Wednesday, November 5, 2008

More cheap plastic Daytonas...

Ebay item 280282638352

At last week's IWJG Show $18k would have bought this fine timepiece, or collection of parts (whichever you choose to describe it as). Now it is $16k.I offered $10k and would still pay $10k, even though the lugs are a little thin!! lol! My crystal ball is telling me to wait before buying ANYTHING. Collectors will have a field day come April, tax time.Pricing has settled in around 2005/6 levels...this week. With every piece like that $13k red subbie w/full boat and the $20k daytonas buyers are pulling back (wisely) and looking for a bottom. We are nowhere near it at this time. Holidays are coming, and with it will come the worst retail season on decades. Not a good time to sell. What I am seeing is alot of sub par stuff bought by speculators and neophytes who now think they can push this stuff off on collectors. The real problem is even the really nice stuff is taking a hit, as there is also alot of it on the open market.

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