Quote:
Originally Posted by enjoythemusic
You guy do know there are ~$20k repeaters and obviously the Tag Tourbillion. I have a feeling the point being these very old technologies are not that expensive to implement nowadays. As for the quality of implementation or perceived value of using that technology within a timepiece, that is another matter entirely. There is quite a bit of perception that seems to go into the pricing of luxury goods. If the confidence of perceived value is reduced it can negatively affect the pricing of a luxury goods manufacturer's products on both the new and used market.
Think of it like the assumed value/buying power of goods and services of a FIAT currency, there is a known factor of keeping the confidence game going to the masses. Perhaps this is why some manufacturers like to bid quite highly on their used pieces. It keeps the perception going.
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Well said.
Just like Abby Rosen, Stevie Cohen and the gang constantly bid up prices of some contemporary "artists" like Koons and Basquiat. The cohort own a majority of works and it's in their self interest to keep prices up to place an even higher value on their collections. If people opened their eyes and saw what rubbish Basquiats really are, these gents would each take write downs in excess of $100 -$200m. And don't get me started on Koons.