Quote:
Originally Posted by GrussGott
There is no Rolex bubble, there's only Rolex controlled secondary markets where prices will either increase or stay mostly flat since the minute prices start to fall, lots of buyers will jump into the market, even during a recession.
Of course strange things can always happen, but I think we're in a new normal.
|
I don’t know if this is true. Smart phones and Apple watches have definitely hurt the demand for watches. None of my kids nor their spouses wear a watch. They have zero interest in a Rolex even though they could easily afford one.