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Patek Philippe: Only tells part of the story.

How much are sales off? I'd guess sales are off a lot. Sales fall first, then prices. Not being argumentative. This is just my sense of how this is all going to shake out.
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By: vitalsigns
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Patek Philippe: Prices will drop. And a lot. Give it time.

Prices are sticky, but they are still set on the margin. The marginal buyer has seen his financial assets decline by more than 20% (much more in many cases). And worse, some will be out of work. I don't see a scenario where prices don't drop significantly. Could be wrong, of course. Cheers, John
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By: vitalsigns
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