Given COVID, do you think watch prices in the secondary market will come down (e.g., Breitling and Rolex)

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I have been keeping an eye on Rolex. Seen some price reductions for the stainless steel models (10-20%) from their peak. Hopefully keeps dropping in the coming months

I can’t imagine the demand is there. I think the market will try to keep it propped up but eventually nobody will be dropping 10k on a watch as we enter more of a recession

Definitely, it’s a great time to look for a watch if you’re willing to pay secondary prices as a ton of Rolex stainless steel prices have gone down. my friend got a brand new sub date barely over retail and those were selling at 2500+ above retail

yes, they already are. Chrono24 does a report on what sells and they show everything but Patek and AP being down, those two actually being up.

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