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[market] Prices for used Rolex and Patek Philippe watches fall to fresh two-year lows on the secondary market (alien.top)

submitted 10 months ago by Linkaex@alien.top to c/watches@style.land

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[–] LegendaryCichlid@alien.top 1 points 10 months ago

People got drunk on the idea of making money doing nothing during covid. People emptying their life savings to buy a used submariner hoping to make 800 bucks are starting to realize they should probably just go to work. People could not go anywhere or do anything during covid, so they bought stuff online. These watch youtube channels were not really a thing precovid. They will cease to be a thing soon. The big players will always be there but the average guy thinking he’s gonna mazal his way to riches off used watches is a dying breed.

Would I like to have a rolex? Sure. Will I get more satisfaction from owning one than a seiko? Maybe? Am I willing to be overtly ripped off because of the ever lessening possibility that I could make money on the grey market—hell no.