why do you concern yourself with WHY the prices are dropping. there is a old chinese saying "Price rise buyer bitch and moan, Price drop buyer run and hide". if you have been following the auctions, i assume you have been googling and surfing for dealers asking prices online as well. and if you are smart enough to do that, i believe you can draw your own conclusions, why prices are dropping, if at all . I personally never trusted aunction prices, the brands themselves can, and have, in the past bid up their own pieces.
and if you are thinking more in terms of 5980....why not ask and check if 5980 prices has softened, again if at all , and see if there is a buying opportunity here.
I have owned Pateks for many years, and i have seen the ridiculous premiums over lists paid by collectors during the go-go years, yours truly as well. and I seen the crash in 2008, when prices for some Nautilus especially dropped 30% in half year from their highs. i can say that the 5960 was trading(note trading, not retailing) at lofty price levels, not seen since , so i personally do not think there is froth in the resale market. Just to be clear, i am not advocating a purchase or hold back, I am advocating individual comfortable price points to enter the market to buy a desired time piece.
btw gentlemen, a gentle reminder : please note and observe PPro policy on absolute price discussions.
best,
Horo
p.s....i confess...i concorted the old chinese saying....its not that old. -
This message has been edited by Hororgasm on 2011-12-09 05:43:30