State of the market

I’m curious to hear the opinions from Watch crunchers who aren’t necessarily Watch dealers but who are collectors that frequently buy sell and trade watches. How are you viewing the market? I feel it for the most part has stabilized after cooling off a good bit from the Covid hype. The models that I have been tracking tend to be about where they should be if we just picked up from 2019 and the watch craze didn’t happen. In Other words back to reasonably valued pieces on the secondhand market. Now this isn’t true for all time pieces certainly but it’s the sense I get and I’m curious if anyone agrees or maybe disagrees. if you disagree how do you see the market currently? Do you see it to continue to fall, stabilize or do you think it’s primed for another up tick?

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I have been collecting since 2017 and I feel in general watches have become increasingly expensive in general. When I started a Sinn 556 was a 600 usd watch, now its around 1000 usd or more. All the new omegas are over 5000k and even Seiko has raised their prices (rip sarb and skx lines) .

It seems that watches are becoming more and more of a luxury, but don't know if it's because of greed, or because the pool of customers is narrowing so they need this to keep afloat.

But yes, luckily speculation has calmed a little bit.

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charper_watches

I have been collecting since 2017 and I feel in general watches have become increasingly expensive in general. When I started a Sinn 556 was a 600 usd watch, now its around 1000 usd or more. All the new omegas are over 5000k and even Seiko has raised their prices (rip sarb and skx lines) .

It seems that watches are becoming more and more of a luxury, but don't know if it's because of greed, or because the pool of customers is narrowing so they need this to keep afloat.

But yes, luckily speculation has calmed a little bit.

If the pool of people buying these watches was narrowing, wouldn’t the prices be going down? I feel like there are more people buying matches than ever, which is pushing up the prices.

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Or has pushed up the prices I should say.

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You can’t forget about inflation. We have had record inflation in the recent years.

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charper_watches

I have been collecting since 2017 and I feel in general watches have become increasingly expensive in general. When I started a Sinn 556 was a 600 usd watch, now its around 1000 usd or more. All the new omegas are over 5000k and even Seiko has raised their prices (rip sarb and skx lines) .

It seems that watches are becoming more and more of a luxury, but don't know if it's because of greed, or because the pool of customers is narrowing so they need this to keep afloat.

But yes, luckily speculation has calmed a little bit.

Definitely agree 👍, feel you with Sinn 556. I've experienced quite a quick change within just a short while, when I sold my Tudor date day prince and a year later it went up a shit ton 😅. Missing that watch quite a bit ngl, but thought that getting Sinn 556 was more worth it at the time.

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Prices are going down and the fake scarcity on certain brands is going away.

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Image

There you go.

New watches are increasing due to inflation, but a lot of them seem to get discounted quickly. High demand watches are still holding value, but even then they are softening in a lot of cases.

Personally, I'm waiting out the market.

Graph credit- WatchCharts.com

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Morgy29407

If the pool of people buying these watches was narrowing, wouldn’t the prices be going down? I feel like there are more people buying matches than ever, which is pushing up the prices.

Don't think it's narrowing, on the contrary, there's a lot of public interest in watches recently.

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Just notice all the posts on here about “I GOT THE CALL!” 🤣😂

Yeah, you all got the call because the market is crashing and AD’s are starting to panic.

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The brands that saw inflated prices for many/all of their watches due to speculation of those models as assets is definitely cooling. I see the market softening overall, but it may be leveling out. Timing the top or bottom of any market is hard.