Post by ausimax on Nov 21, 2017 18:02:06 GMT -8
Must be the case! As most of you probably know by now my main interest is in fixing watches not collecting, as a result I try to buy bulk lots as cheaply as possible.
I was watching a group of 5 watches, 1 Seiko and 4 no famous name Swiss, no details, no movement shots so no way of knowing what movements were enclosed, about 5 days out from auction end they were at $7.50 the next morning they had shot up to $54.00 at 4 days out at this price I sort of lost interest.
Last night I happened to notice that they were back to $7.50 again, checked the bids an the current leader had about 10 bids at $7.50 listed, at the bottom of the page there had been a bid of about $96.00 retracted - he/she must have bid the current leader up and when the retraction came it collapsed back to the original $7.50.
When I logged on this morning the bid was again $54.00, a new bidder had bid the previous leader up till he/she topped out at $53.00.
What I am leading up to is the stupid amounts being bid for lots of unremarkable or positively crappy watches, when you check the bidding it is mainly by very low transaction count bidders, which leads me to believe that there must be a surge in people taking up Horology as a hobby all trying to purchase stock at any cost.
Maybe forums like this are just doing to good a job of generating converts.
All this when I am struggling to sell restored and serviced watches, did a bit of a survey the other night and the number of reasonably priced good looking, going watches less than a day from auction end, that did not even have a bid, seem all the interest is in broken watches at the moment.
As I suggested we may be in for a Horologically led recovery - sell your BHP shares and invest in crappy secondhand watches!
Note: All this pertains to Aus only as I don't troll for watches on OS sites as postage kills any saving made!
I was watching a group of 5 watches, 1 Seiko and 4 no famous name Swiss, no details, no movement shots so no way of knowing what movements were enclosed, about 5 days out from auction end they were at $7.50 the next morning they had shot up to $54.00 at 4 days out at this price I sort of lost interest.
Last night I happened to notice that they were back to $7.50 again, checked the bids an the current leader had about 10 bids at $7.50 listed, at the bottom of the page there had been a bid of about $96.00 retracted - he/she must have bid the current leader up and when the retraction came it collapsed back to the original $7.50.
When I logged on this morning the bid was again $54.00, a new bidder had bid the previous leader up till he/she topped out at $53.00.
What I am leading up to is the stupid amounts being bid for lots of unremarkable or positively crappy watches, when you check the bidding it is mainly by very low transaction count bidders, which leads me to believe that there must be a surge in people taking up Horology as a hobby all trying to purchase stock at any cost.
Maybe forums like this are just doing to good a job of generating converts.
All this when I am struggling to sell restored and serviced watches, did a bit of a survey the other night and the number of reasonably priced good looking, going watches less than a day from auction end, that did not even have a bid, seem all the interest is in broken watches at the moment.
As I suggested we may be in for a Horologically led recovery - sell your BHP shares and invest in crappy secondhand watches!
Note: All this pertains to Aus only as I don't troll for watches on OS sites as postage kills any saving made!
