Green Rambles: Watches in a Bear Market
With crypto freefalling, stocks going into the red, inflation (and frustration) on the rise, one could say that we have entered a bear market. I thought the pandemic would have put us there already, but it did more of the opposite. When the cases of Covid-19 first spiked and we entered a lockdown, I remember thinking that nobody would care about watches. It turned out that with everybody at home, interest in this topic was on the rise. As most could also work from home, the income of a significant number of people didn’t decline, while the disposable part of it rose as many costs were cut as travel was restricted.
So after a slight dip, mainly caused by the manufactures forced to be closed during the lockdown, watchmaking went stellar. New products couldn’t be produced fast enough and were one of the reasons that the pre-owned and vintage market exploded. That is a part I didn’t in particular enjoy, as it is nice to see things maintain or gain their value, but in quite a few cases, the increase was so enormous that some models have become virtually impossible for an increasing group of collectors to afford. Another downside is that when watches gain so much in value is that they are worn less and less, as it makes people more conscious.
So what will be the effect of the bear market" Typically, this would lower demand, allowing the market to cool off, but is this still typical" Many of the ‘laws’ of economics have already...
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A Week in Watches Ep. 79 – Swiss Leftovers
29-04-2024 05:06 - (
Luxury Watch )