Rolex and Patek Prices Fall as Subdial Index Nears Two-Year Low
Good news? Bad news? How much further will they go?
I see that other gauge of an economy - classic cars - are also taking an equivalent hit.
Archived copy, gets around paywall; https://archive.ph/qYrTS
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The Heretic
Vintage Seiko & Soviet, Hamilton, & few of my own builds.
The City
Member since
Last active: 20 hrs ago
It is not surprising that the index is falling. Super low interest rates, Fed money printing, and stimulus checks all led to the Covid bubble in stocks, crypto and then watches. Easy money. Silly money. Rising interest rates spelled an end to all that, as expected. Macro economics 101.
Still, I suspect much of the overall decrease in the index is due to a fall in the few most pumped up models. Median prices for "quality" brands may still go up.
It is not surprising that the index is falling. Super low interest rates, Fed money printing, and stimulus checks all led to the Covid bubble in stocks, crypto and then watches. Easy money. Silly money. Rising interest rates spelled an end to all that, as expected. Macro economics 101.
Still, I suspect much of the overall decrease in the index is due to a fall in the few most pumped up models. Median prices for "quality" brands may still go up.
Agree.
Not something I can get excited about.
Not something I can get excited about.
The watches or the price drop?
The watches or the price drop?
The price drop as I never view them as investments. If there's money parked 8n them then that's fine, but I don't recognise them as an asset.
Good! Glad to hear it, now maybe I’ll get my Rolex sooner.
Good! Glad to hear it, now maybe I’ll get my Rolex sooner.
I met my Rolex grail the other day, 36mm Explorer.
It was a case of never meet your heroes.