Quote:
Originally Posted by ~JJ
Another angle is there appeared to be a lot of FOMO… for instance the guy with a 5 piece collection and all five are Rolex and three are even the same watch in different bezel colors. This makes since if you are at the Mike Wood diver collector level (meaning 100 mechanical divers with small nuance differences that only a collector could appreciate), but for the average WIS it’s a bit much of follow the hype train. Once the fad adrenaline high wears off, they sell the rainbow collection and follow a new/different hype hobby. I don’t think, even with an improved economic standing, that we will ever return to what we just witnessed. But who knows.
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This makes sense. Some new level of baseline higher than ever before but below the peak was probably achieved with the "watch as an alternative investment" concept entering the zeitgeist.