jonrus
791
overpriced...
I can't agree more with the last comment. I've been collecting PP watches for 10 yrs. My early purchases have not gained in value as much as the latter ones, but at the same time, the latter ones have lost more value since the recession. Not to say that this is a investment forum, but instead, the recent price increases just couldn't be sustained forever. I still collect PP as I have before, but the availability of watches has really improved. The last piece of the puzzle is the attitude of some AD's.
10 years ago, the challenge was to find an AD with the best price. Ever since the introduction and discontinuation of 3712SS, the craze changed the AD attitudes to finding AD's with the watch who hopefully will sell PP's at MSRP without a premium. Nowadays, there are less flippers around, but some AD's are still drinking the coolade's of the crazy years, so some still are adament at MSRP, thinking they're doing us a favor by just selling as a watch.
Time will change them... I think they'll realize that they have to be competitive in price as well or the customers will walk (just like in HK, the AD's can't compete with GD, leading to a price DECREASE by PP lately). As they said during the boom years, "it's supply and demand", now it's still supply and demand, but the other way around. AD's better get used to being competitive in price as they have done in the past. Ask the home builders and real estate agents of yesteryears.. they'll tell you.