The Bao Dai or Mr. Chow Rolex 6062?

The Bao Dai or Mr. Chow Rolex 6062?

I spent much of last week and the weekend taking deep breathes. The reason for this was the latest Phillips Geneva Watch Auction where the extremely famous “Bao Dai” Rolex 6062 was going to be auctioned off. Among “Rolex Collectors”, this was apparently the best of the best. Some very prominent Rolex collectors have even been quoted as saying if there was just one Rolex they could own, this would be the one. So, the obvious question is what’s the big deal about *this* Rolex?

The reference as mentioned is a 6062. It's the last moon phase Rolex ever made until this year when they introduced a new moon phase movement as part of their Cellini collection. But, this particular 6062 is one-of-a-kind. It's the only one in 18k yellow gold that has a black dial and diamond indices. Thus, making it as rare is it gets, which is one of the 3 main rules of collecting vintage watches. Apparently, there are no records of a second watch just like this one. There are other 6062’s, some in stainless steel, other gold ones too, but only one with a black dial *and* diamond indices.

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Happy New Year! And Materialism As We Enter 2017

Happy New Year! And Materialism As We Enter 2017

Every year we have our "new year's resolutions", but given the holiday season has just ended, which is always filled with the standard commercialism and retail therapy, I thought it might be worthwhile to give my perspective on the subject. Specifically when we refer to a certain type of spending as "materialism" - this ties in nicely with the watch world, since 2016 was officially the worst year on record since the early 80's!

First, what is materialism?

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Sotheby's Landmark Auction Proves What We Already Should Have Known

Sotheby's Landmark Auction Proves What We Already Should Have Known

If you’ve read my posts in the past then you know that it is my belief that most of the prices that certain watches have been getting at auctions, etc., over the last few years are greatly inflated. No longer is there a rational relationship between price and the inherent quality of many watches. Instead, these elevated prices have become an example of herd mentality over independent thought. Where once there were true enthusiasts, now there are rich idiots with an unjustifiably elevated view of their own opinions who feel obliged to get into a pissing contest every time some shady example of a watch with a more-than-likely faked “rare" dial rears its head. Watches that fail utterly as examples of craft in any respect, or that could possibly justifies the cost. So, prices go up and the auction houses, the dealers and even some “expert” watch bloggers are the ones laughing all the way to the bank.

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