I don't see any incontrovertible evidence that the market is moving in any direction, in my niche (Postwar Elgins). I'll see some nice pieces go for the high end of what I'd expect, but then a similar piece with a less fancy listing will go for a lot less. Then again, my niche is small enough that one well-heeled and undiscriminating buyer could skew the whole market!
Lately, there's been a buyer on Ebay who has been indiscriminately buying up every one that comes up for sale. I know it's been the same buyer for nearly all of them.
I've bid against him a couple of times, but at least on the more common stuff it's just not worth it(particularly since I have more reliable off-Ebay sources at better prices).
About two months ago, a fairly scarce one that I would have really liked to have came up for sale. I found a couple that had sold at live auctions in the $500-600 range. This one had some condition problems, so I expect it to be on the lower end of that. Even so, I set my personal maximum at $700 since I really wanted it.
It ended up being myself and Mr. Deep Pockets, and he came out on top for one bid increment over my $700 max.
I quit bidding on them after that!
Member National Association of Watch and Clock Collectors
Member, NAWCC Chapter 149. Vice President and Secretary NAWCC Chapter 140. Member, NAWCC Convention Committee.
Serious collector of American pocket watches-Waltham(and the predecessor companies) is my specialty.
I wouldn't mind overpaying a little if it involved a watch that I really like and was in good condition. The thing about vintage is you run the risk of never seeing that watch again.
Rarity of a lot of vintage pieces will never let the price bottom out, IMO. There are always going to be collectors and new buyers in the market. A nice example will always sell.
Overall, it seems to me that prices have been fairly steady and/or climbing on the watches I've been collecting the last few years. I do LOVE it when I steal one on ebay though, and it still does, although not as often as it used to happen. It usually happens when a seller screws up their heading or description, or their too lazy to post much info, which keeps many buyers a way. I send private messages all the time to get clarifications. Sometimes, I strike gold!
Last edited by Ed Barclay; December 20th, 2011 at 00:00.
What do folks think of the box/papers part, is it significant, or should I not be too concerned with it.
Last edited by panamamike; December 20th, 2011 at 01:20.
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