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LarsFS · 15 August 2019, 07:25 AM

I paid attention to the auction by Wilsons today, which was no-reserve and had a few interesting pieces (DJ41 wimbeldon, 116505 and a 360 Modena). Neither watch came with box nor papers. I had some hope that the 116505 could be had at a solid discount, but it ended up selling around GBP 20k, which, when you add the 20% buyer's premium and 24% VAT (on buyers premium), ends up being around $30k. I figured there was only a small chance I'd be able to buy it at a decent price, but I was surprised to see it sell for that much, given its ... provenance.

(the 360 went for around $50k, if I recall correctly).

Did anyone else here see this? I guess I'm kind of shocked that anyone would pay that much, considering what you could have a complete set for here on TRF, from reputable sellers.

https://www.wilsonsauctions.com/medi...ort-aug-19.pdf

SpiritSoul · 16 August 2019, 12:17 AM

is this a failed popstars stash up for auction?

2001jesper · 16 August 2019, 01:10 AM

The most random lot I have ever seen

ian.thomas · 16 August 2019, 01:32 AM

Quote:

Originally Posted by SpiritSoul

is this a failed popstars stash up for auction?

Was thinking the same. The whole auction appears to be a rap star starter-kit.

Anton911 · 16 August 2019, 01:59 AM

I live in that area.
It was a proceeds of crime auction,items from a drug dealers I’ll gotten gains!
Quite the contrary,makes the items more valuable because of the provenance.

ian.thomas · 16 August 2019, 03:00 AM

Quote:

Originally Posted by Anton911

Quite the contrary,makes the items more valuable because of the provenance.

That's debatable.

"FS: Used Gold Rolex Daytona.
No Box

No Papers

Purchased at govt auction

Former owner was a local drug dealer; currently an inmate

Asking above MSRP because of provenance noted above."

Sandpit · 16 August 2019, 03:14 AM

It screams out UK drug dealer

DPE · 16 August 2019, 03:46 AM

Quote:

Originally Posted by Sandpit

It screams out UK drug dealer

It tells you that in the write up at the start of the catalogue. It says it is from a UK Polce Drug raid etc...

LarsFS · 17 August 2019, 02:37 AM

I just can't understand why the Daytona fetched that amount. But maybe to some, its provenance was actually worth something. I don't think there'd be an issue sourcing one of these watches here on the forum in a complete kit, for the same, or marginally more, amount of money.

Most of the items were an absolute riot. I know style is individual, but...

15 August 2019, 07:25 AM	#1
LarsFS "TRF" Member Join Date: Jan 2011 Location: NY,NY Posts: 81	Auction in England I paid attention to the auction by Wilsons today, which was no-reserve and had a few interesting pieces (DJ41 wimbeldon, 116505 and a 360 Modena). Neither watch came with box nor papers. I had some hope that the 116505 could be had at a solid discount, but it ended up selling around GBP 20k, which, when you add the 20% buyer's premium and 24% VAT (on buyers premium), ends up being around $30k. I figured there was only a small chance I'd be able to buy it at a decent price, but I was surprised to see it sell for that much, given its ... provenance. (the 360 went for around $50k, if I recall correctly). Did anyone else here see this? I guess I'm kind of shocked that anyone would pay that much, considering what you could have a complete set for here on TRF, from reputable sellers. https://www.wilsonsauctions.com/medi...ort-aug-19.pdf

16 August 2019, 12:17 AM	#2
SpiritSoul "TRF" Member Join Date: Oct 2018 Location: Planet Earth Watch: Casio A500 Posts: 239	is this a failed popstars stash up for auction?

16 August 2019, 01:10 AM	#3
2001jesper "TRF" Member Join Date: Jan 2017 Real Name: Jesper Location: Earth Watch: 116234 Posts: 1,644	The most random lot I have ever seen

16 August 2019, 01:59 AM	#5
Anton911 Banned Join Date: Mar 2019 Location: Uk Watch: Daytona,hulk Posts: 302	I live in that area. It was a proceeds of crime auction,items from a drug dealers I’ll gotten gains! Quite the contrary,makes the items more valuable because of the provenance.

16 August 2019, 03:14 AM	#7
Sandpit "TRF" Member Join Date: Jan 2018 Location: Middle East Posts: 1,809	It screams out UK drug dealer

17 August 2019, 02:37 AM	#9
LarsFS "TRF" Member Join Date: Jan 2011 Location: NY,NY Posts: 81	I just can't understand why the Daytona fetched that amount. But maybe to some, its provenance was actually worth something. I don't think there'd be an issue sourcing one of these watches here on the forum in a complete kit, for the same, or marginally more, amount of money. Most of the items were an absolute riot. I know style is individual, but...

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