Surprising Auction Results and "Irrational Exuberance" | Market Wrap

Last weekend was the Geneva Phillips Auction with plenty of unique and impressive watches going up for sale and Mike Manjos is here to break down some of the biggest moves that happened! As usual he starts with talking about some of our favorite pieces we bought such as the Panerai Luminor Chronograph, Patek Philippe Calatrava, and the MB&F Legacy Machine. He then dives into the auction results as there was some surprising moves with pieces like an original F.P. Journe Resonance and Tourbillon Souscription along with Rolex Pepsi's and Batgirl's going at double expected price. Finally, he highlights what we're looking to buy which might not surprise too many - with how hot F.P. Journe is it's impossible to not be looking for them! Don't forget to like, comment, and subscribe! 00:00 Introduction 00:35 Panerai Luminor Chronograph (PAM 327) 01:14 Patek Philippe Calatrava (5296G-001) 01:50 MB&F Legacy Machine 02:33 Auction Results - Patek Philippe 03:07 Auction Results - F.P. Journe 04:44 Auction Results - Rolex 06:02 What We're Buying Please Subscribe: https://www.youtube.com/@the1916company/?sub_confirmation=1 View hundreds of hands-on luxury watch reviews at The 1916 Company Watch Reviews channel: https://www.youtube.com/@the1916companywatchreviews/?sub_confirmation=1 Instagram: https://www.instagram.com/the1916company BUY WATCHES HERE: https://www.the1916company.com