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I am going to an estate sale and the pre bids are crazy high. One of 2 things I’m missing something or I’m really missing something  Average shows $363 it’s already pre-bid at $450. Why 🤷‍♂️ 161 Elinvar are they really bring this kind of $$$?

specs not sure what all this signifies 

Illinois.   5284473

16’s 21j, HCI6P, LS, GT, GJ5, 60HR, Extra

2 tone case, Extra

 

E16.L5.8611.JL.A8C

Posted

Sorry. My registration was incomplete so none of my previous post ever got posted. Evidently I’m on now.

Good afternoon from Texas

Im Rick

Posted
On 6/24/2023 at 10:58 AM, fourtimes4 said:

I am going to an estate sale and the pre bids are crazy high. One of 2 things I’m missing something or I’m really missing something  Average shows $363 it’s already pre-bid at $450. Why 🤷‍♂️ 161 Elinvar are they really bring this kind of $$$?

Whose average shows $363? One of the problems with anywhere you go to purchase a watch is it depends upon who the audience is and who is presenting the sale. If somebody's doing a really good job of it presenting the sale and depending upon the audience than the price Will very likely be higher than whatever you perceive it should be.

On 6/24/2023 at 10:58 AM, fourtimes4 said:

specs not sure what all this signifies 

Illinois.   5284473

16’s 21j, HCI6P, LS, GT, GJ5, 60HR, Extra

2 tone case, Extra

 

E16.L5.8611.JL.A8C

Your purchasing a watch and you do not understand the specifications and you think the prices high? First thing is the serial number you can take the serial number and go to This link

https://pocketwatchdatabase.com/search/result/illinois/5284473

and get specifications. Then the simple ones of the 16 size 21 jewel movement. Basically it's a nice railroad grade movement with a 60 hour running time it's going to get a little higher price than a normal watch. Especially if anybody is looking at it because it's going to look like a really pretty watch and really pretty watches conceivably are going to get much higher prices

Then typically places like an estate sale with a captive audience the price is going to be a lot higher than places that have a much bigger audience.

For instance go to the link for eBay that I have here completed sales. Look at only the ones that have sold and some go for much higher some go for less. Or simplistically the prices determined by how much somebody is willing to pay to get the watch. That means that that price may have nothing to do with reality at all.

https://www.ebay.com/sch/i.html?_nkw=bunn+special+60+hour&_sacat=0&LH_Complete=1

 

 

 

 

 

 

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