Blame the Young on high watch prices

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bbattle
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Blame the Young on high watch prices

Post by bbattle » March 19th 2023, 2:09pm

According to the Robb Report, young watch buyers are hoovering up second hand Rolex's and Patek Philippe's like so much investment candy. They don't buy new because they don't have an emotional attachment to the watch. They wear the watch for a while, then unload it when the opportunity arises.

So, the used watch market has prices outpacing the stock market for the past five years.

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https://robbreport.com/lifestyle/news/r ... 234818726/
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bedlam
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Re: Blame the Young on high watch prices

Post by bedlam » March 20th 2023, 7:36pm

So watch flipping is a recent thing and it's the young who are involved. Right, sure.

FFS
Meritocracy: the privilege, wealth and advancement of those who chose their parents wisely.
Capitalism: a cult that promised to do good for the worst reasons.
Nationalism: a profound longing to go back to a past that never existed.
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3Flushes
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Re: Blame the Young on high watch prices

Post by 3Flushes » March 21st 2023, 5:10pm

bedlam wrote:
March 20th 2023, 7:36pm
So watch flipping is a recent thing and it's the young who are involved. Right, sure.

FFS
Indeed — allowance increases have far exceeded the cost of living. Why, 35K for a Cosmo is a mere week's worth, by golly
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