Thursday, October 18, 2007

Watch Auction at Christie's

In light of the Wall St. Journal article about watch manufacturers buying their products at auctions, I expected that the Oct 17th NY Christie's watch auction might see some bargains.

I had my eye on a Breguet and a Vacheron & Constantin; both relatively modest compared to many of the other lots. However, between maxing out at work and fighting a full blown fall allergy attack, I didn't get around to placing any bids.

Didn't matter. Both watches, along with many others, went at prices above the range indicated in the catalog. So, my theory on the impact of the disclosure that the collector might be bidding against a deep-pocket manufacturer might dampen the enthusiasm, simply was disproved.

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