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The problem with anyone calling for a sharp drop is that the market is dynamic.
Recession hits, demand is lower, inflation (already much more controlled) turns to deflation. Deflation plus interest rates at 5%+ in US means Fed can cut aggressively. Fed cutting buoys spirits, causes assets to rebound after a temp drop and all starts over.
Time and time again - so long as you aren’t panic selling at bottoms or FOMO buying at tops, these recession calls aren’t changing much absent a systemic shock (2009).
So, I see watches getting easier to get, the real grails still being elusive and at significant premiums. If prices drop faster it will be due to a sharper macro decline. By the time you have time to buy some watches at those lower prices the moves will already be in place to inflate prices back up again. So for those salivating on the sidelines, if this plays out, be quick…
Oh, and several trillion dollars are on the sidelines so don’t expect too big a bargain either ;-)
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