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exador · 18 April 2018, 05:23 AM

This rather tatty 5065 sold for £30,000 (including commission) overnight at Sotheby's. What am I missing?

http://www.sothebys.com/en/auctions/...3/lot.176.html

Chasseur · 18 April 2018, 06:29 AM

Great new

rolexgiants · 18 April 2018, 06:30 AM

Quote:

Originally Posted by exador

This rather tatty 5065 sold for £30,000 (including commission) overnight at Sotheby's. What am I missing?

http://www.sothebys.com/en/auctions/...3/lot.176.html

Wow. Lol. What’s a 5167 worth?

RussW · 18 April 2018, 07:12 AM

Quote:

Originally Posted by Chasseur

Great new

I wonder what that would have gone for with a 324 movement

subtona · 18 April 2018, 07:17 AM

Owned by ringo?

Daytonaman799 · 18 April 2018, 07:50 AM

Thats just nuts...

Toony · 18 April 2018, 08:37 AM

Insane. What’s going on.

jon_jon · 18 April 2018, 09:45 AM

Probably an extension of the SS Patek sports watch madness we have been seeing over the past couple of years.

exador · 18 April 2018, 10:34 AM

Quote:

Originally Posted by jon_jon

Probably an extension of the SS Patek sports watch madness we have been seeing over the past couple of years.

Yeah but when you can get a mint examples with B&P for £14K on Chrono24 it's just nonsensical

Jay (Eire) · 18 April 2018, 11:03 AM

Always odd results at auction. I don't follow PP at auction closely but I do follow other brands closely. Plenty of example of regular production pieces that are not particularly scarce going well above retail.

From my experience as a bidder no KYC / AML is completed by the auction houses. Seems like a great way to wash some bad cash and so my only explanation for some of these crazy prices is exactly that. It maybe a stretch, I say it half jokingly.

exador · 18 April 2018, 11:48 AM

Quote:

Originally Posted by Jay (Eire)

Always odd results at auction. I don't follow PP at auction closely but I do follow other brands closely. Plenty of example of regular production pieces that are not particularly scarce going well above retail.

Yep. How about a Rolex 1675 for £85K

http://www.sothebys.com/en/auctions/...3/lot.164.html

patek2301 · 18 April 2018, 12:10 PM

the prices are really weird.

I dont think they are accurate

thomaspp · 18 April 2018, 12:23 PM

Quote:

Originally Posted by exador

Yep. How about a Rolex 1675 for £85K

http://www.sothebys.com/en/auctions/...3/lot.164.html

Nice watch that one! PCG exclamation with a nice case and tropical dial. Bravo

Sent from my iPhone using Tapatalk

GB-man · 18 April 2018, 01:16 PM

Sometimes I think people who buy watches at auction are on crack. Except Roger lol nice deal on that split.

jon_jon · 18 April 2018, 10:27 PM

Quote:

Originally Posted by exador

Yeah but when you can get a mint examples with B&P for £14K on Chrono24 it's just nonsensical

I suppose auction bidding is often more emotional than rational, with many final hammer prices a lot higher than the estimates.

dc98354 · 19 April 2018, 12:55 AM

Money laundering?

dysondiver · 19 April 2018, 01:07 AM

crazy

eco8gator · 19 April 2018, 02:11 AM

I hope Patek collector desirability ends up like Rolex. There seems to be more love for the older smaller sports stuff in the Rolex lineage vs Patek.

I think this 5065 is cool though I am leaning towards someone overpaying for this one... but considering what smaller Rolex watches like the 1019 go for nothing surprised me these days.

dannyp · 27 April 2018, 05:40 AM

...

dannyp · 27 April 2018, 06:28 AM

I don't know what exactly this means, but I think I figured it out:

The movement in this one is a cal. 315/190, much like this one, which also went for well above the estimate:

http://www.sothebys.com/en/auctions/.../lot.2020.html

I thought I read that the majority of 5065 models were fitted with the 315/290, so perhaps the "190" version is rarer? Again, not sure what this might mean...

Wahlberg · 27 April 2018, 06:34 AM

Quote:

Originally Posted by GB-man

Except Roger lol nice deal on that split.

What did I miss? What happened?

18 April 2018, 05:23 AM	#1
exador Banned Join Date: Dec 2014 Location: NZ Posts: 2,600	PP 5065 Auction Result This rather tatty 5065 sold for £30,000 (including commission) overnight at Sotheby's. What am I missing? http://www.sothebys.com/en/auctions/...3/lot.176.html

18 April 2018, 07:17 AM	#5
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 25,995	Owned by ringo? __________________

18 April 2018, 01:16 PM	#14
GB-man 2024 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 36,859	Sometimes I think people who buy watches at auction are on crack. Except Roger lol nice deal on that split. __________________

18 April 2018, 06:29 AM	#2
Chasseur "TRF" Member Join Date: Jun 2013 Real Name: John Location: Somewhere Posts: 1,077	Great new

18 April 2018, 07:50 AM	#6
Daytonaman799 2024 Pledge Member Join Date: Aug 2012 Location: NYC/South Fl Watch: Rolex, Patek Posts: 3,505	Thats just nuts...

18 April 2018, 08:37 AM	#7
Toony "TRF" Member Join Date: Apr 2013 Real Name: Tony Location: Gatchaman Posts: 1,873	Insane. What’s going on.

18 April 2018, 09:45 AM	#8
jon_jon "TRF" Member Join Date: Mar 2009 Location: USA Posts: 4,341	Probably an extension of the SS Patek sports watch madness we have been seeing over the past couple of years.

18 April 2018, 11:03 AM	#10
Jay (Eire) 2024 Pledge Member Join Date: Jul 2010 Real Name: @jb.watching Location: NYC Posts: 1,469	Always odd results at auction. I don't follow PP at auction closely but I do follow other brands closely. Plenty of example of regular production pieces that are not particularly scarce going well above retail. From my experience as a bidder no KYC / AML is completed by the auction houses. Seems like a great way to wash some bad cash and so my only explanation for some of these crazy prices is exactly that. It maybe a stretch, I say it half jokingly.

18 April 2018, 12:10 PM	#12
patek2301 "TRF" Member Join Date: Apr 2018 Real Name: Abe Location: South East Asia Posts: 129	the prices are really weird. I dont think they are accurate

19 April 2018, 12:55 AM	#16
dc98354 "TRF" Member Join Date: Jul 2014 Location: Back in HK Posts: 110	Money laundering?

19 April 2018, 01:07 AM	#17
dysondiver "TRF" Member Join Date: Jul 2010 Real Name: tom Location: northern ireland Watch: my fins Posts: 10,063	crazy

19 April 2018, 02:11 AM	#18
eco8gator "TRF" Member Join Date: Nov 2013 Location: Florida Watch: 5060/a Posts: 1,119	I hope Patek collector desirability ends up like Rolex. There seems to be more love for the older smaller sports stuff in the Rolex lineage vs Patek. I think this 5065 is cool though I am leaning towards someone overpaying for this one... but considering what smaller Rolex watches like the 1019 go for nothing surprised me these days.

27 April 2018, 05:40 AM	#19
dannyp Banned Join Date: Aug 2009 Location: usa Posts: 6,765	...

27 April 2018, 06:28 AM	#20
dannyp Banned Join Date: Aug 2009 Location: usa Posts: 6,765	I don't know what exactly this means, but I think I figured it out: The movement in this one is a cal. 315/190, much like this one, which also went for well above the estimate: http://www.sothebys.com/en/auctions/.../lot.2020.html I thought I read that the majority of 5065 models were fitted with the 315/290, so perhaps the "190" version is rarer? Again, not sure what this might mean...

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