Auction Absurdity — Why Pay So Much More For AAA Perfect Rolex Or Patek Philippe Fake Watches UK?

There is a benefit to buying 1:1 replica watches if its proceeds go to charity. Under U.S. tax laws, the buyer of a watch like the Nautilus 5711 Tiffany 170th Anniversary Limited Edition (an unnamed New Yorker, according to insiders) can claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the value of the item was less than the amount paid. Let’s check the numbers to be sure. The list price of the Nautilus is $52,635. The price when the hammer finally fell was $5,350,000. And with the buyer’s premium added on top, the total price tag read $6,503,000. Check! That’s a tax deduction of $6,450,365 (!) for the buyer if I’m not mistaken. However, I’m not a U.S tax expert, so please correct me if I’m wrong.

Why pay so much more for a Patek Philippe or Rolex at an auction?

But though the Phillips 2021 New York Watch Auction raked in $35.9 million in total, the buyers of the others UK fake watches didn’t get that big tax break. They simply just paid top dollar. Well, more than top dollar, because some of the prices were, well, alarming, to put it mildly. But why pay so much more for a Patek Philippe or Rolex at an auction than you would have to when you go to a trusted pre-owned dealer? The buyer’s premium at Phillips for example, is 26% of the hammer price up to and including $600,000. They take 21% of the portion of the hammer price above $600,000 up to and including $6,000,000 and 14.5% of the portion of the hammer price above $6,000,000. When you buy a pre-owned Swiss replica watches on Chrono24, you pay a 6.5% commission fee. You do the math.

Like a feeding frenzy

I’m no psychiatrist, but maybe the through-the-roof prices paid at auctions have to do with the mass hysteria that slowly but surely builds up during an auction. You could compare it with the feeding frenzy you might have seen during Shark Week, when a school of blue sharks completely goes berserk when they feed on large quantities of anchovies. Let me give you an example of AAA copy watches that caught my attention during the Phillips auction in New York.

Following the record-breaking Nautilus with its coral blue dial, the adrenaline in the room must have been almost tangible. Even when watching it online, the atmosphere was electrifying. And then it was time for lot 118, 2018 high quality replica Rolex ref. 116610LV watches, “an unworn, brightly colored, and attractive stainless steel diver’s wristwatch with center seconds, date, green ceramic bezel, guarantee, and presentation box.” That “Hulk” smashed rationality to smithereens.

The “Hulk” smashes all logic

That particular “Hulk” was estimated to sell between $8,000 and $12,000. It sold for an astonishing $94,500! A quick bio on that green monster to put that price in perspective, maybe? Here goes. The Submariner, with its green dial and ceramic bezel in the same shade, debuted in 2010. It exited the stage on the 1st of September 2020. When in production, the green cheap fake Rolex Submariner 116610 watches had a price tag of $9,050. When a “Hulk”, accompanied by its original box and all the original documents, was auctioned at Christie’s auction house in Geneva as lot #422 (Oct. 11th, 2014) it reached $22,726. In 2018, auction house Sotheby’s sold a “Hulk” made in that same year as lot 503 for CHF 30,240. A lot of money, yes, but still three (!) times less than what was paid for a 2018 “Hulk” at the Phillips 2021 New York Watch Auction. How do we explain it?

The puppeteer on stage

Mass hysteria is one big factor. Please have a look at lot 40 that is up for sale in Sotheby’s December Fine Watches sale, the final sale of the year to take place in Geneva. While I write this, the current bid on this 2017 Rolex Submariner ref. 116610LV replica watches for sale is CHF 17,000. The auction closes in a few days, so the price could still skyrocket, but for now, all is quiet on the shorelines of Lake Geneva.

Or maybe I should say, online. Since this is an online auction, there’s no “school” of bidders in a room, spurred on by a charismatic auctioneer who can play the people in front of him like mere puppets. Still, even with online auctions, bidding wars are not too uncommon. You often see them escalate real quick when the auction is on the brink of closing. Let’s just remain calm and see what this “Hulk” does.

Hammertrack has the numbers

There’s no denying auctions are on fire this year. The year 2020 was slow because COVID-19 held most people in lockdown, so it’s better to compare 2019 with this year when it comes to a total of auction results. Hammertrack is a comprehensive report by The Mercury Project, a data-driven consulting company. It monitors the results of the Swiss movements fake watches auctions achieved by the major auctions houses. According to Hammertrack, the first half of 2021 has been one of the most extraordinary semesters in the watch auction business. Global watch auction sales from Antiquorum, Bonhams, Christie’s, Poly Auction, Sotheby’s, and Phillips ended at CHF 241 million, up 239% compared to the first half of 2020 and up 49% compared to the first half of 2019, before the pandemic.

Why would 2022 be a slow year?

The report doesn’t include the Phillips 2021 New York Watch Auction that realized $35.9 million, or the Phillips Geneva Watch Auction XIV that set a record for the highest-grossing best quality replica watches sale, achieving just shy of $75 million. But with growth such as this, when 2021 is over, the market is set to beat the 2019 figure of CHF 390 million and pass the CHF 400 million mark for the full year of 2021. And why would 2022 be a slow year? There’s no sign yet of the auction market cooling down. On the contrary, the last auctions of the year showed extraordinary results. Remember the early 1957 Speedmaster Ref. CK2915-1 that sold for over $3.4 million at Phillips in November? That “Speedy” smashed the record for the most expensive Omega wristwatch.

Not a dying breed

Is the growing auction market a healthy development, or does it set off alarm bells? Both, I guess. It shows that mechanical super clone watches paypal are far from a dying breed, as some predicted when the Apple Watch came into play. The reality, thankfully, isn’t as grim. In June 2021, watch exports reached CHF 2 billion, which was 12.5% higher than the exports in the same period in 2019. We can just disregard 2020, though, a year everyone in Switzerland and the rest of the world wants to erase from their memory.

But the market is a strange place nowadays. Just think of all the steel sports replica watches site online that Patek Philippe or Rolex produce that are simply not available at your AD. And that causes the strange effect that a white gold Daytona has the same price on the secondary market as a steel one.

The market is always right

You could say the market is always right. But it is somewhat bewildering that the value of the materials used in and the scarcity of a watch count for way less than the forces at work when it comes to the sports fake watches wholesale market. Yes, the Submariner “Hulk” has its unique looks, its history, and the success of the brand to show for itself. But it’s not like Rolex produced just a few of these particular “Subs”. There are best quality replica watches in precious metals out there — straight-up masterpieces that are made in way fewer quantities, requiring way more man-hours to build due to their complicated movements — that cost less than the “Hulk” that sold at auction in New York.

Shady transactions

It brings us back to the question of why you would even buy a green Rolex Submariner at an auction for $90K when you can go online and find one for $25K? To answer that question, you may have to ask what type of buyer is in the picture here. Maybe it’s someone who doesn’t want to be in the picture at all, if you know what I mean.

The trade of exclusive fake watches for men is becoming the money-laundering operation of choice for criminals, according to an article in the Dutch newspaper De Telegraaf. And the Financial Intelligence Unit (FIU) of the Netherlands recently published an alarming article in which they explained how financial criminals use luxury imitation watches to conduct money laundering. The FIU points out that both jewelers and banks don’t always red-flag suspicious transactions. All this casts a dark shadow over prestigious watches.

“Poor” collectors

I think it’s safe to say that purist collectors of fine top quality replica watches on the lookout for that very special piece are not amongst those interested in an obvious status symbol like a Rolex “Hulk”. They probably disapprovingly shook their heads when that “Hulk” reached $90K. And that’s not because a collector is a Scrooge-like character. A seasoned collector is well aware that special watches deserve special prices.

Watches like the Omega Speedmaster ref. 145.012 that achieved $667,800 in the Phillips 2021 New York Watch Auction. This “Speedy” is special because it belonged to Ralph Ellison, the famous author of Invisible Man. This particular Speedmaster is now the most expensive ref. 145.012 ever auctioned. It’s unique and it has pedigree. It’s the stuff passionate watch collectors (or brands, but that’s a different story) pay top dollar for. It’s pieces like this that keep auctions interesting because it’s not about the money, but rather, the watch.

Paying so much more for a Patek Philippe or Rolex at an auction — final thoughts

Auctions are fun. Yes, they are. The buzz, the energy, and the entertaining ways of a skilled auctioneer sure get the adrenaline flowing. It’s a spectacle that never fails to entertain. If you’re there to have a shot at that one watch you so desire, or to get that rare piece that’s missing from your collection — be it a watch from Patek Philippe or Rolex or something completely different— an auction can be the rare opportunity to make a dream come true. But if you want way-less-rare China fake watches store that just happens to be in fashion, and you’re willing to pay a premium price for that, there are better ways to shell out your hard-earned, honest money. Find one with a respected pre-owned seller, and pay the price that comes with the hype. Just don’t get caught up in a bidding war you can’t win.

Heavyweight Bout: UK High Quality Replica Patek Philippe Reference 5170P VS. 5070P (Plus 5070P-013 ‘London’ Edition) Chronograph Watches

From the time that I first made it known that I’d brought home AAA UK replica Patek Philippe watches’ lovely Reference 5170P chronograph, I’ve frequently been asked two questions:

1.How does it stand up to my 1:1 best fake Patek Philippe Reference 5370P split-seconds chronograph watches? I addressed that topic briefly in my “Why I Bought It” article on the 5170P, but may return with another report after I have the benefit of more wrist time with both.
2.How does it compare to Patek Philippe’s prior flagship chronograph, the platinum-cased Reference 5070P?

I don’t own a Reference 5070P (nor for that matter any of the 5070 variants). But happily enough two members of our NorCal watch gang do, and one of the two luxury replica watches is the super-rare Reference 5070-013 “London” edition issued in May of 2015 for the firm’s exhibition at London’s Saatchi Gallery (see Eleven Regal Timepieces From Patek Philippe’s Grand Exhibition At London’s Saatchi Gallery).

Recently, the 5070-013 London edition came my way for some shooting, and between that and some older shots of my other pal’s original Reference 5070P-001 I can share a direct comparison with you.

First things first: falling in love with Swiss movements replica Patek Philippe Reference 5070P watches

It was seven or eight years ago that I first saw a Reference 5070P in the metal at one of our gang’s regular luncheons that happened to have a “chronograph” theme.

I was immediately captivated by the masculine proportions of the watch, the attractively cluttered dial with its white gold applied numerals, and the profile of the 507x-style case (which also serves exceptionally well in the much more complicated guise of the Reference 5074 perpetual calendar minute repeater featured in The Great Chime-Off: perfect fake Patek Philippe Minute Repeater References 5074P And 5078P watches.

In 2012 I managed to borrow this 5070P-001 for a photo session using my 2012 equipment and 2012 photographic skills; I recently went back through my photo files and above and below are a couple of shots that at a minimum do a decent job of imparting a sense of the gravity of the watch and the captivating slate-blue color of the dial.

As I’ve had the opportunity to compare and contrast Reference 5070 and Reference 5170, one thing that has struck me is how cleverly top Patek Philippe replica watches wholesale managed to package the Lémania-derived Caliber CH 27-70 movement with its 27.5 mm diameter into a wristwatch that, at 42 mm in overall diameter, is one of Patek Philippe’s largest ever.

If you look carefully, you’ll notice that the subdials for the 30-minute chronograph counter and running seconds are actually quite close to the center of the dial.

Fake watches store online with a “cross-eyed” appearance revealing a too-small movement inside are a pet peeve of mine, but Patek Philippe’s use of a double outer railroad track for the chronograph seconds and tachymeter fills the space so well that until now I’d never noticed the inboard subdial placements.

Time passes: enter Swiss made Patek Philippe Reference 5170P fake watches

After I’d first had a chance to check out Reference 5070P in detail, it took up a prominent position on my “objects of desire” list; but I wasn’t alone in my longing, and the prices for the few pre-owned pieces that came to market began high and then got higher. So I never pulled the trigger.

Fast forward to Baselworld 2017 and I had my socks knocked off again, this time by the newly introduced Reference 5170P with its striking blue-black dégradé dial and sparkly-but-distinguished applied diamond baguette-cut hour markers.

I’ve written in detail here previously about the 5170P so won’t go on at great length now, but I’ll foreshadow my conclusions below by saying that for me Reference 5170P is in every way a worthy successor to its platinum forebear.

And then there were three: replica Patek Philippe Reference 5070P-013 “London” edition watches for sale

In July of 2017, I had the opportunity to meet up with watch friends from around the world at the Patek Philippe Grand Exhibition in New York. One of the great treats of that visit was the opportunity to see a pal’s newly acquired Reference 5070P-013 London edition fake watches site.

Our group of collectors had the opportunity to compare this watch with an example of the original 5070P, and a debate immediately broke out: was the dial of the “London” watch lighter or darker than the original version?

The lighting at any particular moment played a role in one’s perceptions, but at the same time it seemed that overall views differed from person to person.

To my eye, at least, the color of the limited-edition watch is a truer blue than Reference 5070P-001’s blue-grey, and the tone is somewhat lighter. But as you can see in the photo below, depending on the angle and conditions the perceived “lightness” of the dial can change quite a bit.

If you compare the dials of the two best quality copy watches, you’ll also be able to pick out some other subtle differences, including:

a different font for the “Patek Philippe Geneve” inscription
different shapes on the printed numerals 1 and 7 and some of the 4 numerals
the size of the numerals printed on the subdials
at least to my eye, more pronounced subdial grooves on the newer watch

One area in which the two cheap replica watches are identical is the movement side, with a striking view of the Caliber CH 27-70 movement presented by top Swiss Patek Philippe imitation watches in 1986 and first incorporated in its yellow gold Reference 5070J in 1988.

As on the front of the watch, Patek Philippe had to do some work to make the 27 mm diameter movement work visually in 42 mm replica watches for men; at the rear the stepped bezel and angled outer edge of the screw-on case back guide the eye in to a movement that in turn is not deeply sunk into its case, helping to alleviate the impression of a smallish movement size.

Side by side: fake Patek Philippe References 5070P and 5170P

On to the main event! When you get the 5070 and 5170 side by side, both the clear differences and underlying family resemblance are apparent.

Interestingly, to my eye at least, the two luxury fake watches appear to be quite similar in size, even though the 5070 is almost 3 mm larger in diameter, as the more open dial and thinner bezel of the 5170 trick the eye. The simpler Calatrava-style case of the 5170 works well with the open, modern look of the watch – although I find the 507x case with its stepped bezel and lugs hard to beat.

A closer view reveals additional details:

The color gradation of Reference 5170 is just killer and one of the things that immediately drew me to the watch.
The tonal contrasts on Reference 5170 are more pronounced, with broader (and perhaps brighter) printed numerals and even a lighter silver tone on the central chronograph seconds hand with its broader tail.
Reference 5170 loses the “sector” look of the outer scale of its predecessor but re-introduces it as a feature surrounding the printed numerals on the subdials.
Based on the architecture of the movement, the subdials on Reference 5170 are placed both closer to the edge of the dial and slightly offset below the 3-to-9 axis. The latter feature bugs some people, but I don’t mind it at all.
To my eye the modified dauphine hands with lume on Reference 5170 are one thing that I might have changed (don’t ask me how!) but they are a clear shift from Reference 5070’s leaf hands.
Applied white gold numerals vs. baguette-cut diamonds! For me both are absolutely consistent with the design of the remainder of their respective super clone watches shop and I love them both.

A quick flip and we’re on to the movement sides. I’m a fan of the earlier Caliber CH 27-70 and its Geneva Seal, but when push comes to shove the size, openness, and visual pop of the in-house Caliber CH 29-535 PS really speak to me, and I love details like its black-polished column wheel cap. I’m also convinced by its functional advancements that include hacking seconds and instantaneously jumping chronograph minutes.

Each movement seems completely coherent with the rest of its respective watch: the 27-70 is more old school meets steampunk to my eye, while the 29-535 is very much twenty-first century design.

On the tactile front, both have a fairly light but natural manual winding feel. When it comes to the pushers, the 5170 to me has a more pleasing progressive feel to the start/stop pusher than the 5070, while the 5070 exhibits a more balanced level of effort required to actuate the start/stop vs. return pusher than the 5170, whose return to zero feel is quite light.

On the wrist

Let’s face it: life could be worse than having the chance to strap on these wonderful replica watches paypal! After finishing up in the light tent I could hardly wait to get Reference 5070P-013 on my wrist for a quick bit of shooting outdoors.

Next up was Reference 5170P, and in natural light the blue-black color has to be seen to be believed.

And thanks to the miracle of an 8 TB backup drive and a just-good-enough filing system, I was able to dig out one of my earlier photos of Reference 5070-001 for comparison purposes.

What’s the verdict?

I’ll confess that when I began this comparison I fully expected that at the end of the day I’d have a strong preference for Reference 5070P, a watch that I’ve lusted after for the better part of a decade now, over my own Reference 5170P.

It came as a bit of a surprise that once I’d handled, shot, and scrutinized both I found the race pretty much a dead heat. Maybe if somewhere in the 2021 Patek Philippe replica watches vaults in Geneva there were a Reference 5070P with the more modern fonts and printing proportions of the “London” edition and the blue-grey color of the original Reference 5070 I’d be tempted to sell off a number of perfect China fake watches and get down on bended knee to ask for it. But that seems somewhat unlikely.