Auction results Platona vs JM green dial Daytona

[Mikichi]

Results at Sothebys Hong Kong yesterday.
Green dial YG Daytona estimated at HKD 500,000-700,000 sold for HKD 756,000 or USD 97,000.
Platinum Daytona with regular dial estimated at HKD 450,000-600,000 sold for HKD 1,071,000 or USD 137,700.

Interesting that the Platona triumped the JM Daytona with a big margin in the end.

[vh2k]

I'm assuming that includes the 25% auction fee.

[garyk]

Wow, interesting...

[Robf52]

Interesting not not surprised.

[Mikichi]

Originally Posted by vh2k

I'm assuming that includes the 25% auction fee.

I think so.

[1665fan]

Platona has always been worth more…..what’s surprising???

[vh2k]

Originally Posted by Mikichi

I think so.

Which means the green Daytona has been stuck in the mid-$70K range for six months now.

[Fleegle]

For the record, these prices include Sotheby's premium but exclude tax.

Both watches were purchased in 2019. The platona was described as 'never been worn' -

[Mystro]

No surprise at all. White metal, be it SS or PM is what everyone wants.

[JacksonRain]

What in the world is happening here

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[Benzsiam]

Originally Posted by Mikichi

Results at Sothebys Hong Kong yesterday.
Green dial YG Daytona estimated at HKD 500,000-700,000 sold for HKD 756,000 or USD 97,000.
Platinum Daytona with regular dial estimated at HKD 450,000-600,000 sold for HKD 1,071,000 or USD 137,700.

Interesting that the Platona triumped the JM Daytona with a big margin in the end.

MSRP of Platinum Daytona is more than 2x YG Daytona Green dial.

Platinum Daytona sold for 137.70K was less than 2x of YG Daytona green dial of 97k, so the premium (%) of YG Daytona is higher than Platinum Daytona.

It's no surprise at all that Platinum Daytona sold for higher than YG Daytona green dial.

[jb335]

Why would someone pay $97K USD for a green dial Daytona when you can pick one up for $10K less pretty easily?

[rambo99]

Originally Posted by jb335

Why would someone pay $97K USD for a green dial Daytona when you can pick one up for $10K less pretty easily?

for peace of mind, that the watch is authentic and not stolen.

[macrowatch]

Isn't there that infamous thread with the owner of a stolen watch that had trouble getting it back from auction house? Or is my memory off?

[SDGT3]

Why are watches going to an auction house when you can get one from a reputable grey for much less without a bidding war? PR stunt perhaps?

[Oyster Al]

cash money that needs to go into off ledger assets.

[RolexSimon]

Originally Posted by SDGT3

Why are watches going to an auction house when you can get one from a reputable grey for much less without a bidding war? PR stunt perhaps?

a) you can get really good deals from Auctions if you're in the right place at the right time.
b) see above - reassurance not fake or stolen (I accept that's not a problem with the best Greys but may be with others).
c) if you want to launder money (probably the main reason prices are so high at some auctions).

[Chiboy]

It seems like the "common" watches sold at auction (white SS Daytonas, blue 5711s, etc.) go for crazy money. I can see buying a unique watch at an auction because you aren't going to find it elsewhere until some big muckety muck decides to sell off his collection, but buying non-rare watches like a platinum Daytona or gold/green one at a major auction seems like the best way to pay too much. Perhaps it is good for laundering money (as suggested) or a way to orchestrate hype for a watch?

[Jmaster]

Originally Posted by Fleegle

For the record, these prices include Sotheby's premium but exclude tax

There’s no sales tax in Hong Kong.

Originally Posted by RolexSimon

a) you can get really good deals from Auctions if you're in the right place at the right time.
b) see above - reassurance not fake or stolen (I accept that's not a problem with the best Greys but may be with others).
c) if you want to launder money (probably the main reason prices are so high at some auctions).

d) also used to pay a bride - similar to C

[Danny83]

I guess people dont know about forums and trusted sellers. Thats expensive

[YGRLX]

Originally Posted by jb335

Why would someone pay $97K USD for a green dial Daytona when you can pick one up for $10K less pretty easily?

becuase they are about to be higher than 97000 from greys. Davidsw sold one for 88500 in a day this week. These will be 200k in a few years.

[grimps]

Some people with lots of money go to Auctions as a day out or a fun activity, people that have really done their research wouldn't have paid that much

[RolexSimon]

Originally Posted by Mystro

No surprise at all. White metal, be it SS or PM is what everyone wants.

But at this price, YG JM Daytona has a bigger % markup. Even more than meteorite GMT!!

[JC316]

Originally Posted by SDGT3

Why are watches going to an auction house when you can get one from a reputable grey for much less without a bidding war? PR stunt perhaps?

Extra FLEX!

[Rollie Gent]

Originally Posted by 1665fan

Platona has always been worth more…..what’s surprising???

This, JM has never been priced above and Platona in the secondary market.

[Wahlberg]

Originally Posted by rambo99

for peace of mind, that the watch is authentic and not stolen.

You're joking right?

[travisb]

Both way above current market value. Do people not look to see what these are selling for elsewhere?


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[dannyp]

Originally Posted by Benzsiam

MSRP of Platinum Daytona is more than 2x YG Daytona Green dial.

Platinum Daytona sold for 137.70K was less than 2x of YG Daytona green dial of 97k, so the premium (%) of YG Daytona is higher than Platinum Daytona.

It's no surprise at all that Platinum Daytona sold for higher than YG Daytona green dial.

Sounds like, I’m terms of dollars instead of percents, the two are selling for roughly the same premium above list.

[Cambo]

Originally Posted by Oyster Al

cash money that needs to go into off ledger assets.

My thought as well