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WSJ: Crypto Bros. Aren't Flipping Watches

Jones in LA
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An interesting article in today's Wall Street Journal, just further confirmation of the state of the secondhand luxury watch market:

https://www.wsj.com/business/retail...for-luxury-brands-f9d8ffde?mod=hp_featst_pos4

Using the chart presented in the article (with data apparently supplied by Morgan Stanley), I worked out -- longhand -- what a typical "luxury" watch worth $10,000 at the end of 2021 would be worth today: about $6,400. Dang, just when I'm thinking about getting into a serious selling mode 馃槤
IMG_2727.jpg

If only I'd.....
 
Dan S
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That's a bit more dramatic than my intuition tells me, but I would certainly believe a 25% drop in many of the watches that interest me. I suspect that the 35% drop may be biased by a few models that really plummeted (Rolex Daytona, PP sports models, etc.).

On the other hand, in the last few months I am starting to see some stronger auction results sporadically.
 
NGO1
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It鈥檚 a good time to trade up for one or two I missed out years ago. Watches in the upper bracket trade even lower. Muwahahah

Everything trades lower, except for the ones I want.
 
Jones in LA
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Dan S Dan S
I suspect that the 35% drop may be biased by a few models that really plummeted (Rolex Daytona, PP sports models, etc.).
That's my guess also, as these data may be easier to find and track, and also will appear more dramatic.
 
Evitzee
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Quality is always in demand. I sold two perpetual calendars at auction in June in NYC, very strong results, about 25% higher than what I expected given the general market. Plan on doing some more selling next year, auctions are a good way to go if you have something that isn't run of the mill. The 5% auction commission is money well spent.
Edited:
 
Dsloan
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If only the prices on the things I actually want to collect would come down. 馃槕
 
JwRosenthal
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Dsloan Dsloan
If only the prices on the things I actually want to collect would come down. 馃槕
Hey, those Hummel figurines and American Girl Dolls are money in the bank!
 
Speed2Sea
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I've got a pile of Cabbage Patch Dolls I'm waiting to flip. I'm going to give it another decade or two.
 
Dsloan
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JwRosenthal JwRosenthal
Hey, those Hummel figurines and American Girl Dolls are money in the bank!

Apple tree boy and girl are nearing affordability. Only ~$8K!

Screenshot_20240826-215254.png
 
DaveK
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Dsloan Dsloan
Apple tree boy and girl are nearing affordability. Only ~$8K!

Screenshot_20240826-215254.png
Both are repainted, unfortunately
 
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