Is demand real?

[dtwer]

Originally Posted by zjd168

The demand is real, face it.

Just think about China, the 2nd GDP in the world and getting close to #1 anytime in the very near future. 1.5 billion population, just assuming only 20% of them reaching the average of US (very conservative assumption) and the other 80% are abject poverty who can't afford any luxury (which is not true, just for the sake of argument), it is already big enough to spawn the equivalence of the luxury and Rolex buying power/market of the US, which had the number 1 Rolex sales until early 2010s. Chinese people basically buy up Rolex/AP/PP from all over the world literally. Chinese grey markets (Daiguo) have been a booming business for years and I witness the Rolex prices (Sub, Hulk, BLNR, DJ, e.g.) increasing from 15-20% discounts (before 2017) to big premium with the rest of the world. I am very sure people in China and HK with similar level of incomes are more willing to spend on luxury items than people in US.

This is the Chinese Rolex buying power that basically was negligible before 2000 and very small before 2010. On top of that how about the new consumers from India of similar population and rising economy?

No plan to argue and anyone can choose not to believe any of these though.

The real world economy tells a very different story.