I almost picked up an Alba Neo Tokyo dive style watch. looked cool but the fixed dive bezel was a turn off. Though I can’t remember the last time I turned the bezel on one of my dive watches. :)
I like to look at things in terms of how much gains an asset has “given back”. For example, Bitcoin and many stocks have given back close to 2 years worth of gains. I think the 2dary luxury watch market has given back about a year’s worth.
So what defines a “crash”? 80-90% loss? This is definitely a correction in progress. A crash (of the 2dary market) would be if they sell 30%-60% below retail.
Would be nice if electric car prices fell as much and as quickly as quartz watch prices. Right now electric cars are high margin (Tesla reportedly gets 27% per vehicle), luxury items.
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