Market Dip or a crash?

[edisonstar23]

Watched the last episode from a gray market dealer out in Miami. CRM Jewelers, they have a good tracking history and the owner Carlos it’s a class act.

They were shocked at the amount of people getting rid of watches to the point they are rejecting offers unless you give them an excellent price.

Here is the link to the episode;

https://youtu.be/mGFHNkb6CPY


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[Demon Barber]

Seems legit.

[JC316]

Why surprised? LOL. I don't get it.

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[Laszlo]

Entertaining.

[Danny83]

Well I guess all these Youtube dealers are slow if they need the Youtube money lol

[Laszlo]

Haha every seller wanted another watch… before I finally gave up on watching anymore.

[bayerische]

Doubt there's a crash coming.

[Rashid.bk]

Entertainment, nothing more.

[Moondoggy]

The whole scene is rather toxic these days, maybe it is reflective of society.

[Laszlo]

Originally Posted by Moondoggy

The whole scene is rather toxic these days, maybe it is reflective of society.

Agree 100%.

Things are extremely distorted right now. And it’s not watches. It’s everything from material to humans.

[scarlet knight]

Originally Posted by Laszlo

Agree 100%.

Things are extremely distorted right now. And it’s not watches. It’s everything from material to humans.

I think the pandemic has put people on edge.

[Laszlo]

Originally Posted by scarlet knight

I think the pandemic has put people on edge.

Seems that way doesn’t it.

Like a sociological experiment.

I feel pretty normal though.

[Gerardus]

No crash only raise

[Moondoggy]

Originally Posted by scarlet knight

I think the pandemic has put people on edge.

The show will go on.

[greeneyedguy]

People simply want what they don't have and are willing to part with watches they used to love to get that want. The thrill of the chase is actually what releases the dopamine and keeps us wanting. Actually getting the watch we want can trigger serotonin and then as the honeymoon period fades we begin to miss that rush of dopamine we get from reading about that next piece we want. It's a cycle of addiction and I am guilty. I've managed to land a 116500LN and a GS Omiwatari this year and I'm still looking at watches. I've got a decent collection of 6 pieces now and I'm wondering how much of my life I am leaving on the table by becoming so fixated on something so novel. I've told myself I want the next purchase to be after a milestone achievement so at least that lie will keep me from buying for hopefully at least two years.

[1st amg]

Originally Posted by Laszlo

Agree 100%.

Things are extremely distorted right now. And it’s not watches. It’s everything from material to humans.

So true buddy, things are stressed with people.

[1William]

I have been watching the market for years and the one truth I have found is that with all of the corrections, dips, recessions, etc. the cost of watches continue a steady march up. Will it continue, sure. At what pace, that is the question.

[GoingPlaces]

Originally Posted by Laszlo

Agree 100%.

Things are extremely distorted right now. And it’s not watches. It’s everything from material to humans.

True, the worst time to be a consumer of anything. Sit back and watch it all unwind. Not much makes sense anymore.

[Speedbird-1]

I really, really hope it's a crash.

[Chester01]

Well, much of the entire market is being propped up by the gray. Why else would the gray exist? I mean let’s face it, more and more folks are not able to attain these anymore and plenty of data on where the wealth is going. I mean there are only so many watches the top 10 percent can attain. It’s not unlike the GameStop business.

[Gab27]

Originally Posted by 1William

I have been watching the market for years and the one truth I have found is that with all of the corrections, dips, recessions, etc. the cost of watches continue a steady march up. Will it continue, sure. At what pace, that is the question.

How did people view the situation 10 years ago? Right now a lot of discussion seems to center on future values and future availability. Were those discussions even being had a decade earlier?

[GB-man]

Originally Posted by Gab27

How did people view the situation 10 years ago? Right now a lot of discussion seems to center on future values and future availability. Were those discussions even being had a decade earlier?

Eh not like they are now. People always have speculated about production runs and such but it was more focused on future collectibility rather than short term gains.

For example speculation around the future of the 16610lv, Milgauss GV, zenith Daytona, James Cameron eventually etc

Nobody was asking how to get a specific modern Rolex as most were readily available outside the Daytona which you normally had to buy 1-2 watches to get offered. Ditto the 5711 blue. Either could have been bought NIB here right around msrp.

Don’t get me started on AP 20%+ off was the norm on anything.

[honuswagner13]

Originally Posted by Laszlo

Agree 100%.

Things are extremely distorted right now. And it’s not watches. It’s everything from material to humans.

I went grocery shopping today and had a hard time finding bars of soap.

[Blansky]

This pandemic era has been stressful on a lot of people....