Quote:
Originally Posted by DonLee
I think we are getting there. Prices are getting close to what they were a year ago for some hot models. To say that there's no money for watches out there is ridiculous. Recent watch auctions seen huge prices on watches still. $143 million on a Mercedes racer, $195 million for an Andy Warhol painting.
The reason why watch prices won't bust is because the whole new generation of watch collectors are here to stay. More and more people are entering this hobby, so prices will not go back to say, 2015.
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I wouldn't say a year ago, more like Sept / Oct pricing for the 15500, 5167, 116500's, blro, etc.. A year ago the 15500's (non blue) were still around high 20's low 30's. I think there is some more decline coming for these types of hype models. Maybe not another 20-30% but likely another 10-15%. I can definitely see 116500 panda's in the high 20's low 30's by end of summer. Just my humble opinion.