Economy starting to affect Vintage Rolex as well

[Reborn]

In the recently concluded Christie's auction in HK, price of the 1675 GMT for instance was around SGD 5k something.

I think we are about to see a downward trend....

[problmchylde]

To me , that's good news.Back to the good old days, time to pick up a 1655, another 1665, a gilt 5513, Hopefully a milsub or comex.

[Destro22BT]

it's gonna be a MAJOR price correction for all watch prices that had been inflated since last year. As of now.... cash is KING!

[Reborn]

agree, I am hoping to pick up some at reasonable rates

To me , that's good news.Back to the good old days, time to pick up a 1655, another 1665, a gilt 5513, Hopefully a milsub or comex.

yep.

[116520]

When is the next HK auction? Time to buy!!!

[Reborn]

next one is at New York City I think

When is the next HK auction? Time to buy!!!

useful to monitor whether this is a consistent trend.....

[116520]

BTW, how reliable are these auctions? do they give warranty like 2nd hand dealers? It is very hard to judge a watch just based on its appearance... what if I bought a rolex from this auction and got rejected by our dear RSC???

just TCSS....

useful to monitor whether this is a consistent trend.....

[Reborn]

I think warranty only on authenticity

BTW, how reliable are these auctions? do they give warranty like 2nd hand dealers? It is very hard to judge a watch just based on its appearance... what if I bought a rolex from this auction and got rejected by our dear RSC???

just TCSS....

when they grade the watches, they have specifications such as "needs servicing etc". So there is certainly a degree of "risk" in that the piece you are getting may need a major overhaul.....

rejection by RSC - haha - can happen - especially if you go there too often......I think you know what I mean

[116520]

so must buy coffee for those aunites at RSC... ha ha...

Also, I heard that the commission for those auction houses is around 20%....

[sunzhi]

talking about auctions, has anyone bought from the auctions by Dovebid or Borobudur?

[Reborn]

116520, you are certainly a seasoned collector

so must buy coffee for those aunites at RSC... ha ha...

Also, I heard that the commission for those auction houses is around 20%....

based on your latest remark. must put two hands together and say "respect respect" like in the old kungfu movies.

yes, I think there is a charge, probably around 20%. But the site that Osvaldo Patrizzi just started I hear does not charge commission.