Conflicting reports over the future of the watch market

[Madison1]

In the last two days I have read the following headlines:

Large grey market dealer believes the Rolex CPO will boost second hand sales and prices will rise

Chrono24 to cut 40% of staff as watch prices slump

I am slightly bemused as a spectator. I initially bought grey with the comfort in knowing if I wanted to trade into another piece I would not lose anything or makeba minimal loss. Since the madness I only buy from my AD so it doesn't hugely affect me but prices have clearly been on a downward trajectory since March. Interesting to see if that carries or if the CPO does inject a boost.

My feeling is a lot of people likely got burned buying at the hype prices and the majority of non-wis have simply moved on or no longer have the 'free' money.