Back to the original topic again...
seeing a lot of Hulk and Starbucks asking price going down slightly.. and actual selling price probably even lower..
more and more sellers have plenty of stocks with grey sellers having ample stocks of AirKing asking over 42k few months back but now asking in the 36k range... and yes there are some ridiculous sellers still asking 40k++ because they only have 1 or 2 pieces.. but if you've got more than 10 pieces and it's not moving, you would be a little worried.
Daytona half/full gold models are still asking high prices but also not really moving.
Submariners and GMTs also stagnant.. high asking but not really moving..
More sellers doing FB live sales and you can see prices no longer NETT like before (more like PM me to deal) and less people are buying on the spot too..
And the real crunch... we've been in some form of lockdown for 16 months now, and even after vaccination, new strains are becoming hard to control.. so don't expect any changes in policies in the next 6 months or maybe one year.
Who are the people "investing" money buying from grey market and how will demand affect their investment? Can they still hold or will they need to offload and if they have to offload, will there be buyers at current asking prices which seems not at the rate sellers are not moving watches.
No need to feel sad for grey dealers because most have made their fortune and just sitting on stock. Yes.. they probably paid a little over retail for their stock but unless prices go below retail, they're not losing money just not having liquidity.
The fun part is watching those suckers who paid gross premiums hoping to make money....