VC WT at Only Watch. Does anyone know how this piece

Did at the Only Watch auction in Monaco?
100k Euros
09/28/2013 - 18:43
Thanks. What was the estimate for VC?
09/28/2013 - 20:02
Between 90 and 120k eur
09/28/2013 - 21:10
The Patek went for big $$$$$$
09/29/2013 - 03:43
I read somewhere that PP saved the day at the auction. This
09/29/2013 - 09:50
Just does not make sense. Something is not right. IT seems PP is becoming more and more of an investment object.
Something I want to write but afraid to write it here.
09/29/2013 - 09:50
As long as you're not insulting anyone (which I doubt you will) please
09/29/2013 - 10:30
go ahead and post
It's no secret that in the past PP has had a huge role
09/29/2013 - 11:41
In acquiring their pieces at auction to pump up auction values. Could that be the case here? Or is it that we live in a world where a bidder just has so much faith in investment potential of PP that he / she just blindly bid a huge amount for it thinking it will hold value over time? While the cause of this auction is a great one,the sad thing is that people often forget the cause and only remember what sold for what. And this is not good for watchmaking industry. Is this why watchmakers sit for hundreds of hours working their asses off and building beautifully timepieces - just to wait for an auction result? The industry is going through such a renaissance with brands repositioning their designs and turning over a new leaf and doing such wonderful stuff and then you have such groundbreaking stuff coming out of independents etc. and it's so sad and unfair to see many of these brands feel embarrassed in the light of one auction because of PP. This is just my opinion. For me it's not about investment value.
PP has been an investment value for a long time.
09/30/2013 - 02:30
There are PP watches for sale that are still in their original wrappings. These watches are bought by investors, not collectors and are resold at a premium to either invertors or to collectors who may sell them later on at a tidy profit. All legal of course, but scarcely in the interest of the industry, as you say, except for PP who can use the facts as a selling or marketing point. The quality of PP watches does not warrant their prces at all. Both VC and Chopard and Lange (and perhaps others) manufacture their watches to higher standards, (IMHO). But the free market is not always logical and sometimes things are bought and sold for their name rather than their intrinsic value. The Birkin bag is another such commodity. I think that knowledge and education is the antidote to such behaviour. Fortunately the interchange of information as exemplified in this forum helps serve that purpose. And it is to Vacheron's and Alex's credit that comments, criticism and comparisons have never been censored. Joseph
Thanks Joseph. Beautifully put.
09/30/2013 - 18:06
I was reading hodinkee's
10/01/2013 - 13:32
introduction to the 1731, and while reading the comments I came across a perfect example of what you and JB comment n this thread, to save you gentlemen time I will just copy/paste the comment:  "270,000 Euros? What is going on with pricing nowadays? Why are prices getting so ridiculous? There's no question that the watch isn't worth nearly that much. Is it because some people actually pay it? It's a beautiful watch, but it's no rare Patek Philippe. This watch will probably only depreciate in time like most if not all VCs. And you could never convince me that the 'craftsmanship' is worth over quarter million euros." - James As we can see here, James' way of thinking is exactly about the investment value and is convinced that the 1731 is worth less than a "rare Patek Philippe"... I also find funny that he puts craftmanship between quotation marks, he just isn't able to appreciate the beauty of this amazing timepiece, but as JB said, some things are bought and sold just for their name.
I actually expected the 1731 to cost more ! The person you
10/01/2013 - 18:24
Quote is missing the point.
Note that
10/01/2013 - 19:00
Hodinkee says that's not the official pricing but it will be around that figure. Regarding the guy, of course he is missing the point, that's why I quothed him hahah I think it's amusing to find a real life example of what was stated here about how people don't appreciate it and just think that a name is worth more. Cheers!
I replied to him on hodinkee but now it seems hodinkee has
10/01/2013 - 20:38
Removed his comment. Maybe not. One guy says he likes the watch but not the price. Who do these people think they are?when fashion brands and average brands make rubbish and overprice them, it is cool and trendy. When VC makes the thinnest MR second time around it goes unappreciated.
10/01/2013 - 21:07
I've been reading hodinkee for about a year or so and they often have nice reviews, the writers know their stuff but to be honest I've noticed that the people who comment there often present an absolute lack of taste, they simply can't appreciate it so that kind of comments do not surprise me at all hahah.
I agree that sometimes VC has pricing I don't understand but the 1731
10/02/2013 - 06:32
is in the market for this type of watch considering the fact that it is not only the thinnest minute repeater on the market but that it has a 65 hour power reserve and the noiseless centrepetal governor, and to top it all an absolutely sweet crisp chime
My comments on hodinkee have been posted under the
10/02/2013 - 09:18
1731 article. Same screen name.
10/02/2013 - 11:59
if they reply (which I doubt) I'll second you there hahah cheers!
10/02/2013 - 14:20
If i had the cash I'd buy it... i think that the price is fair (nt)
10/04/2013 - 14:31
ditto (nt)
10/04/2013 - 14:31
10/04/2013 - 17:17