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13 October 2021, 01:33 PM | #24 |
Banned
Join Date: Mar 2021
Location: Singapore
Watch: 116500LN
Posts: 370
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I'd like to share some old info, there are funds out there who are investing in Rolex & other hard to get watches.
A simple google search of thewatchfund will give u all u need to know. It's just crazy. Rolex is now an industrialized commodity & I think in the long run it's gonna go even higher. In a sense, it's a much better underlying than exotic art pieces. You don't need curators & the upkeep costs are much lower. The pool of liquidity is much better, you can probably unload 50 pieces of Daytona strolling through any CBDs in the world iso trying to sell a Monet. The basic infrastructures are already in place, you can trade any unworn Rolex within 5-20% spread. The public has been brainwashed by hype. Most people are not satisfied with only 1 watch, even those with a suitcase of watches are left wanting more. Until we see a huge market crash it will keep rising. And from here to that point, I have no idea how much further it can go. |
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