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Old 14 October 2020, 01:04 PM   #31
chiscott_29
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Who's going to come out and claim this isn't a bubble now?

Huh?

Where you at? :)
I hear what you're saying, but I am not sure we should conflate a market bubble with potential nefarious activity. And by nefarious activity I mean washing money (possible), the brands making purchases to fuel the hype (doubtful), or a well-capitalized dealer fueling the secondary hype (most likely, IMO).

The market price is well below these purchase levels, and that was the same with auction results earlier in the year. Whatever is happening, it stinks. It's going to bring down the entire house of cards. It is turning off more and more people I fear...
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Old 14 October 2020, 01:57 PM   #32
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My (little) money is on the brand “marketing” spend. Wouldn’t be the first time. Wouldn’t be the last. See how it gets everyone excited and free PR results.
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Old 14 October 2020, 11:07 PM   #33
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My (little) money is on the brand “marketing” spend. Wouldn’t be the first time. Wouldn’t be the last. See how it gets everyone excited and free PR results.
Are you saying PP is getting very desperate for any good PR? Makes sense too, other than as a way for one party (the seller) to 'legally' send bribe money to another (the buyer) with the auction has as their laundering service.
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Old 14 October 2020, 11:26 PM   #34
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This is what I said early in this thread

Quote:
Originally Posted by sgwatchguy View Post
My (little) money is on the brand “marketing” spend. Wouldn’t be the first time. Wouldn’t be the last. See how it gets everyone excited and free PR results.
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Old 14 October 2020, 11:31 PM   #35
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I doubt it is money laundering. This was discussed on another thread. It is more likely Patek up bidding to keep the value of the brand inflated. Perhaps more effective and less costly than classical advertising campaigns

+1
Better outcome from this type of spend since it boosts a single reference plus the brand aura
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Old 15 October 2020, 12:04 AM   #36
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Maybe it was just an auction where two buyer were caught up in auction fever- realistically that’s what happened. :-)) imo james in San Antonio Tx
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Old 15 October 2020, 12:28 AM   #37
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Reality is that it was most likely someone that got hyped up and got excited during the sale.

Anyone who's ever been to an auction whether online or in person knows that sometimes buyers get excited and bid happy and the book on valuation goes out the window. Doesn't mean it's actually representative of the true value just means one person was willing to pay it - typically these get excluded when looking at sale transaction price points as they are outliers.


Perhaps the buyer just had a big windfall etc etc
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Old 15 October 2020, 02:45 AM   #38
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I don’t buy it. Just typing Patek 5990 into google will net you the opportunity to buy it for 96k obo from watchbox. We all know market price is below that. Dealer pumping is my guess. This seems silly for Patek as their sports pieces are already burning hot.
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Old 15 October 2020, 10:31 PM   #39
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This is what I said early in this thread
and I said even earlier
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