Watch price in Oct and what is next?

The watch price in Oct and what is Next?

During this “situation” in Hong Kong whereas a place for 40% of Swiss watches importer, price has dropped a lot since June 2019.
In average, Rolex new watch drop for 10-12%.
Those hot items already selling at premium such as Submariner 116610LN, Daytona. 11650LN, Pepsi 126810BLRO, Batgirl 126710BLNR, Seadweller 126600.
Patek
Patek is 10-18% drops for those hot model Nautilus 5712, 5711, 5980, 5990.

VR
What is the vintage Rolex segment, less affected, it might drop 2-3% in general
those are different as they are getting less and less everyday so the price will Getting up
Higher everyday, though at a slower pace.

What should we do?
- rich people gets the best out of it as they can have more choice to buy with less money.
- average collector should keep monitoring state to see what is best in market with little fund on hands.

Rolex new watch at AD.
They are unaffected as still they don’t have stock for you!
No matter you line up on the waiting list of a Submariner or Seadweller, they always say no stock
Well CTF is selling at SRP to their VIPS
ORIENTAL AND UNIQUE is selling at premium.
Dickson is also selling at premium.

Don’t call me asking when where you can buy at SRP as I really don’t know!

If I know I would hesitate to buy it myself, right?

Again Rolex is Gold, Gold is not Rolex.

HK Snob

Abbreviation
AD - authorised dealer
SRP- supplier suggested price
CTF- Chow Tai Fok
VR- Vintage Rolex