The Collapse Of The Watch Market - What Caused Secondary Market Prices To Fall?

Comments · 2.7K

• UN

  @Unhomiee · 2 years ago

  Oh no, scalpers and flippers are making less money. My heart goes out to them!

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• BE

  @Benis650 · 2 years ago

  When you walk into a store and can't buy a single watch, when the final price has to be higher than the official retail price, and when you have to play the dealers' 'games' to get the product you like, this industry is nothing but a joke.

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• D3

  @d3im0s1 · 2 years ago

  Collapse? I would say a return to normality would be a better term. And what's more, as long as a mass product like a Rolex costs one cent more on the secondary market than its retail price, there can hardly be any talk of a collapse. I would never think of paying one cent more than the retail price for a watch unless it was an absolutely limited model or a one of kind piece.

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• TH

  @therealhammer6068 · 1 year ago

  Teddy...I recently went to your web site, arranged a buy session via chat to select a watch, told your rep my initial budget was $3k...the guy promptly said..lemme get back to you, as if $3k was a waste of his time. Never heard from anyone. Walked into a local watch/ jewelry store...treated like a king, left with a beautiful watch...that was "me."  Lesson learned...buy local, people!

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• MA

  @MaxWell-pp9zs · 1 year ago (edited)

  A lot of the bucket list stuff I looked forward to, have to take the backseat. In times like this, it's more about ensuring my savings last.

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• AH

  @ahha6304 · 2 years ago

  Nah if secondary markets are more expensive than brand new then we need a hell of a discussion haha

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• MI

  @michaelh.1627 · 2 years ago

  The psychology of the secondary watch market boom was the most fascinating aspect of it all. It’s truly a tulip bulb phenomenon that I hope will never be repeated.

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• KA

  @kaalalong8967 · 2 years ago

  This is like standing in line at a casino, where the bouncer at door decide if you are good enough to spend/ waste your money in their casino. What a joke. No thanks.

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• TH

  @theammar · 1 year ago

  the only thing that still annoys me is the aggressive price hike from luxury brands either because they see the margins that was to be made on grey markets, or that they try too hard to create that veblen effect and try to become more exclusive

  4

• BE

  @benguevara5532 · 1 year ago

  Just wanted to say your explanation for why mechanical watches are relevant in our contemporary society (around <a href="https://www.youtube.com/watch?v=eWP8RLooHtk&amp;t=100">1:40</a>) was eloquent. Well said.

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• CO

  @coreygraham6628 · 2 years ago

  This is a “collapse” for those that made the mistake of thinking watches were an investment, and continued to think that once equilibrium began to establish itself. Good thing for us collectors that consider a quality timepiece as a vessel for memories or works of art. &nbsp;We done video, Teddy.

  411

• RO

  @RockHudrock · 2 years ago (edited)

  ❤waited for this to happen!<br>Tulip bulbs. &nbsp;It’s all tulip bulbs.

  366