Ebay… To Save The Day?

While I was in Vegas last week, I overheard a guy say, “I wish I had just put all of my expendable income into watches over the last five years instead of the stock market.  I’d be a lot better off today if I had.”

With all of these crazy price increases from the various brands taking place, there is no question that the value of previously-owned timepieces is going to go up.  Breitling is joining the company of Audemars Piguet, Hublot and Ulysse Nardin by having their second price increase of the year tomorrow.  Patek Philippe just announced that they will be following suit as well in a little over a month on July 15.

Earlier this week, I read an article about a guy in California looking for a way to raise enough money to send his son to UCLA.  What better way to do so than to sell his used watches?  In order to help send his kid to school, he listed his collection of 19 Rolexes on eBay to be sold in entirety.  The auction started at $100 and was at $70,200 with over nine days left.

I have tried to track the auction over the last couple of days to see if we could witness another incredible eBay watch transaction, and I now see the auction has been terminated.  Rumor has it that the auction was canceling for violating the TOS.  Does anyone know the particulars?  I would love to find out!

Either way, look for a big boost in the pre-owned watch market over the next six months.  Believe it or not, new watches are becoming more expensive and less available!!!  I would not be surprised to see or hear about more large vintage-watch transactions over the rest of the year.

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Brand Sponsorship

Who would you want as your sponsor?

I always love seeing which watch brands famous actors, athletes, musicians and events are sponsored by.  I was fortunate enough to go to Wimbledon a couple years ago, and Rolex was everywhere at the All England Club.  Meanwhile, I could not help but notice Rory Mcllroy had an Audemars Piguet patch on his shirtsleeve while playing the Masters a couple weeks ago and rocked an AP stainless steel Royal Oak Chronograph with a silver dial once he was done.  I love that AP by the way!

I am now reading that Longines is the official timekeeper of the upcoming Kentucky Derby and that the winner of this year’s race will get a Longines Column-Wheel Chronograph.  I remember Hublot was the official timekeeper of this past summer’s World Cup in South Africa and how a huge Hublot digital game clock was used and held up when substitutions were made.

I cannot help but dream about which brand I would choose as my sponsor if I had my choice of the litter.  You probably have never seen Patek Philippe sponsoring a person or an event because they never have!  Regardless of who you are or what you do, Patek Philippe never gives out a watch for free.  If they did, however, and were part of the field, what watch brand would you choose as your sponsor?  Would you go with a big brand name or a brand that flies more under the radar?