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d11n · 24 April 2020, 02:58 PM

crazy to see bids....some of my favorites quickly becoming out of reach.

https://www.sothebys.com/en/buy/auct...lock?locale=en

GreenLantern · 24 April 2020, 05:12 PM

I've already been priced out. Sadly early brass movement T's got into absurd pricing territory in November, and haven't stopped since, even with the turmoil in the world. (I'm not even going to touch the R's.)

Should've picked one up when I could've at $125k a year+ back. :(

Swaye · 24 April 2020, 07:26 PM

Lots of folks talk about how Govberg is manipulating the market, but these auctions (with super strong results) in Asia are what are really driving the market, and pricing, in my mind.

edit: Not disagreeing that Govberg does have large power on the market, but I believe their pricing has always been reflective of auction results. Especially when you consider many of the FPJ they sell via Watchbox are sold in Asia. When they saw large prices being realized at auction (started just last November), they bought up what they could and moved prices up more inline with those results. Remains to be seen how long demand stays up and high prices can be sustained. And as others have said, you are really only seeing high prices on the CB, and a bunch of discontinued stuff (Ruthenium, brass, Resonance and lately the Centigraphe).

Collector2019 · 25 April 2020, 03:24 PM

Some greys cornering the market, and it’s doable with such low production numbers 800/900 a year

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subtona · 25 April 2020, 03:38 PM

4 days left... curious to see where they end up.

GeraldGentaFan · 25 April 2020, 03:49 PM

It is not so much the greys as FPJ himself who is influencing the market. For already a long time, FPJ has actively bought back his own pieces on auctions and the secondary market. And it has worked.

kunlun · 25 April 2020, 10:52 PM

Quote:

Originally Posted by GeraldGentaFan

It is not so much the greys as FPJ himself who is influencing the market. For already a long time, FPJ has actively bought back his own pieces on auctions and the secondary market. And it has worked.

Patek did exactly this, bidding up their pieces directly and via proxies, greatly inflating prices. I hope it works as well or better for FPJ, it will help them thrive to an even greater degree.

GreenLantern · 26 April 2020, 03:09 PM

Indeed. Patek still does this, to this day.

They also secret-shop the grays.

enjoythemusic · 26 April 2020, 03:30 PM

Strong results and BRAVO to FPJ!

Swaye · 26 April 2020, 08:16 PM

Quote:

Originally Posted by enjoythemusic

Strong results and BRAVO to FPJ!

This. They are killing it.

rockdrock · 29 April 2020, 07:59 PM

This through a global pandemic. Imagine when we get back to business. These stars are impressive. The CB did not perform as great as I expected, still over MSRP.

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mdl25 · 29 April 2020, 09:30 PM

The Calendrier (my grail -- how I regret not picking one up for low 30s six months ago!) went for 53k including buyer fee, far less than what Govberg is listing them for right now!

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Keadog · 30 April 2020, 12:23 AM

Makes me feel lucky I got my Octa Lune when I did. Wear it almost every day.

sgfortino · 30 April 2020, 12:51 AM

Quote:

Originally Posted by Keadog

Makes me feel lucky I got my Octa Lune when I did. Wear it almost every day.

Which Octa Lune did you get? I purchased a 38mm recently and absolutely love it.

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Keadog · 30 April 2020, 02:54 AM

Quote:

Originally Posted by sgfortino

Which Octa Lune did you get? I purchased a 38mm recently and absolutely love it.

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Octa Lune Automatique 42mm new last April. I've bought a few nice watches from George, starting long enough ago that I once passed on a new CB at retail.
They are all lovely...

base924 · 30 April 2020, 03:24 AM

Quote:

Originally Posted by mdl25

The Calendrier (my grail -- how I regret not picking one up for low 30s six months ago!) went for 53k including buyer fee, far less than what Govberg is listing them for right now!

Sent from my Pixel 4 using Tapatalk

Was it the 38 mm brass or 40 mm gold movement?

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ChaseATX · 30 April 2020, 11:09 AM

Should the results of the auction be an inspiration to hold onto my brass movement Resonance or sell?

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golfinz · 30 April 2020, 11:43 PM

Quote:

Originally Posted by ChaseATX

Should the results of the auction be an inspiration to hold onto my brass movement Resonance or sell?

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That's a keeper

Swaye · 30 April 2020, 11:44 PM

Quote:

Originally Posted by ChaseATX

Should the results of the auction be an inspiration to hold onto my brass movement Resonance or sell?

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Never sell that watch.

24 April 2020, 02:58 PM	#1
d11n "TRF" Member Join Date: Jun 2019 Location: UTC/GMT -8 hours Watch: yes Posts: 415	Sothebys weekly - FP Journe crazy to see bids....some of my favorites quickly becoming out of reach. https://www.sothebys.com/en/buy/auct...lock?locale=en

24 April 2020, 07:26 PM	#3
Swaye "TRF" Member Join Date: Feb 2019 Location: USA Watch: What I am wearing. Posts: 1,879	Lots of folks talk about how Govberg is manipulating the market, but these auctions (with super strong results) in Asia are what are really driving the market, and pricing, in my mind. edit: Not disagreeing that Govberg does have large power on the market, but I believe their pricing has always been reflective of auction results. Especially when you consider many of the FPJ they sell via Watchbox are sold in Asia. When they saw large prices being realized at auction (started just last November), they bought up what they could and moved prices up more inline with those results. Remains to be seen how long demand stays up and high prices can be sustained. And as others have said, you are really only seeing high prices on the CB, and a bunch of discontinued stuff (Ruthenium, brass, Resonance and lately the Centigraphe). __________________ Rolex │ H. Moser │ F.P. Journe │ Audemars Piquet │ Patek Philippe _______________________________ "I'm not playing hard to get, I'm playing hard to want."

25 April 2020, 03:38 PM	#5
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 26,054	4 days left... curious to see where they end up. __________________

26 April 2020, 03:30 PM	#9
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 19,754	Strong results and BRAVO to FPJ! __________________ __________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory.

24 April 2020, 05:12 PM	#2
GreenLantern "TRF" Member Join Date: Oct 2016 Location: Montana Posts: 3,223	I've already been priced out. Sadly early brass movement T's got into absurd pricing territory in November, and haven't stopped since, even with the turmoil in the world. (I'm not even going to touch the R's.) Should've picked one up when I could've at $125k a year+ back. :(

25 April 2020, 03:24 PM	#4
Collector2019 "TRF" Member Join Date: Jul 2019 Location: USA Posts: 610	Some greys cornering the market, and it’s doable with such low production numbers 800/900 a year Sent from my iPhone using Tapatalk

25 April 2020, 03:49 PM	#6
GeraldGentaFan "TRF" Member Join Date: Nov 2018 Real Name: Mark Location: Europe Posts: 644	It is not so much the greys as FPJ himself who is influencing the market. For already a long time, FPJ has actively bought back his own pieces on auctions and the secondary market. And it has worked.

26 April 2020, 03:09 PM	#8
GreenLantern "TRF" Member Join Date: Oct 2016 Location: Montana Posts: 3,223	Indeed. Patek still does this, to this day. They also secret-shop the grays.

29 April 2020, 07:59 PM	#11
rockdrock "TRF" Member Join Date: Mar 2017 Location: North Carolina Posts: 1,127	This through a global pandemic. Imagine when we get back to business. These stars are impressive. The CB did not perform as great as I expected, still over MSRP. Sent from my iPad using Tapatalk

29 April 2020, 09:30 PM	#12
mdl25 Banned Join Date: May 2018 Location: California Posts: 36	The Calendrier (my grail -- how I regret not picking one up for low 30s six months ago!) went for 53k including buyer fee, far less than what Govberg is listing them for right now! Sent from my Pixel 4 using Tapatalk

30 April 2020, 12:23 AM	#13
Keadog "TRF" Member Join Date: Jan 2018 Location: USA Posts: 358	Makes me feel lucky I got my Octa Lune when I did. Wear it almost every day.

30 April 2020, 11:09 AM	#17
ChaseATX "TRF" Member Join Date: Oct 2019 Location: US Watch: 5270g Posts: 500	Should the results of the auction be an inspiration to hold onto my brass movement Resonance or sell? Sent from my iPhone using Tapatalk

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