Virus and corona watches

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Kargol

·Feb 5, 2021

Seems like used watch sales have increased in numbers since 2019. At least specific models and brands increased a lot.
However prices do not drop. On the contrary I see some omega models going up every day. Seems logical and strange at the same time. People are staying home and want to buy or invest , but also many people do not work at all and get smaller salaries. In my case here in Greece In 2020 I got one third of the money I got in 2019. It seems like 2021 will be worse... however I see my self buying normally like I did. Maybe I feel safe because I know I can sell with no big loss. But my question is: are there so many people selling and buying watches ?
thoughts?

 

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DaveK

·Feb 5, 2021

From what I understand, folks with stable jobs and stable income have nowhere to go and nothing else to spend their money on - no trips, no lattes, no impulse buying while out and about. Nothing except their passions that can be accommodated online. Watches are a great outlet for excess cash. So if you are selling, there are still lots of well-funded buyers. If you are buying, there is a lot of well-funded competition

sadly, those with money are saving huge amounts, while those who are financially affected by COVID must have tremendous stresses.

 

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Shabbaz

·Feb 5, 2021

Normally I'm going skiing with the family and after that with friends. Those two trips are expensive. But this year I cant go because of corona. So my first corona non skiing watch has arrived...

 

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connieseamaster

·Feb 5, 2021

Just pre-ordered a watch to celebrate my birthday (the second I'll have in this mess) and didn't think twice because a planned trip that had been postponed last year is 100% canceled for this year too. fυck Covid.

Edited: Feb 5, 2021

 

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Larry S

·Feb 5, 2021·Color Commentator for the Hyperbole.

Discussed before. White collar workforce has not been as affected by Covid. These are your watch buyers.

 

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Walrus

·Feb 5, 2021

It’s really weird. Such a disconnect. At work today I was literally sending out Hail Mary emails trying to find rental assistance for a number of people. The demand for help is so large all the programs that provide help now have a waiting list to get on the waiting list. I’ve never seen anything like it. Even after your vaccine your walking around with a mask and social distancing. It’s like getting surreal and the disconnect seems to be growing.

 

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TexOmega

·Feb 5, 2021

Only watch bought in a year now.

But its' condition was an overwhelming driving force along with cancelling seasonal trips.

 

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lexieb007

·Feb 5, 2021

Larry S

Discussed before. White collar workforce has not been as affected by Covid. These are your watch buyers.

Exactly - along with basically zero interest rates so the cost of a discretionary spend is zip...

 

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Evitzee

·Feb 5, 2021

And yet we have the 'need' to send $2,000 to almost every adult in the US, even those families who are making $150,000 and who never suffered any economic damage in 2020. Why? No other reason then Joe Biden promised it.

 

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Capt Cave Man

·Feb 5, 2021

Personally, I'm white collar in the UK and feel our outgoings have only increased...

We maybe saving due to remote working/no commute but while @home 24/7 we're still paying the mortgage, insurances, phone contracts and the usual home related bills whilst the interweb is being obsolutely hammered. Our utilities have also increased across the board and with 3 teenagers constantly raiding for food... ☕

No holiday simply means we're adding to the pot, hopefully a better break away when we all come out the other side, besides, I wouldn't want to know how SWMBO would react if I dipped into it 😗

As for watches, one every year or three is plenty as I save my pocket money towards them 👍

Edited: Feb 6, 2021

 

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Kargol

·Feb 6, 2021

In my country (Greece) that more than 25% of GDP depends on tourism things are different. In my island (Crete) for example 60% of people have not really been working since April 2020. Other smaller islands like Santorini or Mykonos depend 90% on tourism, so if this thing continues for more than another year I think it will be a disaster.
I don't really know if used watch prices continue rising in the next months, but for now I think that it is still a good investment, at least better than keeping your money in a bank.
So in the end do you prefer buying watches or going on holidays?

 

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Capt Cave Man

·Feb 6, 2021

Kargol

So in the end do you prefer buying watches or going on holidays?

Family comes first, always.

 

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DaveK

·Feb 6, 2021

This is interesting https://www.theglobeandmail.com/lif...ge-watches-collectors-track-down-the-perfect/

 

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Kargol

·Feb 6, 2021

DaveK

This is interesting https://www.theglobeandmail.com/lif...ge-watches-collectors-track-down-the-perfect/

Looks interesting but to read it you must pay subscription.. do you have the article somewhere else ?

 

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DaveK

·Feb 6, 2021

Kargol

Looks interesting but to read it you must pay subscription.. do you have the article somewhere else ?

Ooops, thanks 👍

Here’s the gist...The eagerness of enthusiasts to track down the perfect timepiece resulted in a banner year for interest in - and sales of - vintage watches in 2020. Chrono24 reported its best year ever, with US$2.4-billion in transactions, an increase of 25 per cent over 2019. Hodinkee, meanwhile, recently received US$40-million in funding from backers including LVMH, Google and celebrity watch collectors John Mayer and Tom Brady...