Watch bubble bursts?

 Until the day I am writing, watch price still does not stop dropping.

Always if the market is bad, people is scary to buy and the whole dealer or seller or grey dealer may go for panic sale. so this avalanche effect would further spoil the market.

Johnson is facing large scale strike in UK led by the trainer worker across the country, they have been facing the work inflation over the last 40 years, on the other side of the continent, Biden is scratching his head what should he do on one side putting sanction on Shinjiang Uyghur products into USA and other side knee down begging to meet Xi. On the other side USA is sending his Japanese little brother to join with  Korea with the new president to give trouble to the Eastern water, don't forget Korea and Japan is never a friend for the last 100 years. so internally there are Okinawa citizens coming up protect again Fumio Kishida. and South Korean are not happy with Yoon Suk-yeoi's new move. 

Watch price will not be affected by world political situation, to certain extend is less as prominent as stock markets and consumer's products because it is classified as luxury product which is by right the last resort of monetary asylum.

Both Eastern and Western countries are in great trouble, and Russia does not seem to stop the war now as one way to change the world, and China and Russia seems getting closer...

anyway this is purely mu opinion on the world current situation, back to the watches.

I see trade between dealer on these watches

Patek Aquanaut 5167A is $595,000

AP 15500ST Royal Oak auto 41 mm white dial is $370,000

Daytona white 16500 is now $270,000

Comparing with 2021, it has been dropped over 20% on PP, AP and Rolex as an average, vintage even worse no one watch to buy 1680, 1665, 16520 at the market price unless very special watches.

What s next? 

Watch out for next two months.

HK Snob

Unit here is HKD

Courtesy picture from Italian Watch Spotter