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There was an interview in The NY Times with an economist last week, who talked about the “everything” bubble. Said all assets are in a bubble now v the past where it was tied to a particular sector. She blamed low interest rates as a factor with a lot of cash going into the economy, but that the added cash wasn’t invested well. So she predicts a big dip across the board…in housing, and by implication things like luxury goods.
I agree that the low supply of PP watches helps them retain value, but with a recession, there will be people who need to get cash out of their assets, including their watches. So, it may be that the supply increases enough to push prices back down to a more normal predicted growth rate.
I like my PP watches (5167/1A and 5227G white dial) too much to part with them, but I do realize that I will not get as much cash out of them for quite some time. …and for the 5227, I’m still underwater.
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