G99
13685
Fred, i've noticed a huge surge of sellers on forums at low prices
some are openly selling due to finances, but the majority including some on this forums CM are selling due to an incoming 'grail' watch. there cant be that many grail watches coming in at the same time as world finances collapse so perhaps its perceived to be a better way of wording it. not many people want to sell a watch because their pockets are empty of pennies, that just ensures you get a lot of very low ball offers.
if the UK£ exchange rate was better i'd be buying a lot of them up, but its so poor the watches effectively cost me the same.
so i'd say yes, IMO there are a lot of people/dealers offloading stock at whatever price they can get.
Graham
State of the industry and timepiece market.
I've recently been having discussions with various second hand dealers here in Brazil about the current market trends (here at least). There seems to be a collective interest in switching "professions". One of them has decided to liquidate all of his stoc...
The market has changed significantly even in just the last month or so.
Hi, Fred, I've been travelling around the world since Aug/Sept and much of it has been to get a pulse on what is really happening "on the ground." I'll try to share in a bit more detail when I can (still traveling) but basically, the speculators, like mos...
AD inventories are way up . . . and they are dealing . . .
I was at a large retail store yesterday. Four months ago, they had three Panerais in stock, and they were firm on MSRP. Yesterday, they had 21 Panerais in stock, and they are openly offering discounts. Some of the increased inventory is likely in anticipa...
new pricing
I know a couple of people who work in watch/jewellry retailers. They have in the last few weeks had a boom time in selling really high end stuff (3 PP's in a weekend, one at £24k) etc,etc the difficulty lies in the more 'affordable' end, where this years ...