davestan
12
Buying and selling in this world economic climate
Yes I think I will be much more cautious about my "luxury"purchases at the current time. In the past it has been reported that sales of luxury goods have remained strong in recession. But this time it seems "high flyers" are selling off their luxury goods. I read that used luxury car sales firms are being very selective even in what they will buy as their sales have slowed. Yet they are being swamped with people wanting to sell luxury cars. The quote from a saleman was that sellers take a "big big hit" but are still desperate to sell. It will be interesting to see if suddenly the high end used watch market becomes flooded with "for sales" .
recession,fear,panic..a perspective of the current env and advice for e watch collector
the facts are in the headline news... for this past week - US$6 trillion was wiped out in global markets - US$6 trillion pumped in by governments did little to dent the massive selloff the predictions are foreboding... - unemployment.. loss of jobs and in...
While now is the not the time for panic selling of watches....
one has to be much more careful about purchasing them, especially at the middle and high end.
The Flip Side
As you said, 2006 and 2007 are banner years for the watch industry. It was a banner year for Wall Street as well, and banner year for everything. That was the height of the bubble. Now that the bubble is burst, maybe, just maybe, retail prices in the indu...
a different perspective, maybe....
IMHO, hot watches will continue to remain sought after and prices will still hold, the regular run off the mill will certainly suffer... hang on tight mates... for its going to a long and bumpy ride
