[offrdmania]

Its not going to bottom out as long as dealers are stuck with pieces that they paid too much for and are unwilling to take the hit. They will keep inflating the prices by selling the watches to other dealers on credit at the inflated price in order to show that they are still selling at higher prices. These watches never actually sell but just move from one dealer to another. They are hoping that if the consumer sees that these watches are being moved at the higher price then maybe other watches in their inventory will sell to unsuspecting consumers at the higher price. Its called price manipulation.