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- May 7, 2002
Is it that bad? I remember during the pandemic all those plain jane luxary watches were hard to come by AP, Patek and Richard Mille… you had to be on a waiting list to get one… and if you were lucky to get one the value skyrocketed because they was a shortage of those watches… Some jewelers were even offering to buy back their watches they sold to their customers…I couldn’t relate because I could never afford any of those watches lol… but was always curious just looking from the outside how the watch game was serious as far as resale value…
Publicly the resellers are trying to hold strong but behind closed doors they’ve almost completely stopped buying new stock…Contact them about selling them a hyped piece and you’ll be shocked at what they offer, if they offer anything at all that is…
Some of the bigger places might make it because they have the funds to prop themselves up…Some hyped up pieces have dropped nearly 30% on the aftermarket price…The smaller places who leveraged all their money under the belief that the aftermarket prices would only go up, are in some serious trouble…If people paid aftermarket between last December and this past April …