A wealthy person making a really big tax write-off to charity and they get a watch in the process is really not the best way to determine the "value" of said watch.
Just because I got a tote bag from from the NPR station after donating doesn't mean it is worth the $25 I gave to the radio station.
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I agree that this wasn't a good way to determine the "value", but I don't think that the bidders were bidding because of the charity. I suspect the motivations were more for bragging rights than for any noble gesture.
If you watch the Barret Jackson auto auctions, you often see a car auctioned for charity where the winning bidder immediately turns around and donates the vehicle to be auctioned off again. In my mind, that is truly being philanthropic.
Hold up are you saying the system is somehow tought in favor of the wealthy? nooooo!! haha :)
A fucking piece of jewelry selling at auction for a grotesquely obscene amount of money and so much ink getting spilt over the ephemera of the ultra-rich?
Per your username and in the great words of Mr. Vonnegut...so it goes.
To quote Vonnegut again, this is what I think about all the noise around luxury watch "culture" (Rolexes, Pateks, and the like): *
A fucking piece of jewelry selling at auction for a grotesquely obscene amount of money and so much ink getting spilt over the ephemera of the ultra-rich?
Per your username and in the great words of Mr. Vonnegut...so it goes.
To quote Vonnegut again, this is what I think about all the noise around luxury watch "culture" (Rolexes, Pateks, and the like): *
Sad, but true