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fwhawk · 24 September 2018, 12:32 AM

Christie's online watch auction ended a day or so ago and a 5711 blue dial from 2012 sold for $52,500.

uniqueMR · 24 September 2018, 12:51 AM

Interesting ..

tchaic · 24 September 2018, 02:16 AM

With fees or plus fees?

thomaspp · 24 September 2018, 02:57 AM

A bargain lol

Sent from my iPhone using Tapatalk

cascavel · 24 September 2018, 04:08 AM

Does that mean that the bubble is inflating or crashing? Or is this another example of the market being manipulated? I am totally confused.

fwhawk · 24 September 2018, 01:37 PM

I assume the price was with fees. $50,000 plus seemed like a milestone to me, but maybe I'm out of the loop.

grimani · 24 September 2018, 05:37 PM

Price includes buyer’s premium

tchaic · 24 September 2018, 08:37 PM

Thanks. Big number but it is a great watch.

1William · 24 September 2018, 09:13 PM

If it went for 50k the bubble is intact.

jfriedkin · 24 September 2018, 10:10 PM

There are several more 5711, 5712 coming up for auction in the next 30 days. My Guess is they will all go WAY over estimate of 30-40K.

ARNON · 25 September 2018, 03:00 AM

A fool and his money soon parted.

Mr.WorldTimer · 25 September 2018, 03:05 AM

Also have to keep in mind it was an online auction. They tend to perform a lot worse than regular auctions.

B01fan · 25 September 2018, 05:08 AM

Unless Christie’s waived the seller’s commission or had some other kind of arrangement, the seller presumably received only mid-to-high 30s.

For ultra-desirable art I believe the auction houses often agree to waive the seller’s commission, and sometimes even to share part of the buyer’s commission with the seller. If any wristwatch could cause them to do that these days, it’s probably the steel 5711.

tom2517 · 25 September 2018, 11:43 AM

Quote:

Originally Posted by B01fan

Unless Christie’s waived the seller’s commission or had some other kind of arrangement, the seller presumably received only mid-to-high 30s.

For ultra-desirable art I believe the auction houses often agree to waive the seller’s commission, and sometimes even to share part of the buyer’s commission with the seller. If any wristwatch could cause them to do that these days, it’s probably the steel 5711.

I doubt Christies would waive seller fees for a 5711.

GB-man · 25 September 2018, 12:48 PM

Quote:

Originally Posted by tom2517

I doubt Christies would waive seller fees for a 5711.

No kidding

fwhawk · 25 September 2018, 02:32 PM

The big auction houses do generally take a big chunk from both seller and buyer. The bottom line is that someone paid $52,500 from 2012. That number caught my eye!

fwhawk · 25 September 2018, 02:33 PM

That should have been "$52,500 for a 2012". Sorry.

B01fan · 26 September 2018, 12:34 AM

Then it sounds like the buyer overpaid for a six-year old 5711 (compared to going to a dealer) but the seller got hosed even more - seems odd to offload a hot reference this way.

GB-man · 26 September 2018, 01:49 AM

Quote:

Originally Posted by B01fan

Then it sounds like the buyer overpaid for a six-year old 5711 (compared to going to a dealer) but the seller got hosed even more - seems odd to offload a hot reference this way.

Yes selling via an auction house makes no sense unless you have a monumental piece that can benefit and afford a marketing campaign.

AK797 · 26 September 2018, 01:56 AM

Buyer's Premium is up to 25%, a waste on such a low ticket lot.

gpond888 · 26 September 2018, 12:48 PM

Question: How does Christie charge for seller premium and buyer premium?

GB-man · 26 September 2018, 02:20 PM

Quote:

Originally Posted by gpond888

Question: How does Christie charge for seller premium and buyer premium?

Easy they fill a room with rich people and tell them to pay.

R!$ · 27 September 2018, 02:21 AM

Quote:

Originally Posted by ARNON

A fool and his money soon parted.

+1

jfriedkin · 28 September 2018, 08:11 PM

This sold yesterday....
https://auctions.fortunaauction.com/...7121a-in-steel

24 September 2018, 12:32 AM	#1
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	Christie's Online Auction Christie's online watch auction ended a day or so ago and a 5711 blue dial from 2012 sold for $52,500.

24 September 2018, 12:51 AM	#2
uniqueMR 2024 Pledge Member Join Date: May 2018 Location: USA Watch: P A T E K Posts: 4,694	Interesting .. __________________ A. Lange & Sohne \| Audemars Piguet \| F.P.Journe \| Omega \| Patek Philippe \| Rolex \| Tudor \| ...and Othersss

24 September 2018, 02:57 AM	#4
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,136	A bargain lol Sent from my iPhone using Tapatalk __________________ Instagram: @watches_anonymous

25 September 2018, 03:00 AM	#11
ARNON "TRF" Member Join Date: Aug 2008 Real Name: Noni Location: Area 51 Posts: 18	Foolish A fool and his money soon parted. __________________

24 September 2018, 02:16 AM	#3
tchaic "TRF" Member Join Date: Sep 2015 Real Name: Chris Location: USA Watch: Tag Heuer 2000 Posts: 490	With fees or plus fees?

24 September 2018, 04:08 AM	#5
cascavel 2024 Pledge Member Join Date: Jul 2018 Location: Santa Fe Posts: 1,852	Does that mean that the bubble is inflating or crashing? Or is this another example of the market being manipulated? I am totally confused.

24 September 2018, 01:37 PM	#6
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	I assume the price was with fees. $50,000 plus seemed like a milestone to me, but maybe I'm out of the loop.

24 September 2018, 05:37 PM	#7
grimani "TRF" Member Join Date: Sep 2018 Location: AD Posts: 32	Price includes buyer’s premium

24 September 2018, 08:37 PM	#8
tchaic "TRF" Member Join Date: Sep 2015 Real Name: Chris Location: USA Watch: Tag Heuer 2000 Posts: 490	Thanks. Big number but it is a great watch.

24 September 2018, 09:13 PM	#9
1William 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 44,652	If it went for 50k the bubble is intact.

24 September 2018, 10:10 PM	#10
jfriedkin "TRF" Member Join Date: Sep 2014 Real Name: James Location: chicago Watch: AP, PP Posts: 338	There are several more 5711, 5712 coming up for auction in the next 30 days. My Guess is they will all go WAY over estimate of 30-40K.

25 September 2018, 03:05 AM	#12
Mr.WorldTimer "TRF" Member Join Date: Sep 2018 Location: no fixed location Posts: 72	Also have to keep in mind it was an online auction. They tend to perform a lot worse than regular auctions.

25 September 2018, 05:08 AM	#13
B01fan "TRF" Member Join Date: Apr 2013 Location: World traveler Posts: 95	Unless Christie’s waived the seller’s commission or had some other kind of arrangement, the seller presumably received only mid-to-high 30s. For ultra-desirable art I believe the auction houses often agree to waive the seller’s commission, and sometimes even to share part of the buyer’s commission with the seller. If any wristwatch could cause them to do that these days, it’s probably the steel 5711.

25 September 2018, 02:32 PM	#16
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	The big auction houses do generally take a big chunk from both seller and buyer. The bottom line is that someone paid $52,500 from 2012. That number caught my eye!

25 September 2018, 02:33 PM	#17
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	That should have been "$52,500 for a 2012". Sorry.

26 September 2018, 12:34 AM	#18
B01fan "TRF" Member Join Date: Apr 2013 Location: World traveler Posts: 95	Then it sounds like the buyer overpaid for a six-year old 5711 (compared to going to a dealer) but the seller got hosed even more - seems odd to offload a hot reference this way.

26 September 2018, 01:56 AM	#20
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,219	Buyer's Premium is up to 25%, a waste on such a low ticket lot.

26 September 2018, 12:48 PM	#21
gpond888 "TRF" Member Join Date: Sep 2018 Location: SG Posts: 7	Question: How does Christie charge for seller premium and buyer premium?

28 September 2018, 08:11 PM	#24
jfriedkin "TRF" Member Join Date: Sep 2014 Real Name: James Location: chicago Watch: AP, PP Posts: 338	This sold yesterday.... https://auctions.fortunaauction.com/...7121a-in-steel

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