YouTube on Eric watch
https://m.youtube.com/watch?v=FCFCQXnkNXI&t=244sPrice elasticity, product scarcity, exclusivity will drive certain products/ markets to unique levels. Prices are being driven by a global market , that global resellers will see, so it’s be interesting to see the data on “trading” / sales data and where these pieces are going (globally). Then we’d know.
I think that as long as there are unique products that people will not easily substitute something else with , and we are in high global demand , we’ll see prices remain strong. I mean, if your a Daytona guy, guess what, an AP may never do it for you...microeconomics is demand and supply curve..
I guess we need to wait to see if we are seeing hype or real supply/demand. I think it’s the latter because I really don’t see hype out there , rather genuine, broad interest backed by a strong economy, and people wanting what they want. To me hype is a trend, and timepieces have long been appreciated so is it a trend...I dont think so, maybe just more people getting into the game due to great content on modern channels (Youtube and other social platforms)
Two things I think are relevant to the spike, COVID & rise in wealth in general. As the world re-opens, that could shift focus of spend back to other things.
Point being if i want a certain but hard to get the timepieces (for whatever reason) and there’s not a suitable substitute (sometime others brand but it's about horological aspect) , would i just ditch the watch of my dreams or find a way to get it, whether it be a Rolex. Kinda explains the insanity behind the rise on any "hot watch" being hype. Just my 2 cents, and sorry for the long comment, but it’s not a simple dynamic that is playing out.
It's been a wild ride these past 2 years, I think people are starting to rethink their investment strategy with watches, and look for real horological value and rarity more than a watch that is readily available but for x3-x4 MSRP. I think we should see a correction soon, as this price action is not sustainable.
Any comment all bros and sifu, feel free to comment and share ideas.
Sent from my CPH1715 using Tapatalk