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I was at dinner the other night with my former AD talking about the watch business these days. Many years ago they recalled having a 5712 sitting around for a long time and working a 3-5% discount to get it out of the case.
The current situation is good for those with existing relationships and terrible for anyone coming into the market.
Couple that with the price increases over the years and it makes it fairly difficult for a young collector starting out. You’d need a lot more money to get started.
It will be interesting to see how things develop in the future.
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