Watches definitely aren't obsolete. Just go look how many people on the street are wearing watches.
Well-made watches from known brands with a heritage keep their prices very well, even during economically difficult times. If you look at a mid-level luxury brand such as Rolex, you can invest $8000 for a watch that has a great track record in keeping its value: https://imgur.com/0XeTVg5 And that's not even a top-level brand. Rolex is considered mid-tier in terms of luxury watches and the Submariner is one of their lower priced models.
I find it hard to believe that you have some kind of special power to predict how such a stable market will suddenly experience a crash. Though I hope you're right, because I'd love to have access to great watches for a lower price.
> Just go look how many people on the street are wearing watches.
Uhhhmmm... Not many? And those who wear, it's either an apple watch or some cheap utilitarian model.
> I'd love to have access to great watches for a lower price.
Expensive watches require regular service to retain their value. Let's see how it will work when Rolex asks you for $1000 a piece for your briefcase full of watches.
I can see many owners of inherited watches being unwilling to pay up for servicing their watch. Which will prompt many of them to sell it, thus creating an increase in supply. At the same time demand for Rolex-type watches will be dropping, or at best remain stable. Thus, these watches will lose value.
Well, if you find a genuine Rolex at a rock-bottom price that needs servicing, make sure to let watch enthusiasts know, you'll make an easy buck flipping it.
Me? I've yet to find those deals.
> Uhhhmmm... Not many? And those who wear, it's either an apple watch or some cheap utilitarian model.
Are those not watches? You said watches are obsolete, and now you're discounting a big part of them. Apple watches, utilitarian watches are watches. Some people like them, others don't. I would never want an Apple watch, but I love my Swatch. No data tracked anywhere, no need to recharge, and looks and feels much nicer than an Apple watch for a fraction of the cost.
Well-made watches from known brands with a heritage keep their prices very well, even during economically difficult times. If you look at a mid-level luxury brand such as Rolex, you can invest $8000 for a watch that has a great track record in keeping its value: https://imgur.com/0XeTVg5 And that's not even a top-level brand. Rolex is considered mid-tier in terms of luxury watches and the Submariner is one of their lower priced models.
I find it hard to believe that you have some kind of special power to predict how such a stable market will suddenly experience a crash. Though I hope you're right, because I'd love to have access to great watches for a lower price.