What happened to all those guys wishing for an AP price crash?

[JettyOne]

Originally Posted by dmash

You seem hypersensitive to not traveling. That’s not the point of my post and it wasn’t a shot at you, I literally, word for word, clearly said that it was chirped by a lot of people. I never said anything about MODA. You’re completely going off topic and being defensive for no reason as you think it’s some personal attack when I simply point out that you’re misinformed. If you deem that ‘childish’ that somebody points out a factual thing about your logic, then I don’t know what to tell you.

Back to what I actually said. The fact still remains, you don’t seem to really have a grasp on Chinese markets and you’re just reiterating what you’ve read about from others and have no firsthand experience with in any capacity. Which multiple people are doing. or please explain otherwise if you do have some firsthand knowledge/are interimingled to where you can offer some input based on something other than an opinion. I *am* in tune with Chinese businesses/buyers and the economy is doing very, VERY poorly.

Again, this chirping of China ‘saving’ multiple markets it’s completely unrealistic and not what is coming. Just like before people were stating Christmas/holidays will see a resurgence for certain goods, it’s already playing out opposite.

I work and live thruout China over the last 10years. We setup manufacturing facilities in six largest Chinese markets, 2 in Taiwan and 3 in Vietnam. I understand the Chinese market. It’s a minimum requirement.

You aren’t wrong, the Chinese market is bleeding from every sector, badly. I won’t comment anymore on this. However, the upper middle (and climbing up) is consuming lux at an alarming rate, STILL. I see Rolex producing 1.2M pieces having a tougher sell than AP and PP.

Here is the upper class Asian mentality, you might or might not be aware. “We don’t want stuff, we want treasure!” Another word, someone will get rid of 4 Rolex for an AP they deem treasure. Put it in context, it should be easier to sell a $40k ROO than to sell 4 DJs, in China, during a melt down.

I don’t think AP will encounter headwinds selling 50,000 pieces annually. The rarity isn’t *just* in the watch. The rarity/treasure is getting an allocation from AP.

Again, it’s too early to predict doom when the best player is still sitting on the bench.

Cheers.