Finally vintage rolex is at the top of the market – my geneva may 2013 auction report

[Philipp]

http://rolexpassionreport.com/12535/...uction-report/

I’m speechless! And as many of you know me a bit, that’s very unusual! I’ll explain you why i’m a bit confused. You see when last year the vintage Rolex market started to explode with Christie’s de Bethune auction we finally saw that mint- NOS- best quality is the only way forward. Next to finding a honest vintage Rolex that has not had any micro surgeon operation to prepare it for auction, collectors worldwide go crazy on unpolished bevels, still matte polished sides, fresh serial and reference numbers, and all over original patina that makes sense and not fools those that only check the (photoshopped) auction catalogues.I choose the right unique Proto Black Piano Submariner above the 4113 Split! I made the right choose… Unique Sub versus 12 examples of a pocket_watch imho…



No, with a result of more then 200K euro for a bakelite GMT 6542 that I would not even buy for 1/3 of the auction result, we’ve come to the point that the correct information and close up analysis, with other words, the real truth, have become magic. Knowing that these ultra rare virgin vintage watches are extremely rare to find, specially at the open market, it’s become impossible for the auction houses to fill their catalogues. The result is that even Christie’s, market leader for top quality, sometimes looks away when they consign a Rolex. The 6240 with a MK2 dial, the non matching case back on another, minor mistakes that didn’t even got noticed by old school traders, who bought it for crazy prices. We’ve come to the cross road where the results have become so extremely high, that the passion is far to look for, sadly money rules the world!




A lot, maybe everybody in the watch community have thought at least once, that I am crazy. Paying 100+ euro for a brown 4 line when all ‘friends’ told me it was maximum 75-85. Now look what happened yesterday, a less adorable example went for over 400k euro, that like 4 times more then i paid 3 years ago!! I wonder that what would happen if AQ would offer the Christie’s lots and vice versa. The current market leader hammers down prices others wouldn’t even come close to in their dreams, specially for those that aren’t like I described above, the most wanted, fine virgin quality. This worries me because the hype on Stella’s of last year I explain because those colored dials are bringing in a new group of buyers, non collectors, trendy hip young people, women, that just buy it to have fun. Now this year a blind bought a GMT bakelite for like 5 times the market value, this worries me a lot as I wonder who convinced him to bid even higher then 100€?! Like: For me….. it’s OK!! Right –> So here you go, I present you the unique Rolex Ref 6263 Oyster Blue Paul Newman…



Blue Paul Newman next to it’s brother, just a couple of numbers away by serial… So tell me, how much is it worth? Have we ever seen one? Is it impossible, no, it’s period correct but has it been born it this, hmmm for me it’s ok, you hear so often around..you see, what does all original really mean?? If I didnt had show the in spain found blue Daytona Panda and had waited 2 more days to wait for the Newman, pop of the bezel and create a look most will die for. Is this wrong? No, as long you keep the brother, together as a set, I see it as ultimate perfection, the RPReboot i’m after, it’s just freaking super cool! So 2013


The patina is so rich, it amazes you from every angle..


Just before it’s reboot, for the first time naked after 43 years, which is my age too by the way…


You see, what is the real truth? For me it’s ok, because I know my friends, that are dearly passionated and which i’ve always have really a great time with! Eating fresh oysters they serve greatly in Geneva, make your forget every thing, the fun together is making it for me worthwhile visiting, seeing buddies is best reason to travel. So back to Blue PN, here as I found them, a stunning duo of Icon Daytona Rolex family members, early legendary first owner Ref 6263 Newman & stunning patinated Blue Panda from Spain..


Honeslty, some results shake up the market dramatically! Not only for the good but also for the bad, if that gmt buyer wants to sell or even trade in at the auction houses, they will tell him he overdid himself, logically. I wonder what they tell him today when they send him the invoice..congrates? with what??



http://rolexpassionreport.com/12535/...uction-report/
Ciao my friends!!!

See you in LONDON May 28th 2013

Philipp

[Lgear080]

Mind blowing.

Thanks for your input.

Is the bubble set for explosion as yet?

[Philipp]

Thanks!



;-)

[travisb]

Crazy nice!

[Vincent65]

fantastic!

[Ristretto]

i like the blue daytona

[bonbonson]

I like the blue bezel PN and that GMT

[HRV]

Thank for posting

[oceandweller]

[QUOTE

Philipp[/QUOTE]

Your post and comments are appreciated.

Just imagine what the price of those extremely rare and factory-original vintage Rolex would be, say in 10 years' time. Of course, the not so common and can be worn daily ones will also become very desirable, sooner or later. The wealthy people know where to park their money. Perhaps, they have realized it is much safer keep uncommon vintage Rolex than depositing money in the bank.

So far the price of Rolex watches has been going up north, unlike stocks and shares, as well as gold, see-sawing over the years.

[cop414]

Stunning pictures, great write up. Thank you.

[Kingair]

Knap Philipp

Waar vindt je ze toch allemaal . . .

Thanks for sharing

HAGWe

[T. Ferguson]

Originally Posted by oceandweller

Your post and comments are appreciated.

Just imagine what the price of those extremely rare and factory-original vintage Rolex would be, say in 10 years' time. Of course, the not so common and can be worn daily ones will also become very desirable, sooner or later. The wealthy people know where to park their money. Perhaps, they have realized it is much safer keep uncommon vintage Rolex than depositing money in the bank.

So far the price of Rolex watches has been going up north, unlike stocks and shares, as well as gold, see-sawing over the years.

Oh, I venture to guess these people have money in the bank too.

[HL65]

Great post PS--thanks for sharing thoughts and amazing examples as always! Cheers,

[SUBversive]

Thanks for posting. Great stuff.

[drockadam]

Amazing pieces!

[cjohns]

I imagine for most of these buyers that have more money than God investment has little to do with it,, it's just to own something very few others have such as an ultra rare Ferrari.I've seen it in the car collecting world,,just talk to somebody that has a recently purchased a high end auto,,all will say it's a rare car but only a scant few can tell exactly why it's a rare car!Just my 2 cents!!