As someone who was already collecting watches in 1987 when the market dropped 24% in ONE DAY I'll tell you what happened 33 years ago. At the time I was working in Saudi Arabia but would transit through Zurich several times a year. I was buying NOS Cartier, Patek Philippe watches in the Kingdom and selling or trading them to the top vintage dealer in Zurich, it was a nice little sideline. When the market sank I happened to travel to Zurich a couple of weeks later and I commented to the dealer that his business must have been hit hard, his answer, 'business has never been better, people exited stocks and wanted hard assets, something that would hold its value'. Now, things are a lot different today but the concept is the same, in troubled times people will seek out safe places to park their money. Good watches that are attractive and well made will remain in demand and keep going up in value as more and more people rise in developing countries and people become more familiar with mechanical watches. There will be ups and downs along the way but the constant talk by some that the market is ready to dive, maybe permanently, is overblown and not likely to happen. And the hope that SS sport watches by Rolex will suddenly appear at list prices is also not likely to happen.
Many here say they don't care if their watches decrease in value because they don't plan to sell, but EVERY watch will eventually get re-sold, it might be after you are dead and buried, but spending good hard earned money on watches is still money that is part of your net worth. Treat it as an asset.
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