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29 July 2021, 10:53 PM | #1 |
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Join Date: Apr 2021
Location: UK
Posts: 198
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Rolex Prices and PS5 parallels
Some musings. I was one of the many that wanted a PS5 when they were released (insert hot Rolex here). At the time the demand massively exceeded the supply and there was also a shortage of parts. Fast foreward to today and whilst not easy to get a PS5 is achievable (insert Rolex incoming stories here). With the rarity of PS5 availability scalpers bought them and sold on for big mark-ups (insert flippers here).
So , some people that want a PS5 are happy to wait and pay retail, the people that were impatient and couldn't wait paid over list and there are still some people buying and trying to flip. In Rolex terms will we reach a point where flipping becomes less profitable due to the people buying over list diminishing and more watches will be available for those who, and I know this is crazy these days, want to actually wear them? |
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