Seems to me that...April 11 2012 at 11:39 AM
|ChronoR (Login ChronoR)|
from IP address 18.104.22.168
Response to Christie's Important May 2012 Watch AuctionCatalogue is out...
...when it comes to trophy watches, pricing structure goes parabolic. The competition is amongst the super-rich and that shifts the demand curve up a lot....and for watches like this, the supply curve is completely inelastic. Sorry...my A level economics was bound to become useful at some point. One trait has been true in the art world, watch world, wine world etc etc....a simple rule...the best performing prices have been in the very very top end of the market. The rarer and better the condition, the higher the parabolic price increase. I think it will go at way above asking price...
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