the main beef and problem I have with vintage Rolex are the unjustified and beyond insanity prices. Will that Rolex bubble explode? I do hope so
By: georgeszaslavsky : September 7th, 2017-08:51
The main thing as I explained in another thread is when watch weblog and auction houses kill the collector market by inflating values like 20 times!!! Is this watch wotrh between 35000-50000$? No, it doesn't, it is not that rare. The greedy sales persons , greedy watch web bloggers and greedy auctioneers are to blame for that. Now, only a very few of fortunate and ultra wealthy collectors can buy one.
Well, rarity is one thing, market rules are another thing. If 1 million people want this watch, the market will dry up quickly. The price will go up the same way. [nt]
There is absolutely nobody who can definitively say what something is "worth". Georges, much as you are a nice guy and all, you just cannot make any rational argument telling the "market" that it's pricing is wrong. I have traded financial assets now for 30 years. The guys who went bust always believed that they were right and the market was wrong. Tastes. Opinions. Influencers. Rarity is not the issue. I have produced far less works of art than Picasso yet his stuff sells for way more! And, the art world and auction houses can similarly be called "influencers".
The market is what it is. That DRSD has as much chance at falling to Eur 25k as it does rising to Eur 75k.