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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