CISO1969 said:
Any information that could be helpful to someone wanting to put together their own Angelus project seems to be the big secret here and on other boards.
I have heard this complaint more than once, if you read my e-mail, if would give you a headache. In the light of the PAM203 auction for 1 mill should clue everyone in, that the ANGELUS movement is a rarity. More and more people want it and there aren't any more to be had. The pool is finite. Everyone that comes up for sale is a scramble.
In the past year THIS community and the paneristi have caused even more of an effect. We can blame PANERAI initially for issuing the PAM203 and showing us 150 NOS movements to lust after. An invitation only group of buyers were graced with these ... it only fed the flames.
One year ago, the average High price on a 'correct' movement clock was $300. My best auction was $67 but those days are just not here anymore. Interest, demand has inflated the price of auctions.
When I was buying movements, I had people watching my every move, I had one member here turn into a stalker, another bought a movement from me and then posted and spread the rumour I charged 4X the price I sold it to him - he is now one of the "authorities" that still posts on rep boards.
These are your friends that are sharing and having fun ...
Prior to DEC 2006 the prices on ANGELUS skyrocketed due to all the strain. As an example here are some recent ebay auction ends, the last two were crap movements and are worth maybe $20 if they are in good nick, (just like the ones posted above, which are not and good for the purpose people want them and you OFTEN find people selling them with misrepresentation on ebay, they promote the misinformation that they are ANGELUS and imply they are useful. Look at the movemements above, YOU CAN'T MAKE A WATCH out of them ...
RECENT AUCTIONS:
Angelus Naveo 8 Day 4 Function Travel Companion $689.00 Ended (this clock was broken and commanded $700!)
RARE ANGELUS NAVEO, 8-DAY, 5 DIAL, WEATHER STATION, $2,827.77 Ended (This has become commonplace as the going price and this was a bloody BACKWINDER!)
The price is so inflated that now even the WRONG movements are selling for 10X the price that they sold for 1 year ago.
Tiny Angelus Alarm Clock 17 Jewels Swiss $281.55 Ended
Shelf/Mantel Clock 15 Jewels by Angelus (Swiss) c. 1960 $350.55 Ended
So when people ask me how to spot a correct auction, I decline. I am not happy that I have to now pay $2K for a movement that went for $300 and I will not support inflating that amount higher.
So, it's true. the mantra is, "go Learn it yourself" This hasn't happened just once. It's been common. WatchMaster originally created the Vintage PANERAI market almost single-handed and his inflated retail prices quickly boosted the auction price on Rolex and Cortebert movements, because people saw what you could do with them and suddenly everyone wanted them. These Pocket Watches saw the same inflationary rise, Rolex was further boosted by the brand, but it's price went up with the demand ... Cortebert used to be $50 a pop, [and still that is about what they're worth!]
So fool me once, fool me twice, fool me thrice? No.
Is it selfish? I think it is, and I think it's self preservation. In fact I have got to the point that I don't even like showing the resultant projects. I have shown 3 of the 5 Angelus projects I have made, but I don't think I am going to post the others. Every time I do, I just get more grief for simply sharing something I have done.
That's never enough, I either have to describe how I did it, tell others how to make their own, (which I guess includes the full course of how to be an independent watchmaker) as these projects make professionals go grey. If I won't do that, can I then; Make them one, sell them a movement, sell them parts because they've bought five auctions (Ha Ha I out bid you) but I broke them and now I need parts, do you have any?
Sadly, I am not making this stuff up, this is crap I read in PMs and e-mails. This is why I have removed any intent that I sell ANYTHING, nor do I imply or advertise that I do modification work, sales, parts, etc.
Still, the question remains and gets posted ...