Quote:
Originally Posted by chocopeluche
To be fair, I initially thought it was double markup, but the strike price doesn’t include auction fees which are 25%, or shipping/customs which might be expensive because of its high value.
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Actually, "Price realized" includes the buyer's premium. Even if you want to go crazy with shipping costs, let's call that $500. I did a search to determine the import duties and/or any taxes that might be payable. It appears from the auction listing that when it was sold, the watch was still with the original family (ie: in Saudi). I am not sure what you'd pay in that case, but import duties in the USA are some of the lowest in the world (typically around 3%).
The final cost would be nowhere near the current asking price. This is a niche watch, and I wish them luck getting that price.