It is not strange to see there are good deal in the private watch market and or from dealers.
These are some of them:-
AP 15202ST $500,000 (it was $1M 12 months ago)
Rolex Hulk 2015 full set $105,000 (it was $155,000 12 months ago)
Rolex Daytona 116500LN white $260,000, (it was $450,000 in 2021)
Rolex GMT Meteorite 116719 is $485000 (it was $730,000 in 2021)
Etc....
Reason
70% people only buy watch when the price is Up, no one tends to buy when price is going down
10% smart people will tend to buy at these time as they have more confidence on these pieces of watch than the US greenbacks, or Gold.
10% of people just wandering between buy of no buy
10% of the rest has no money to buy, that is the case.
After 2023 Q4 when the wars is stopped, when US inflation rate is reduced to 5% say, then the 10% people who buy the watch now will be harvesting...
I have seen is kind of cycle and nothing I can do just jealous as I am not having money to pour into this game.
HK Snob
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