It's imho nothing 'new' or 'worrying' at all happening now
as during the Geneva auctions always the best quality comes
for sale. For instance, I was reading some early end 80-ies
catalogues of Feldman Habsbrug the other day and those were
equally heavy filled with stunning & ultra rare PPC & Rolex....
Only BIG thing that changed is the price & the fact that already
most surviving beauty's are hidden away in serieus collections.
Therefore the more respect to Aurel and his team for finding
owners out there that want to sell now. Since some years the demand
for the best time capsule is much bigger then the actual offers,
which also explains us the at least 200/300+% raise of achieved
prices during the last 5 years...
Another positive note for us Rolex collectors is the fact that
allthough PPC is well represented, Rolex stays behind! Hardly
any perfect Stelline, Killy, Oyster PN, Big Crown etc come for
sale anymore...If you say we are on the top of the market and
everybody is selling, can you explain me where these most wanted
Rolex are now? If you had followed the market, you would say they
are already in serieus collections and apparently not many are willing
to let them go for the current auction / market value. Real question is
are they afraid to sell to cheap and/or speculating till Rolex themselves
steps into vintage the way Patek did to give the market more confidence
or just waiting for all those asian buyers to understand vintage Rolex?
As always, time will tell