The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Reply
 
Thread Tools Display Modes
Old 27 August 2019, 01:26 AM   #61
Norbert
"TRF" Member
 
Norbert's Avatar
 
Join Date: Oct 2012
Location: Houston, Texas US
Posts: 469
Its fun to read posters projecting themselves as the buyer within their economic station. For example, I'm not buying something that I can't wear. lol. You think someone who drops $17m on anything thinks like this?
Norbert is offline   Reply With Quote
Old 27 August 2019, 01:28 AM   #62
Frank McKay
"TRF" Member
 
Frank McKay's Avatar
 
Join Date: Jul 2018
Location: Chicago
Posts: 1,650
Quote:
Originally Posted by Norbert View Post
Its fun to read posters projecting themselves as the buyer within their economic station. For example, I'm not buying something that I can't wear. lol. You think someone who drops $17m on anything thinks like this?
Frank McKay is offline   Reply With Quote
Old 27 August 2019, 01:32 AM   #63
Frank McKay
"TRF" Member
 
Frank McKay's Avatar
 
Join Date: Jul 2018
Location: Chicago
Posts: 1,650
If I bought the watch for 17M I would totally wear it every where, casinos, dive bars, etc. Hell some novice might even take a glance and say look at this guys beat up watch.
Frank McKay is offline   Reply With Quote
Old 27 August 2019, 01:58 AM   #64
1665fan
"TRF" Member
 
Join Date: Oct 2017
Location: East coast
Posts: 6,591
I heard it was bought for 17.8 and sold the next week to Saudi price for 5million more....that’s a good flip for sure
1665fan is offline   Reply With Quote
Old 27 August 2019, 02:50 AM   #65
GreatScott
"TRF" Member
 
Join Date: Jan 2018
Location: In a house
Posts: 836
I bought Paul Newman salad dressing instead.

Sent from my Pixel 2 XL using Tapatalk
GreatScott is offline   Reply With Quote
Old 27 August 2019, 02:52 AM   #66
bayerische
"TRF" Member
 
bayerische's Avatar
 
Join Date: Nov 2009
Real Name: Andreas
Location: Margaritaville
Watch: Smurf
Posts: 19,879
It was Rolex. Bought them publicity worth 100 million USD.
__________________
Yeah, well, you know, that's just, like, your opinion, man.
bayerische is offline   Reply With Quote
Old 27 August 2019, 03:06 AM   #67
calh22a
Banned
 
Join Date: Sep 2018
Location: California
Posts: 802
I must confess. I’m the one who purchased it. I purchased it for my butler to use as an egg timer. He makes the most splendid hard boiled eggs.
calh22a is offline   Reply With Quote
Old 27 August 2019, 03:10 AM   #68
dhknola
"TRF" Member
 
dhknola's Avatar
 
Join Date: Dec 2017
Location: New Orleans
Posts: 1,153
I think it was a total sham deal for Rolex publicity as well.
It was more about ABachs demonstrating his masterful marketing skills and for that I think he gets an A+; they had two rooms of full of eager bidders getting so excited to go up to X and less than ten seconds in, quashed the hopes of all assembled by getting to 10 million nearly instantly and taking the wind out of the wanna be owners who were ready to go up to maybe a few million and not letting anyone there "flex" in bidding wars.
New owner I think is Rolex or a billionaire collector we will really never know.
dhknola is offline   Reply With Quote
Old 27 August 2019, 04:30 AM   #69
Norbert
"TRF" Member
 
Norbert's Avatar
 
Join Date: Oct 2012
Location: Houston, Texas US
Posts: 469
Why would Rolex buy it and never tell anyone? That's crazy. If they bought it they surely would display it or take it on tour!
Norbert is offline   Reply With Quote
Old 27 August 2019, 04:33 AM   #70
zewill
"TRF" Member
 
Join Date: Jan 2011
Location: Montréal
Posts: 540
Quote:
Originally Posted by Norbert View Post
Why would Rolex buy it and never tell anyone? That's crazy. If they bought it they surely would display it or take it on tour!
Duh... It takes value away if they tell it's them.

You paint something as an moderately known artist.
Put it at auction.
Sells for 10 million.
Creates demand for your other pieces of art.

If you tell everyone 'Herp derp, it was me all along', i don't think people will take you seriously and value your art.

Maybe rolex bought it to restore it to a brand new watch. Change dial, case, strap, hands... :D
zewill is offline   Reply With Quote
Old 27 August 2019, 04:57 AM   #71
dtwer
"TRF" Member
 
dtwer's Avatar
 
Join Date: Oct 2011
Location: midwest
Watch: DJ 41
Posts: 1,474
With the way that watch looks, whoever wears it can pretty much go anywhere and be safer than another guy who wears a blingy, gold Invicta. It's the ultimate stealth wealth.
dtwer is offline   Reply With Quote
Old 27 August 2019, 05:08 AM   #72
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,230
Quote:
Originally Posted by bayerische View Post
It was Rolex. Bought them publicity worth 100 million USD.
Could also have been the under bidder too.
AK797 is offline   Reply With Quote
Old 27 August 2019, 05:53 AM   #73
Mr.Rolex1
Banned
 
Join Date: Apr 2019
Real Name: Mike
Location: San Diego, CA
Watch: Submariner
Posts: 1,197
Quote:
Originally Posted by GreatScott View Post
I bought Paul Newman salad dressing instead.

Sent from my Pixel 2 XL using Tapatalk
Mr.Rolex1 is offline   Reply With Quote
Old 27 August 2019, 06:51 AM   #74
Lemieux66
"TRF" Member
 
Lemieux66's Avatar
 
Join Date: Sep 2016
Real Name: Greg
Location: UK
Watch: $10 Casio
Posts: 521
I’d wear it if I really liked it, after all, we’re not here forever.
Lemieux66 is offline   Reply With Quote
Old 27 August 2019, 06:54 AM   #75
Futuristic
Banned
 
Join Date: Dec 2018
Location: panama city
Posts: 188
Guess he must be a flipper...
Futuristic is offline   Reply With Quote
Old 27 August 2019, 07:05 AM   #76
GB-man
2024 Pledge Member
 
GB-man's Avatar
 
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 36,860
Insane how many amazing pieces could have been bought instead. Steel 2499 etc. Only a pure investor or rolex would entertain the ask. A watch collector would rather buy several mint PN and vintage pateks etc for that coin me thinks.
__________________
GB-man is offline   Reply With Quote
Old 27 August 2019, 07:12 AM   #77
ilyknarf
"TRF" Member
 
ilyknarf's Avatar
 
Join Date: Aug 2019
Location: New York
Watch: Submariner Date
Posts: 15
Would definitely wear it everyday!
ilyknarf is offline   Reply With Quote
Old 27 August 2019, 07:17 AM   #78
Calatrava r
2024 Pledge Member
 
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,595
I would not be surprised if the watch looses a lot of value. 17 mil is really nuts for a watch that cost $150 new. I could see it selling again in the low millions or less when the watch market corrects which it will.
Calatrava r is offline   Reply With Quote
Old 27 August 2019, 07:35 AM   #79
Norbert
"TRF" Member
 
Norbert's Avatar
 
Join Date: Oct 2012
Location: Houston, Texas US
Posts: 469
Quote:
Originally Posted by zewill View Post
Duh... It takes value away if they tell it's them.

You paint something as an moderately known artist.
Put it at auction.
Sells for 10 million.
Creates demand for your other pieces of art.

If you tell everyone 'Herp derp, it was me all along', i don't think people will take you seriously and value your art.

Maybe rolex bought it to restore it to a brand new watch. Change dial, case, strap, hands... :D
Sure, because Rolex was hurting for publicity. I think the US government did the same thing with the moon landing. Staged it for PR.
Norbert is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

My Watch LLC

OCWatches

DavidSW Watches

Coronet

Takuya Watches

Bobs Watches

Asset Appeal


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.