Quote:
Originally Posted by GB-man
Nothing but love for you my friend but I don’t think the UK market is indicative of other markets. In my estimation it’s been a wild market there post brexit as foreign money came pouring in to gobble up the inventory at the favorable exchange. Then brands made currency adjustments meanwhile the pound has slowly been creeping higher all year.
In my opinion it doesn’t help that all your retailers are servicing high net worth collectors from home and abroad. In the states there are some 90 Patek ADs and they sure as heck don’t all have foreign billionaires on the client list 
Put another way if I had to do all my Patek shopping in NYC I’d be SOL as well. |
As Tyler says it isn't just Brexit as most foreigners can't buy anymore, the UK just seems to set the tone and then other countries have followed particularly for Rolex and PP as supply is squeezed here first. US is a bigger market so it takes longer to show there. I see Davidsw has a blue Naut for sale for $37K which is £27K so that's already £8K above retail, here it is £32K. Sports prices are only heading one way while TS is in charge, and the UK is like the futures market at the moment.