submariner prices coming down in grey market

[HK852GMT]

Though China and HK combined are still well above. It may take all of 2020 for it to show caught up on a YOY basis or perhaps it goes back the other way and HK recovers.

HK's figures are massively bloated in recent years by mainland money coming over and buying stuff. The current issues in HK have seen tourism from the PRC drop through the floor, as well as a tightening of belts in preparation for whatever comes next.

The watch neighbourhood in Dundas Street is quite quiet at the moment and prices stopped rising on most models about four months ago. The length and depth of any correction here will depend entirely on HK/PRC govt actions in the coming weeks/months.