re: The Crypto Collapse is ‘Flooding the Market’ with Rolex and Patek Philippe Watches

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I assumed it would be like a car.

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They are exactly like cars. The cheap run of the mill ones that everyone has depreciate to basically zero over time. Some depreciate then slowly appreciate as collectors become more interested in them. Some are worth more as soon as you walk out of the store and continue to rise over time, though they see ups and downs along the way based on the whims of collectors.

Think:

Camry
BMW M cars
Ferrari and other super/hyper cars


Trying to figure out the watch market is a fools errand.

I as well many thought COVID would cause a dump in the market which turned out to be 100% wrong. Also, watches are a highly manipulated market when it comes to things like Patek, AP, and Rolex. The manufacturers keep production low and the gray market gobbles up and holds stock. You basically have to develop long relationships with dealers or wait out the gray market dealers.