerings

So now, a couple of days after this awful auction, we see Watches of Knightsbridge listing the unsold watches on Chrono24. How bizarre.

You have to wonder why they used "Price on Request" for some of these. The Carrera re-issue (on the top row) is close to a commodity watch; check eBay just about any time, and you can get a good sense of the fair market value.

What a strange thing this auction business can be, particularly when you drop down into the middle-tier auction houses.



: Here are the final results, which show 11 watches sold and 15
: that were not sold --

: In terms of explaining so many unsold lots -- Perhaps some problems
: in setting the reserves; by the time you add on the 24% buyers
: premium, some of the low estimates were just too high. It goes
: back to the question of why someone would buy a very common
: watch (Say, Heuer Autavia "Viceroy", where there is a
: 24% premium being added. Plenty of these watches on eBay or
: other more efficient markets.

: Generally, however, these watches looked nice and the estimates
: seemed OK.

: Jeff

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