Quote:
Originally Posted by Kevin of Larchmont
Explain to us how greater availability worked out better for Panerai. Hermès or Bentley are somewhat self-regulated by their prices while retail on a Rolex stainless sports model can be quite reasonable if you can find someone to sell it to you for that. When demand outstrips supply then prices go up, it’s simple economics. It works for lumber just as it works for watches although people actually need lumber and no one needs an expensive watch, that is precisely what makes them a luxury. Not understanding this is just stupid.
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Because some brands produce dogs, or watches that are dully repetitive , or fall out of popularity when the next "big" thing comes along.
However, Panerai not being popular with the instagram crowd or in high demand, doesn't make it any less a luxury product. Every luxury brand is to some extent exclusive because of price. Consumer demand, whether or not it outstrips supply, does not change the inherent nature of the item. My 2015 Rolex is no less or more luxury now in 2021 than it was when I bought it.
You'd have to be stupid not to understand that.