@Swaye @Doogles so where do you see the luxury watch market heading in 2023 and beyond?
Will we ever get back to be able to walking into a Rolex AD and buy a Sub or GMT Master II at retail without having any special relationship?
Short answer: yes. At the rate it is imploding you will have subs in cases at retail in the next year I'd guess. Daytonas will stay hard to get, but I bet even Pepsis will be in cases in 2-3 years. The party is over. Nobody is buying. Everyone is selling but trying to hold artificially high prices so they don't completely go underwater on stock. It's a mess if you were buying at peak levels.
Great news! God, I hate dirty speculators.
Who buys a watch and flips it? You should love that thing and keep it forever.
75% of it is driven by social media.
You can already walk in and buy the JV luxury of your choosing. Big boy brands are next in the coming 12 months. Actually, when I was in Chicago this past August I stopped in the big boutique on the Magnificent Mile and they had some Rolex in cases and available. Not the GMT, Daytona type stuff, but 2 years ago there was nothing at any AD's.