Watch market and prices

[gordon86]

Been looking to buy my grail watch for a long time and hence following the market quite closely. Prices for most Patek, Rolex and AP watches came down a lot in 2022 2H but seems to have stabilized in the past 1 month.

This is interesting for me because I thought with high interest rates and continual tightening of monetary policy, watch prices will continue to soften (not drop tho) a little in 2023. However, from watching US dealers videos, it seems like prices are stabilizing though they have the incentive to say so :)

My view is prices tend to go up during the W&W period and post Christmas period so this might be it. My prediction is that prices will go down another 5-10% and then really stabilize or rebound.

Keen to get everyone's inputs