You Can Argue With Me But You Can't Argue With the Numbers

[ndrs63]

This is not just Rolex. It’s the entire luxury market


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[Cassian739]

Originally Posted by illiguy

I think you missed the root cause(s). Paul Newman Daytona auction in late 2017 + COVID + Crypto Bros = Scarce Demand with Lots of Overnight Money to Spend.

Yup... Demand > Supply

[subtona]

Who’s to blame?
Supply and demand resulting from so many factors and bolstered by a global pandemic?

Not able to identify any of the choices as a single culprit.


And there were nft’s

[77T]

It’s easy…
Dealers taking ₿
Followed by “My ₿ is Down!”

There, I said it…


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[Joearch]

Clearly all factors contribute to the past 3-4 years as well as the future fluctuations.

[emersm]

Originally Posted by Cassian739

Yup... Demand > Supply

This ^^

[alllexandru]

Additional money in the market :

Crypto
Covid :
--> "unlimited" funds released by governments
--> spending less in that period
Demand

That is in principle what happened.

[doyall]

Originally Posted by Mystro

My watches, sport cars, boats, etc… are a lifestyle I love and would be buying regardless of value retention. I love em and enjoy them far more than what I initially pay to play with them. I can’t imagine going through life looking at everything through a financial monocle??? It just seems to take the air and fun out the very reason you are buying them in the first place.

Call me when you are ready to dispose of some assets. I'll test your belief in this concept.

[JMP57]

It’s simple as in most things…the market is the market.

If you feel the value proposition is good for you, then make the purchase.
If not, then wait. Purely an individual decision.

I can afford to go grey, but choose not to do so. I’ll wait for my AD to come through. Currently waiting 2 years on a blue Sky Dweller.

Also, in my opinion watches are not investments nor should they be looked at as such. They may appreciate, but this has nothing to do with my collection or decision to purchase.

Just my 2 cents.

[tjs1295]

Originally Posted by doyall

Call me when you are ready to dispose of some assets. I'll test your belief in this concept.

He probably doesn't view them as assets, just things he likes to enjoy in life. Also might not want to part with anything due to being content with what he has.

[SeaAndSky]

I'd be happy to see the prices drop down to below msrp for used watches where they belong. I'm a wis. I have a degree in engineering and it's a marvel to me that my watch is fast for three seconds out of an 86,400 second day. That should be fantastic to anyone who takea a moment and really considers that. I love mechanical watches and buy them to keep. I couldn't care less if the profit margin for the greedy greys plummeted. I would love to see a return to what should be normal.

[Vince_76]

Originally Posted by SeaAndSky

I'd be happy to see the prices drop down to below msrp for used watches where they belong. I'm a wis. I have a degree in engineering and it's a marvel to me that my watch is fast for three seconds out of an 86,400 second day. That should be fantastic to anyone who takea a moment and really considers that. I love mechanical watches and buy them to keep. I couldn't care less if the profit margin for the greedy greys plummeted. I would love to see a return to what should be normal.

Agree. The recent craze really sucks for those that are enthusiasts.

[Dave O]

Originally Posted by doyall

Call me when you are ready to dispose of some assets. I'll test your belief in this concept.

Not the person you quoted, but I feel the same as he does. I don't expect a return on the money I spent for a vacation just as I don't expect a return on any of my watches. They are not assets. I buy them for the pure pleasure of it, the same as when I spend money for a vacation. This is the way it used to be before people started treating them as investments instead of being a watch enthusiast.

[bluestreak]

Originally Posted by SeaAndSky

I'd be happy to see the prices drop down to below msrp for used watches where they belong. I'm a wis. I have a degree in engineering and it's a marvel to me that my watch is fast for three seconds out of an 86,400 second day. That should be fantastic to anyone who takea a moment and really considers that. I love mechanical watches and buy them to keep. I couldn't care less if the profit margin for the greedy greys plummeted. I would love to see a return to what should be normal.

“I think everyone should enjoy the watch hobby the exact way I do…

[Henrimontgomery]

As long as I can’t buy a walk-in Pepsi or get a Daytona in a few weeks it’s meaningless to me.

[enjoythemusic]

Originally Posted by Vince_76

Agree. The recent craze really sucks for those that are enthusiasts.

Yes, agree availability has been challenging.

BUT THE BENEFITS of easy-currency policies from the USA, EU, etc central banking systems has allowed many independents and typical brands the ability to create new movements / etc. This has greatly benefitted horology.

So yes availability was challenging, yet more brands, more complications, more independents have greatly benefitted. Imho within our lifetime, never before has the mechanical timepiece industry experienced more growth, more awareness to the public, and customer support (tho some mainstream brands seem to not be adhering to high-quality service/customer support as they should for luxury goods).

We live in interesting times. The next couple of years should be a wonderful 'reset'........ until the next financial bubble in ~7 years.