i will take the other side of this Panerai analogy all day long. . the fact is now that prices have come up there are very, very few good examples coming up for auction. so we are in a bit of a downward spiral -- no good watches offered, poor prices for poor examples, and it continues.

great rare examples are still getting very good prices. . nothing else is worth close to what people were asking a few months ago

my prediction is it will settle out and we will get a one owner all original example and it will pop back close to the high prices

the truly rare heuers from the 60s are just too good to stay down long. the problem is that 90% of what is for sale is mediocre or not rare

you are seeing a similar bifurcation between quality and the rest in other watch brands, art, etc

always always pay more for the best example. .there is usually no price too high for the best example and no price low enough for a mediocre example

my 2 cents

: Article by SJX about the auction results from Geneva. Small mention
: of Heuer:

: “While the vintage Daytona market is taking a breather, the
: market for vintage Heuer has gone on holiday – likely to the
: same destination where vintage Panerai has been for some time.

: Prices for vintage Heuer spiralled upwards rapidly from 2015 to
: late 2016, accompanied by breathless headlines, but the category
: achieved middling to poor results at all auction houses this
: season. The Abercombie & Fitch Seafarer at Sotheby’s went
: unsold despite a low estimate of just SFr10,000, less than half
: of what it would have sold for two years ago.”

:
: http://watchesbysjx.com/2018/11/takeaways-geneva-auction-nov-2018.html