what's your take on the current grey market prices

[Bmats]

I think prices will fall too. But I have no idea when, and whether they are falling because it was a Rolex bubble or because everything is a bubble and lots of financial markets self-correct. I remember back a dozen years when everything was going great and then the recession hit. And housing markets collapsed. And then people who bought lots of luxury goods no longer were buying them. If the bubble bursts for that reason, grey prices may be the last thing we worry about (or at least some of us). If people are really buying watches as investments, I think they may be disappointed.

My non-point is that I feel the Rolex market makes no sense to me, but that’s really irrelevant. If I want something now, I have one option—buy over MSRP. If I can wait, then I can wait and see if I get of the AD list based on luck, past purchase history, etc. But I’m not going to buy something I don’t want.