I was watching something on eBay… it's got a few days to go, but I guess I won't be bidding on it. Not for the first time, something's been bid up sky high before time and the news will only get worse on this one. It's around the price it should finish at now - it's a chronograph, with a movement that needs service, heavy wear on the plated case, dial is not great, not at all, plus all the usual nonsense.
But I've never - not even on the first thing I ever bid on - understood why people get into bidding wars day out from completion. If fact, why even bid until the last moment? I don't get it.
Setting aside the obvious ones (????) of safety bids in case they forget (really????) and other such silliness (it seemed a straight estate sale job… but may be Shillandia?????). Why, oh why, oh why, do people make the things they are going to bid on more expensive? To no avail. Please tell me, oh great sages. I just don't get it. c***c - if you're reading this, you will not win this auction, my friend. Although you might be a shill, I guess. v***s probably is - heavy automatic bidding with heavy reserve, so the seller is effectively setting a reserve price and fuelling the fire. 1***s you probably laid an extra £100 on it and you'll be spending, my friend. And then the pain will begin in earnest.
I reckon it starts off with a couple of dealers, looking for a good score. They drop away as the price heads into unrealistic territory and some newbies take up the chase. This watch in better condition would be sold by a dealer on eBay for around £900-1200 and there's at least £200 worth of work to be done… it's nearly £800 now and time to walk away.
Here's what the bidding looks like: