this post was submitted on 24 Oct 2023
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Problem is the watch market will always be goofy. Far too much demand than supply and therein lies the problem.
It’s not even supply/demand it’s the weird market for luxury goods. This JLC was 9700 a year ago, 14600 now, but you can pick them up used all day for 7-8000. Funny thing is you could pick them up used for 7-8000 before the price increase too lol.
So the new price went up by 5 grand and the used value didn’t shift a cent.