Is The Vintage Watch Market DEAD?

Menta Watches
11 Oct 202417:51

Summary

TLDRIn this video, the speaker analyzes recent auction results from a Sotheby’s sale in Hong Kong, discussing bids on various vintage and neo-vintage watches. He reflects on the current state of the vintage watch market, noting the increasing desirability and prices of certain models, including brands like Breguet, Audemars Piguet, and Patek Philippe. Despite his attempts, he did not win any lots, revealing insights into market trends, especially for rare and iconic pieces. The speaker encourages viewers to consider entering the market before prices rise further, emphasizing the ongoing strength of luxury watch investments.

Takeaways

  • 📊 The vintage watch market shows signs of stabilization after experiencing fluctuations, particularly post-COVID.
  • 🛒 The auction results from the recent Sotheby's Hong Kong sale reflect a mix of strong buyer interest and price adjustments.
  • 💰 Some notable lots, such as the Breguet and Audemars Piguet pieces, demonstrated consistent market value, with certain watches selling close to their estimated prices.
  • 🤔 The speaker expressed regret for not bidding higher on specific rare pieces, particularly the Audemars Piguet Royal Oak QP, indicating potential undervaluation.
  • 🏷️ The market for neo-vintage Breguet watches has seen a significant increase of about 20-25% in value over the past three years.
  • 🔍 Rare watches like the Vacheron Constantin perpetual calendars continue to command high prices, reflecting ongoing demand despite market volatility.
  • 💥 The Cartier brand remains strong, with unexpected auction prices for models that defied earlier valuations.
  • 💡 The speaker noted the difficulty in accurately assessing the value of unique pieces due to their limited availability and infrequent sales.
  • 📉 While some auction lots sold below the speaker's expected bids, others exceeded them significantly, indicating a competitive market environment.
  • 🗓️ The upcoming November sales will be critical in determining whether the upward trend in certain segments of the watch market continues.

Q & A

  • What are the key differences between criminal law and civil law?

    -Criminal law deals with offenses against the state and includes prosecution by the government, while civil law involves disputes between individuals or entities, typically resolved through compensation or injunctions.

  • How do statutory laws differ from common laws?

    -Statutory laws are written laws enacted by legislative bodies, while common laws are developed through court decisions and judicial precedents.

  • What is the significance of the Constitution in the legal system?

    -The Constitution serves as the supreme law of the land, outlining the framework of government, fundamental rights, and the limits of legal authority.

  • Can you explain the concept of 'beyond a reasonable doubt' in criminal law?

    -In criminal law, 'beyond a reasonable doubt' is the standard of proof required to convict a defendant, meaning there should be no reasonable uncertainty about their guilt.

  • What are the main roles of a judge in a courtroom?

    -A judge oversees court proceedings, ensures the law is applied fairly, makes rulings on legal matters, and instructs juries on the law.

  • What does the term 'burden of proof' mean?

    -The burden of proof refers to the obligation of a party to prove their allegations or claims in a legal proceeding.

  • How does the appeal process work in the legal system?

    -The appeal process allows a higher court to review the decision of a lower court to determine if legal errors were made that could affect the outcome of the case.

  • What role do juries play in the legal system?

    -Juries assess evidence presented during a trial and determine the facts of the case, ultimately deciding on the verdict in criminal and civil cases.

  • What is the purpose of legal precedent?

    -Legal precedent provides guidance for future cases by establishing a standard based on previous judicial decisions, ensuring consistency in the application of the law.

  • What are the main sources of law in the United States?

    -The main sources of law in the U.S. include the Constitution, statutes, administrative regulations, and case law.

Outlines

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