Only Watch 2011 ? Strange Days In Monaco

It would seem that the sun-beams of market recovery have not reached all shores just yet. On September 23rd, the 4th edition of the biennial charity auction ONLY WATCH closed with a result of EUR 4,563,000. This may sound like an outstanding result on the face of things, but a closer look at the details of the auction definitely shows that the market has not quite returned to the heady excess of pre-GFC times, at least not this year anyway.

Source: http://feedproxy.google.com/~r/TheWatchLounge/~3/h6_jbFoqN8Y/

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