Priller
Well-known member
I think the days of doubling your money on a Rolex (or any of the trinity, outside of extremely limited pieces) is pretty much over.
Agreed, at least for the foreseeable future. A lot fewer folks running around with windfall cash, be it from start-ups or crypto, plus credit getting a lot tighter, both on rates and lenders willingness to extend. Anecdotally, there also seems to be growing pushback against Rolex's business model that implicitly encourages resellers to gouge.
Anyone with a mortgage up for renewal in the next few years is also going to have a lot less disposable income after they get whacked with a big bump on their housing costs. Maybe overseas demand will keep prices up somewhat, but even China is staring down the barrel of significantly reduced growth. And if Taiwan is invaded, that'll make things even tighter...
(I compare to the other 'collector' world I used to dabble in, vintage guitars and basses. Prices are finally starting to slip there, after what seemed to be endless exponential escalation. Another factor in that case is the boomers driving the market to buy that dream instrument have either already bought one or given up on buying one. The demand is shrinking as they die off or have other priorities in later retirement, and younger buyers don't have the same nostalgia for the '60s. I don't follow it as closely, but I believe the muscle car bubble has similarly burst.)