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Old 31 January 2023, 12:40 PM   #1
sdlivin
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Chrono24

Anyone else read that Chrono24 laid off a ton of employees due to the plummeting after market prices on luxury watches? They also moved their home base of operations out of Hong Kong and into Japan as well as from New York to Miami.

Thoughts?
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Old 31 January 2023, 12:41 PM   #2
cdmorenot
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A tech company laying off employees?

Oh.
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Old 31 January 2023, 12:51 PM   #3
Trailboss516
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Old 31 January 2023, 02:15 PM   #4
nocaps
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a quick google search revealed layoffs according to bloomberg. on a related note, chrono24
has 532,000 watches for sale, the most i've ever seen. interesting...
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Old 1 February 2023, 06:49 AM   #5
gameon
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Quote:
Originally Posted by sdlivin View Post
Anyone else read that Chrono24 laid off a ton of employees due to the plummeting after market prices on luxury watches? They also moved their home base of operations out of Hong Kong and into Japan as well as from New York to Miami.

Thoughts?
Going from sky high rent to extremely high rent, doesn't sound like they are hurting to bad.
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Old 1 February 2023, 07:32 AM   #6
omx5o
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Buy a watch in a rising market, sure. Buy a watch in a static market, maybe if I like it. Buy a watch in a falling market, must be joking.
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Old 1 February 2023, 08:46 AM   #7
jzsj0
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13% laid on in the article I read
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Old 1 February 2023, 03:39 PM   #8
Zartan
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Over 700 platinum day dates for sale today on their platform, that’s a lot as I’ve been waiting for the prices to come down a bit and watching the total amount for sale go up a bunch but fairly stable prices. Usually larger volume is better for the sales platform, so I’m guessing they’ll be just fine. Cheers
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Old 2 February 2023, 06:03 AM   #9
watchaficionado202
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It doesn't surprise me.
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Old 2 February 2023, 06:04 AM   #10
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Interesting.
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