boscoe wrote: ↑
January 15th 2023, 11:37am
According to watchcharts.com, used Rolex prices have plunged about 11.5% in the last six months.
So the bubble appears to be bursting, just like the housing and stock markets.
Never understood the massive rise in used prices during and post Pandemic. The company makes more than one million watches a year. Yes, new stuff is/was relatively scarce, but come on. Now pieces are flowing to ADs again.
So do you think resellers are going to be stuck with 1`3K ancient Subs? Or will they be forced to slash prices to liquidate?
Will be interesting to see.
There were big runups in lots of things as governments started creating and giving a lot of money away to float economies through Covid
Lots of bubbles, crypto and residential real estate, used cars etc because lots of liquidity sloshing around
That’s now been the feds deal ti collapse a lot of these bubbles, effectively making a lot of the money created essentially vanish
And it seems to be working
I took advantage of the bubble stuff. Sold my 2019 Tacoma with 40k miles for rather more than I paid for it new in fall 2021
Was intending to sell house into the housknf bubble after I went empty nest after kid graduated hs this spring but market crashed mid summer or so before I could take advantage of it
There have been bubbles everywhere. Vintage guitars, huge unexpected runup in prices that aren’t sustainable now for example