Christies auction today

[carnivor32]

https://www.christies.com/lotfinder/...1-65288b1eeb62

Isn't this pretty much the MSRP??

[carnivor32]

The realized price already includes the 25% Buyers premium

[lolo1972sg]

Looks like someone has a pretty good catch then. But current market outlook is bad and things can get worse. So...

[thomaspp]

results were super soft.

rather strong at Phillips the prior day.

But overall I am not bullish!

[agsstructures]

Everything went way under estimates

[Josh1000]

Fantastic day with fantastic prices, I am open to even more softening and will bring out the hoover

[toucan]

Crazy results , wish I was there, so different than the last two auctions.

[Josh1000]

Originally Posted by toucan

Crazy results , wish I was there, so different than the last two auctions.

Wish I HGHad bid on more pieces

[toucan]

Hope you did well!

[Josh1000]

Originally Posted by toucan

Hope you did well!

Both Christie's auctions this week been good to me

[YGRLX]

Is there a sellers premium or just buyers?

[deepakpopat]

Wow, a ton of items went lower than estimates.

https://www.christies.com/Lotfinder/...ot&language=en

Datograph for $32k...

[Josh1000]

Originally Posted by deepakpopat

Wow, a ton of items went lower than estimates.

https://www.christies.com/Lotfinder/...ot&language=en

Datograph for $32k...

Plus Buyers Premium makes it 40...

[Fat_ninja]

Originally Posted by deepakpopat

Wow, a ton of items went lower than estimates.

https://www.christies.com/Lotfinder/...ot&language=en

Datograph for $32k...

And what does that tell you?

[Murcielagoboy2]

WOW.
5711 and 5712 really hit bad... wow wow.

Edited to add - "Hit bad" is an understatement - they've been smashed.


Well it had to happen.

[Josh1000]

Originally Posted by Murcielagoboy2

WOW.
5711 and 5712 really hit bad... wow wow.

Edited to add - "Hit bad" is an understatement - they've been smashed.


Well it had to happen.

And blue to white premium narrowed

[Ichiran]

3700 for only 80k...

[Russell996]

Originally Posted by Ichiran

3700 for only 80k...

Only

[Josh1000]

Originally Posted by Russell996

Only

5711G over $106...bargain! 🤣🤣🤣

[Fat_ninja]

I feel poor again

[Ichiran]

Originally Posted by Russell996

Only

Yep. I recall another 3700 sold for 175k in HK Christie's. In May 2019.

[Ichiran]

Originally Posted by Josh1000

5711G over $106...bargain! ������

Looks very low for this reference (3711?). A bargain in 2018 and early 2019.

[deepakpopat]

Originally Posted by Josh1000

Plus Buyers Premium makes it 40...

When I viewed the results yesterday evening the realized price (which includes the buyers premium) was stating $32k however today it is stating $40k which is much more in line.

[BigAppleBill]

I don’t have a dog in this fight. A lot of us have been hopeful of a break in the fever of high prices we’ve seen for the past few years. I would say the Christie’s auction skewed to the low side, but I wouldn’t over exaggerate it as smashing or earthshaking. The slightly lower than expected interest may have been due to it being the third auction in three days following Sotheby’s and Phillips, which were mostly in line with expectations, aside from crazy speculative hype about the Nicklaus and Brando pieces.

For this Christie’s auction, apart from a couple of bargain prices for Lange pieces, it’s difficult to characterize this as a trend. I didn’t read the condition reports or view in person the pieces that went for a lower than expected bid. To keep things in perspective, for those few Patek references that came one bid short of the norm, the retail clients still had to pay an additional 8.875 sales tax on top of the listed price.

It does appear that dealers are less willing to chase certain models, perhaps because of well stocked inventories or perhaps mere fatigue. Maybe this signals a break in the craziness. But I would caution those eager to portray this one auction as the tipping point. We will have to wait for the Spring auctions in Geneva to make any real determinations. But we can hope.

[cascavel]

Originally Posted by Josh1000

5711G over $106...bargain! 🤣🤣🤣

Wasn't that a 3711?

[cascavel]

Originally Posted by carnivor32

https://www.christies.com/lotfinder/...1-65288b1eeb62

Isn't this pretty much the MSRP??

Slightly above. The hammer was $20K, $25K with tip. The two 5167/1a at Sotheby's with low estimates of $30K (and reserves of $28K) didn't sell.

[Josh1000]

Originally Posted by cascavel

Wasn't that a 3711?

Correct....my BAD

[Russell996]

Originally Posted by Ichiran

Yep. I recall another 3700 sold for 175k in HK Christie's. In May 2019.

But this piece is well worn, the dial looks terrible and it has no original papers and no box. Vintage 3700 pieces are all about the condition, original papers and Cork box.

[zahain]

Originally Posted by Russell996

But this piece is well worn, the dial looks terrible and it has no original papers and no box. Vintage 3700 pieces are all about the condition, original papers and Cork box.

What does someone call that dial? vintage gold or garbage?

[Ichiran]

Originally Posted by Russell996

But this piece is well worn, the dial looks terrible and it has no original papers and no box. Vintage 3700 pieces are all about the condition, original papers and Cork box.

The dial looks beautifully aged to me. There is an extract despite no original papers. Yeah that may affect value but you are looking at a hefty 50% discount without papers and box, for a watch sold in 1977. I don't think it is all that.

How much do you think this 3700 is worth then, if "only 80k" is an issue to you?

70k, or 60k? assuming you are looking at a lower figure. A 2018 5711 is 56k at the same auction.