Oddjob
·IMHO, the price appreciation is a combination of monetary policy, government stimulus and "relief" programs, and global concerns about inflation and currency devaluation - a lot of people have had a lot of cash for the last 2 years, and have been moving that into commodities, including luxury goods. Its not watch collectors that are driving up these prices. 2 years ago, TinTin's and others benchmark pieces were going up at a much much slower pace; in fact, prices were flat in many cases. Then came trillions in stimulus, monetary easing, Covid relief, etc. and all that money has to go somewhere; its propped up stock markets, bonds markets, and commodities. Hello inflation. Will everything come crashing back down? Who knows, maybe this MMT goes on forever, I'm not smart enough to know, but I do know, its not watch collectors battling each other pushing these kind of price movements. I'm not a buyer in this market, that's for sure.
+1
This resume perfectly the current situation... Same as new Rolex, AP, Patek, .... that's nuts !