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The 25 Most Expensive Watches Ever Sold at Auction Teddy Baldassarre
Oct 20, 2023

The 25 Most Expensive Watches Ever Sold at Auction

How much would you pay for a watch? What if it was the only one of its kind, or a record-breaker in terms of complications, or once owned by someone famous or historically significant? And just how expensive are the most expensive watches to ever change hands in a sale? In today's red-hot watch auction market, the answers, and the sums, may surprise you. Here we run down the list of the top 25 watches in descending order of the price they fetched on the auction block, while spotlighting some of the timepieces with the most fascinating backstories and representing the most impressive technical achievements. You'll find the expected abundance of watches from Patek Philippe and Rolex (the clear leaders in the category) but also a few from other watchmakers, large and small, who've recently broken into the upper echelon. At the end, we'll spotlight the highest selling watches from a few other brands that didn't crack the top 25 but maintain a robust presence on the watch auction scene. 1. Patek Philippe Grandmaster Chime Ref. 6300A-010 ($31.19 million, 2019, Christie’s) Patek Philippe unveiled the first Grandmaster Chime watch in 2014 as part of the many celebrations around the Genevan maison’s 175the anniversary. The reference that made history at the Only Watch auction in Geneva in 2019 was a unique piece, the only Grandmaster Chime ever crafted in stainless steel; the Grandmaster Chime models in Patek’s regular collection are all made in precious metals. The watch...

Watches and What Else: the Intersection of Pens and Horology with Brett Braley-Palko Worn & Wound
Oct 19, 2023

Watches and What Else: the Intersection of Pens and Horology with Brett Braley-Palko

Editor’s Note: Watches and What Else is a continuing series where we look at some of the other things our watch collecting community is interested in. We’ve always found watch collectors to be a curious, well rounded bunch, and in this series we’re going to explore a variety of the watch adjacent (and sometimes, not so adjacent) interests of collectors of all stripes. From illustration to aviation, video games and comics to heavy metal and craft cocktails, there’s a lot to explore, and we think you’ll enjoy diving into the pursuits that your fellow watch enthusiasts are passionate about.  This week, Chris Antzoulis talks to novelist, pen industry veteran, and Worn & Wound contributor Brett Braley-Palko about the unexpected connections between mechanical watches and fine writing instruments.  If you stay current with what’s up in the watch space by consuming your daily fill of articles here at Worn & Wound, then you will recognize the name of my subject this month. Brett Braley-Palko is also a fellow W&W; contributor, a watch enthusiast, and an all-around guru on style. However, this is a writer who takes his scribbling seriously. He has quite the collection of pens and is more than happy to share this love with the rest of us.  Watches Brett fell into the world of watches within the last year and says “the threshold into getting into any industry with a big cult following is to recognize your level of expertise and being humble with it […] When I first st...

IWC Scales Down the Pilot’s Chronograph Top Gun Mojave Desert SJX Watches
IWC Scales Down Oct 19, 2023

IWC Scales Down the Pilot’s Chronograph Top Gun Mojave Desert

After recently introducing a pilot’s watch with a fully-luminous dial and the Big Pilot perpetual in white ceramic, IWC continues to grow its aviation-inspired offerings with the Pilot’s Watch Chronograph 41 Top Gun Mojave Desert. First introduced as a limited edition in 2019, the sand-coloured ceramic chronograph is now regular production and in a more wearable size of 41 mm. Initial thoughts One of the standouts in the Top Gun collection has been the Mojave Desert with its beige tones – definitely an unusual colour for a oversized sports watch. However, the colour was only applied to larger models to date. The reintroduction of the Mojave Desert in a more compact size, and standard production to boot, is a good thing – though probably not such a good thing for owners of the limited edition version. The smaller case helps with wearability, making this desirable colour combination available to a wider audience. Size aside, there is no major point of difference. The same can be said for price: the new Mojave Desert chronograph retails for US$11,700, mirroring the price tag of the other ceramic chronographs in the collection. A new size, but same style The Mojave Desert chronograph is the latest addition to the “Colours of Top Gun” collection that draws inspiration from the US Navy’s flight school. The colour choice for this model is influenced by the Mojave Desert that surrounds the US Navy’s TOPGUN fighter pilot academy, and its pilots’ distinctive flight...

Louis Erard’s Most Ambitious Collaboration Yet: a New Tourbillon with Old Friend Alain Silberstein Worn & Wound
Louis Erard s Most Ambitious Collaboration Oct 18, 2023

Louis Erard’s Most Ambitious Collaboration Yet: a New Tourbillon with Old Friend Alain Silberstein

This week, Louis Erard caps a fruitful, multiyear relationship with Alain Silberstein that has had a profound impact on the stock of both parties in the larger watch space. Silberstein, after a period where his watches were all the rage, had faded somewhat from our collective memory by 2021, and Louis Erard, too, was adrift. They made very high quality and unique watches for the money, but weren’t really the focus of enthusiasts and collectors. Now, through a series of collaborations with Silberstein and others, Louis Erard occupies a very different niche in the collector arena, and we’ve seen a renewed interest in Silberstein’s work as well in the years since his design language has been put spotlighted by these collaborations. Now, in what feels like a culmination of the work they’ve done together, Louis Erard has released a limited edition box set that adds a new color option to a prior collaboration, and, oh yeah, a tourbillon. No big deal.  The Le Triptyque Louis Erard x Alain Silberstein Khaki is a new spin on their second collaboration, a collection of three watches (available as a collector’s set) featuring a unique titanium case framed with brancards. The watches in that collection featured a regulator, a day-date complication, and a chronograph, all with the hallmark Silberstein combination of colorful shapes in lieu of traditional hands. For this set, the black dials have been swapped for a dark green khaki, and the chronograph is now a tourbillon. It...

Microbrand Fair Spring Sprang Sprung Returns to Singapore SJX Watches
Behrens Boldr Oct 18, 2023

Microbrand Fair Spring Sprang Sprung Returns to Singapore

Following on from its inaugural event last October, Spring Sprang Sprung (SPRG) is set to return to XM Studios in Singapore from October 20-22. With a growing roster of microbrands exhibiting, the exhibitors will also be joined by Oris. Founded by Yong Keong Lim, owner of Feynman Timekeepers, and Sugiharto Kusumadi, founder of Red Army Watches, the concept behind SPRG is a community-minded watch fair that is casual, welcoming and inclusive. With a number of talks and practical workshops planned over the three days to accompany the 36 exhibiting brands, there will be plenty to do.  With a focus on local and regional microbrands, leather-goods makers, and watch storage specialists, the exhibitors include Behrens, Boldr, and Yi Leather. A number of brands will also be using the fair as a platform to launch new products. Hoping to make the fair open to as many people as possible, entry is free with tickets available through an online registration. SPRG will be open from October 20-22, 11 am-6 pm daily, apart from the last day when it closes at 5 pm.  XM Studios Kitchener Complex, Level 3 809 French Road Singapore 200809 To register for a free ticket, click here. 

The Tissot Sideral is Both a Re-Interpretation and Trendsetter Worn & Wound
Tissot Sideral Oct 17, 2023

The Tissot Sideral is Both a Re-Interpretation and Trendsetter

One of the more adventurous releases from Tissot as of late, the Sideral S is not an entirely new concept; it is a modern reinterpretation of the original from 1971. That watch was a huge-for-its-time 42mm regatta timer whose case was forged from, of all things, bakelite. Rolex 6542 enthusiasts and others know this wasn’t the most durable material, and Tissot has reissued the Sideral – this time in carbon fiber and stainless steel and we have them available now in the Windup Watch Shop. Look closely, though, and you’ll realize this is a watch that not only embodies a few current trends but may set some new ones of its own. In this case (see what I did there?), it’s what’s on the outside that counts. One of the more adventurous releases from Tissot as of late, the Sideral S is not an entirely new concept; it is a modern reinterpretation of the original from 1971. That watch was a huge-for-its-time 42mm regatta timer whose case was forged from, of all things, bakelite. Rolex 6542 enthusiasts and others know this wasn’t the most durable material, and Tissot has reissued the Sideral – this time in carbon fiber and stainless steel and we have them available now in the Windup Watch Shop. Look closely, though, and you’ll realize this is a watch that not only embodies a few current trends but may set some new ones of its own. In this case (see what I did there?), it’s what’s on the outside that counts. The post The Tissot Sideral is Both a Re-Interpretati...

[VIDEO] Owner’s Review: the Tudor Black Bay “Burgundy” Worn & Wound
Tudor Black Bay “Burgundy” I Oct 16, 2023

[VIDEO] Owner’s Review: the Tudor Black Bay “Burgundy”

I don’t look at Tudor in the same way as some of my colleagues. I’ve always liked and admired the brand, and I’ve owned their watches in the past, but for me they come up well short of a brand that I’ve ever obsessed over. They make very good watches, and represent an excellent value in the larger market, but when a new Tudor is released and the entire Watch Internet stops in its tracks to dissect it to the micron, I always feel a little lost. They just don’t inspire a desire to dive into that level of analysis for me. It’s how I feel about ER versus The Sopranos. Both shows I love and find myself rewatching often. I could podcast every week about The Sopranos, but I just don’t have a lot to say about ER.  But when I saw the new Black Bay 41 in burgundy at Watches & Wonders this year, it felt different. It was like the Tudor portion of my brain, which might previously have been lobotomized, was magically activated, possibly for the very first time. It could have been the high of that first meeting of the show, the lighting in the booth, being in an over-caffeinated state, or the promise of those little sandwiches in the press lounge in a matter of hours, but I was in a particularly receptive mood for this watch. I remember it immediately standing out among their entire crop of releases, which had not yet been through the cycle of hype to come. I distinctly recall thinking that the new 41mm Black Bay was going to be the star pupil of this year’s novelties, ...

Girard-Perregaux Neo Constant (Force) Escapement: The Evolution of a Revolution Quill & Pad
Girard-Perregaux Neo Constant Force Escapement Oct 16, 2023

Girard-Perregaux Neo Constant (Force) Escapement: The Evolution of a Revolution

While it is remarkable how Girard-Perregaux made the movement, it is even more astonishing how they turned it into such an incredibly good-looking watch. Compared to its predecessor, the Neo Constant Escapement has a very wearable size of 45mm in diameter at a thickness of 14.8mm. It sits nicely on even a smaller wrist thanks to relatively short lugs, while the titanium case keeps the weight down.

Now In The Shop: Breaking Barriers With AVI-8’s New Bell X-1 Automatic Limited Edition Worn & Wound
Oct 15, 2023

Now In The Shop: Breaking Barriers With AVI-8’s New Bell X-1 Automatic Limited Edition

AVI-8 is a new brand to the Windup Watch Shop, and they’re debuting with the all-new Bell X-1 Automatic Limited Edition. Formed in 2012, AVI-8 set out to explore the world of aviation through horology. The brand draws inspiration from all facets of aviation, whether it’s an iconic aircraft, record-breaking feat, or act of bravery. The Bell X-1 Automatic pulls from all three, commemorating Chuck Yeager’s history making flight of the Bell X-1 aircraft well past the speed of sound. AVI-8 is a new brand to the Windup Watch Shop, and they’re debuting with the all-new Bell X-1 Automatic Limited Edition. Formed in 2012, AVI-8 set out to explore the world of aviation through horology. The brand draws inspiration from all facets of aviation, whether it’s an iconic aircraft, record-breaking feat, or act of bravery. The Bell X-1 Automatic pulls from all three, commemorating Chuck Yeager’s history making flight of the Bell X-1 aircraft well past the speed of sound. The post Now In The Shop: Breaking Barriers With AVI-8’s New Bell X-1 Automatic Limited Edition appeared first on Worn & Wound.

Girard-Perregaux Unveils the New and Improved Constant Escapement SJX Watches
Girard-Perregaux Unveils Oct 14, 2023

Girard-Perregaux Unveils the New and Improved Constant Escapement

Still one of the most notable escapements on the market despite being a decade old, Girard-Perregaux’s double-wheel-and-silicon invention has been refined and revived as the Neo Constant Escapement. Presented in titanium, the Neo Constant Escapement is the regular production version of the unique piece in pink gold made for Only Watch 2023. The calibre within is a revamped version of the 2013 original that retains the double escape wheels and integral constant-force silicon spring, but reworked for superior function. Initial thoughts Technically impressive as it was, the original Constant Escapement (CE) from 2013 was huge (the case was 48 mm, making size one of its biggest weakness) and expensive at the time. That explains in part why the CE never caught on despite its merits. The revamp of the watch ten years old has substantially improved both its function and form. The Neo Constant Escapement (NCE) is both more wearable and more appealing in terms of design. Besides being more compact, the “Neo” case also has a highly domed crystal that shows off the escapement well. Even though the watch has been redesigned, the NCE retains the hyper-modern, open-worked styling of the original. The look certainly suits the inventive nature of the silicon escapement, though it would have been interesting if GP experimented with a classical design, which might have been ironic but attractive for the contrasting ideas. Equally important is the fact that the retail price remains ab...

REVIEW: Adding A Bit Of Sophistication With The Speake-Marin Ripples Original WatchAdvice
Speake-Marin Oct 14, 2023

REVIEW: Adding A Bit Of Sophistication With The Speake-Marin Ripples Original

If you’re after a sporty chic watch that will set you apart, the limited production Speak-Marin Ripples Original in black could be the out of the box choice! What We Love The ripple effect dialThinness of the caseWears extremely comfortable What We Don’t Bracelet clasp is tricky to undoLack of water resistanceNo lume on the dial Overall Rating: 8.625/10 Value for money: 8/10Wearability: 9/10Design: 8.5/10Build quality: 9/10 When it comes to the world of watches, the smaller independents often come second to the larger mass luxury brands. With the exception of a few high Haute Horology Maisons, many are overlooked by collectors and buyers alike. Partly due to the lack of mainstream brand presence, i.e marketing dollars, and partly due to the entry pricing of them, with many starting in the 10s of thousands of dollars. But for a good reason! Speake-Marin is one of these brands. The Maison is just 20 years young, and fiercely independent since the English/Swiss watchmaker was bought by an ambitious and ardent female entrepreneur, Christelle Rosnoblet in 2012. With it’s brand roots in England, yet now calling Switzerland home, the Maison’s pieces are developed, assembled and controlled in a fine watchmaking workshop, Le Cercle des Horlogers, which works hand in hand with Speake-Marin’s creation studio based in Geneva. The Speake-Marin Original Ripples Original Black Speake-Marin’s philosophy is simple, and boils down to three elements: All its collections are propo...

Reflecting on Ten Years of the Sensational De Bethune DB28 – Reprise Quill & Pad
Audemars Piguet Oct 14, 2023

Reflecting on Ten Years of the Sensational De Bethune DB28 – Reprise

It’s been more than ten years since the De Bethune DB28 won the Aiguille d’Or at the Grand Prix d'Horlogerie de Genève. Effectively the “Best Picture” at the “Oscars” of watchmaking, this recognition placed De Bethune among the elite company of Aiguille d’Or winners such as F.P. Journe, Greubel Forsey, Breguet, Audemars Piguet, A. Lange & Söhne, and Patek Philippe. A decade removed from its Hollywood ending, the DB28 remains a grail watch in every sense.

Everything you need to know about Glashütte Original Time+Tide
Glashütte Original Oct 14, 2023

Everything you need to know about Glashütte Original

The history of the Glashütte watchmaking region is truly fascinating, having survived all kinds of turmoil from poor mining returns, natural disasters and wars. In spite of this, it was the star of Germany’s watchmaking capability for centuries. Glashütte Original’s founding was not a typical one for a watch company, tracing its roots either to … ContinuedThe post Everything you need to know about Glashütte Original appeared first on Time+Tide Watches.

Tool/Kit: Speed Flying in Utah with Tyler Woolstenhulme and the Fortis Novonaut N-42 Cobalt Blue Worn & Wound
Fortis Novonaut N-42 Cobalt Blue Oct 13, 2023

Tool/Kit: Speed Flying in Utah with Tyler Woolstenhulme and the Fortis Novonaut N-42 Cobalt Blue

Chances are you’ve heard of hang gliding, and you might have even heard of paragliding. But have you ever heard of speed flying? We spent a day on the side of a mountain in Utah’s Wasatch Front with speed flyer, Tyler Woolstenhulme, and his fast-flying friends, along with the new Novonaut N-42 Cobalt Blue by Fortis. This watch was an effective companion to this adventurer who chases sunrises and sunsets for that ideal air that will send him speeding down a mountainside just feet from the treetops. We caught up with Tyler after this amazing day of passionate pursuit.   Hey Tyler, thanks so much for chatting with us. Tell us a bit about yourself. What do you do for your day job and what are your hobbies and passions? My name is Tyler Woolstenhulme. I’m originally from Idaho, so I grew up in an outdoorsy state skiing, camping, doing all kinds of outdoor activities. I moved to Utah about 20 years ago where I picked up mountain biking, waterskiing, canyoneering, and… speed flying. For pretty much outdoor activity, I either have the gear or will quickly find the gear for it. For my day job, I work remotely selling software and have the luxury of working where my laptop is. This often affords me the flexibility of being in places that are in close proximity to doing the things that I love.   The post Tool/Kit: Speed Flying in Utah with Tyler Woolstenhulme and the Fortis Novonaut N-42 Cobalt Blue appeared first on Worn & Wound.

Grand Seiko Expands their Mid-Size 44GS Offerings with Two New References Worn & Wound
Grand Seiko Expands their Mid-Size 44GS Oct 12, 2023

Grand Seiko Expands their Mid-Size 44GS Offerings with Two New References

One of the more exciting releases from Grand Seiko over the last couple of years (we know – there have been a lot of new Grand Seiko releases) was the limited edition SBGW289, a pink hued watch in a 44GS case with a throwback size of just 36.5mm. Naturally, plenty of people were excited about the pink dial, but hardcore Grand Seiko nerds were particularly into the idea of a smaller 44GS case, more in-line with vintage Grand Seiko proportions, and this LE that debuted in April of last year seemed to point toward future releases along these lines that might not be so limited, and perhaps even be in more classic and sober dial colors. With Grand Seiko’s latest release, they continue to build out the lineup of smaller 44GS cases with a pair of watches that feel like they could have been part of the Grand Seiko catalog since the 1960s.  The new SBGW297 and SBGW299 have dials in white and blue, respectively, each with a classic, heavy, sunray pattern emanating from the center. This isn’t a subtle, brushed sunray texture, but a more defined series of fanned ridges that are more clearly visible and should play with the light in interesting ways. The dials, and the watches more broadly, are directly inspired by styles dating back to the 1967 introduction of the 44GS design, and there’s an understated simplicity here that is certainly core to the Grand Seiko aesthetic.  The cases match the 36.5mm proportions of last year’s SBGW289, which means they offer all of the inher...

Atelier Wen and Revolution Team Up for a Second Time on a Gorgeous Perception Limited Edition Worn & Wound
Atelier Wen Oct 11, 2023

Atelier Wen and Revolution Team Up for a Second Time on a Gorgeous Perception Limited Edition

Atelier Wen is a unique proposition in the watch industry. The brainchild of Robin Tallendier and Wilfried Buiron, the 5-year old company has made its mark by presenting watches inspired by Chinese culture. Its second model line, the Perception, features a true guilloché dial hand-carved by one Chinese Master Cheng Yucai. This model – and the brand – have attracted attention for what is considered a rare level of handwork on a dial for its price point. The latest iteration of the Perception comes to us via a collaboration with watch media favorite Revolution. This is the Atelier Wen x Revolution Perception ‘Càn’. The first go around for Atelier Wen and Revolution was a hit. It was called the ‘Xi’, meaning ‘jubilation’ in Mandarin. That Perception was paired with a rubber strap and featured a glorious red dial. All 100 promptly sold out. This latest collaboration is called the ‘Càn’ (粲), meaning ‘brightness’ or ‘splendor’, and looking at the watch, it’s clear why. The Càn’s dial is a champagne sunburst flinqué giolloché, and it is striking. Story has it that Master Cheng Yucai was intrigued by the technique and art of rose turning pioneered by the English and Swiss but was unable to procure his own machine. Undeterred, he set out to design and build his own machine and filed several patents along the way. On a basic level, the rose turning machine enables a human to carve intricate designs and patterns on a dial. Notable watchmakers l...

The 48 Best Automatic Watches Under $500 Teddy Baldassarre
Oct 11, 2023

The 48 Best Automatic Watches Under $500

Let’s be honest: not everyone can spend thousands of dollars on every new watch purchase, especially someone who might just be getting into the watch collecting hobby or perhaps looking to spend $1,000 or so to assemble his or her first three-watch collection. Fortunately, there are a plethora of options out there in the sub-$500 watch category, with choices from the usual suspects like Seiko, Citizen, Swatch, Timex, and Orient, as well as from several microbrands that offer worthwhile options in that narrow price range as well. Here we have compiled a selection of the best automatic watches under $500 that deserve to be on your radar - and perhaps even in your collection. Before we begin, some important ground rules: Our curated list will feature watches costing under $500, and equipped with an automatic movement inside. The very few exceptions to the under-$500 rule will be called out in the descriptions below. As always, we can’t include every potential watch that meets the criteria in this range, but you can find some others in several other guides on our site, such as our lists of The 60 Best Seiko Watches and The 51 Best Microbrands. Finally, in order for this list to flow properly, the watches will be grouped together according to the following style categories: 1) Dive, 2) Dress, 3) Everyday Finally, at the end of the list, we will shout out a handful of watches that are worthy of notice but just missed the cut on price. Dive Watches: S...

Alsta Refreshes the Nautoscaph with Three Vintage Inspired Skin Divers Worn & Wound
Oct 11, 2023

Alsta Refreshes the Nautoscaph with Three Vintage Inspired Skin Divers

Fans of the skin diver, the easy to wear style of dive watch that has become core to the watch-nerd lifestyle in recent years, will be excited to hear about the new Nautoscaph Skin Divers from Alsta, a watch brand that was truly there at the beginning of the skin diver movement in the heyday of recreational SCUBA diving decades ago. It’s very easy, in my opinion, to see the appeal of the skin diver. They were made to be an approachable alternative to more professional oriented dive watches years ago, and those design characteristics that made them appealing in the 60s and 70s remain alluring today. These watches tend to have smaller case sizes that are thinner and easier to handle than bigger, chunkier divers that are rated to go much deeper. Plus, you still get an ultra practical, highly legible dial. Ditto for the timing bezel. What’s not to like?  Alsta is perhaps best known these days for being associated, somewhat loosely, with Jaws, which we covered earlier this year in podcast form. Richard Dreyfuss, as Matt Hooper, wore an Alsta throughout the film, in a way that can only be described as inconspicuous and incredibly casual. It just feels like the right kind of watch for a character who might or might not need to do a little diving, and it looks at home topside in a variety of situations, which is part of the point of a skin diver to begin with. The new Nautoscaphs seen here certainly have a similar vibe, and would make sense on the wrist of Matt Hooper or his ...

The Piaget Polo Perpetual Calendar Ultra-Thin commits to green and gold Time+Tide
Piaget Polo Perpetual Calendar Ultra-Thin Oct 11, 2023

The Piaget Polo Perpetual Calendar Ultra-Thin commits to green and gold

Bright and flashy colours were initially seen as a returning trend when they first started cropping up a couple of years ago, but unlike the Stella dials or funky divers of the 1970s, colours have permeated all corners of watchmaking. A perpetual calendar watch is possibly the ultimate commitment to a colour, as it’s fully … ContinuedThe post The Piaget Polo Perpetual Calendar Ultra-Thin commits to green and gold appeared first on Time+Tide Watches.

Seiko Goes Historical Again with the Prospex Land Mechanical GMT SPB411 SJX Watches
Grand Seiko models Oct 11, 2023

Seiko Goes Historical Again with the Prospex Land Mechanical GMT SPB411

Following the release of the 1970s diver reissue and a solar chronograph inspired by a 1990s design, Seiko has reintroduced another historical model as the Prospex Land Mechanical GMT Limited Edition SPB411. This remake draws inspiration from the Navigator Timer from 1968, the brand’s first dual time zone watch with a 24-hour rotating bezel. Now it’s been given a modern update with a new calibre and tweaks to the dial design while retaining the retro tonneau-shaped case. Initial thoughts The Navigator Timer is not quite as famous as its diving or chronograph counterparts, but still an important vintage “tool” watch amongst vintage Seikos. The Japanese brand has executed its long-awaited revival admirably, offering a contemporary interpretation with a modern movement while maintaining the essence of its original design. It’s worth noting that this reissue should be more accurately described as a dual time zone watch with an independently adjustable 24-hour hand, rather than a genuine GMT with an adjustable local-time hour hand, a feature usually seen in higher-end Grand Seiko models. This distinction means that setting the watch for different time zones involves a few extra steps. However, given its price point, this compromise remains entirely reasonable. Priced at US$1,600, it’s a US$100 increase from the standard Prospex Diver’s GMT. Despite this modest cost bump, opting for this limited edition still offers great value. That said, collectors might be less...