I'm with Rich. Things will naturally level out.

Interestingly though I was offered a Heuer this morning with the inevitable caveat of 'one of these made £xxxx yesterday so I want the same'!!!!!

I politely declined and wished the owner well.

Thomas

: Hi Everyone,

: I am a long time 'lurker' and infrequent contributer but here is my
: penneth.

: I agree with Jeff and Richard and their comments, I was surprised
: at my own emotion at the time. (a combination of shock and
: sadness)

: I was standing next to Thomas L, we were quietly 'predicting'
: prices of the lots as they came up, and were of similar mind on
: most things, but at Pre-AH prices.

: In the end, I had to leave; as I found myself upset. Why is not yet
: clear to me, but I have seen hobby interests become 'investment
: vehicles' before and this auction as we all predicted has
: changed the game.

: I will be deeply sad, that a hobby I enjoy has moved away from
: affordable to elite.

: I can only hope that realism returns promptly so we can welcome new
: blood to the hobby, as I strongly believe it is this that drive
: the steady growth that enhances the brand.

: N.B. 49,400 GPB [77,500 USD] for a PVD anyone ?

: JFW