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EEpro · 9 February 2020, 02:49 AM

In 2008-2009 there were a lot of foreclosures with bentleys parked out front in Summerlin. I bought 6 Paul Reed Smith guitars that year (wasn't into Rolex then) at deep discounts from these poor planners. I assume Rolex is like any other luxury good... when people have no money its price goes down.

Chester01 · 9 February 2020, 03:05 AM

Been into watches since the 80's. I truly cant say as I never looked at watches from that angle.

BroncoOne · 9 February 2020, 08:41 AM

It won't really matter. The large part of luxury goods buyers and owners won't be as affected as the general population. You won't see Luis V purses at Walmart on discount and people who own multiple watches can still buy them.

fusionstorm · 9 February 2020, 04:14 PM

For all the folks making assumptions that the last recession is the blueprint/template for the next recession, remember the mantra of the financial world:

“Past performance is not indicative of future results”

I would also suggest you compare the level of personal wealth at the highest tiers in 2008 as compared to now. It’s pretty eye-opening.......

9 February 2020, 02:49 AM	#31
EEpro 2024 SubLV41 Pledge Member Join Date: Apr 2019 Real Name: Brad Location: Purdue Watch: Daytona Posts: 9,243	In 2008-2009 there were a lot of foreclosures with bentleys parked out front in Summerlin. I bought 6 Paul Reed Smith guitars that year (wasn't into Rolex then) at deep discounts from these poor planners. I assume Rolex is like any other luxury good... when people have no money its price goes down. __________________ ♛ ✠ Ω 2FA Active

9 February 2020, 04:14 PM	#34
fusionstorm "TRF" Member Join Date: May 2009 Location: Piedmont, CA Watch: various vintage Posts: 2,272	For all the folks making assumptions that the last recession is the blueprint/template for the next recession, remember the mantra of the financial world: “Past performance is not indicative of future results” I would also suggest you compare the level of personal wealth at the highest tiers in 2008 as compared to now. It’s pretty eye-opening....... __________________ 1680 MK II 2.2M (my daily); 1655 MK IV 8.1M (my 1st vintage); 16660 x 4 - 8.0M spider & matte 7.4M, 8.0M, 8.0M; 16610LV F MK I/MK I; 116528 Z; 14060 M COSC; Tudor 75090 Gone.....never forgotten: 14000 F, 14060 V COSC, PAM 048, 16623 F, 1680 MK V 3.1M, 16800 matte 8.3M & 1655 MK IV 7.4M

9 February 2020, 03:05 AM	#32
Chester01 "TRF" Member Join Date: Jun 2018 Location: East Coast Watch: 16610 Posts: 4,933	Been into watches since the 80's. I truly cant say as I never looked at watches from that angle.

9 February 2020, 08:41 AM	#33
BroncoOne "TRF" Member Join Date: Dec 2019 Location: Boston Posts: 1,335	It won't really matter. The large part of luxury goods buyers and owners won't be as affected as the general population. You won't see Luis V purses at Walmart on discount and people who own multiple watches can still buy them.

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