Must read: Aurel Bac’s insights

Patek Philippe Stephen S. Palmer

Patek Philippe Stephen S. Palmer

Must read: another stellar post by Longitude: http://blogs.christies.com/longitude/brands/omega/at-auction-christies-international-head-of-watches-aurel-bacs-gives-his-analysis/

Small quote:

I think that 2013 is a continuation of a trend we have probably seen from 2008 or shortly later. No matter if you’re an experienced or novice collector, the times where shoppers are coming to just spend some money are over. You are dealing with 1000 bidders at an auction: online, written, on the telephone, and in the room. They know what they’re doing, so unless you’re an absolutely on-the-pulse-of-the-market scholar, you’ve already lost out on your position.

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