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The collectible watch market knows the falling price of everything and the value of nothing

There have been expensive wristwatches for as long as there have been wristwatches of any kind, but it took the arrival of the smartphone and various other digital assistants to light a fire under the “luxury timepiece” business. There’s some justification for it, actually. After a brief and embarrassing period of Apple Watch mania, we all now understand that this much-coveted supercomputer-on-the-wrist is simply a closer and more humiliating leash to one’s employer, a public declaration of fealty to the imperious demands of email and Slack messages that can vibrate one’s pulse point instead of one’s pocket tackle. ....

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Customs officers seize counterfeit watches in Louisville estimated to be worth $4.24 million

The counterfeit designer watches would have been worth $4.24 million if sold at Manufacturer s Suggest Retail Price (MSRP). ....

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BBCNEWS Talking Business June 4, 2024 01:47:00

We have 30,000 new items coming onto the platform every day. every day? every day, 30,000 new items. and the way i think about what i buy first hand or second hand is de facto looking at it, what has the highest likelihood to resell at a good price? and the more luxurious you go or the more hot you go or sexy you go, depending on on the brand and whatever market cycle we re in, the more likely you are able to sell it at the same, maybe even higher, or just at a smaller discount below. so, if you think about the hot brands today, you know, dior absolutely is hot. so, dior is reselling at the best price. but if you really look at it from an investment perspective, you almost need to not think luxury clothing but you need to think luxury and that s, you know, you re very quickly in the hermes bag, chanel bag or the main, you know, known watch brands that we can all think of, whether it s patek or rolex. but, sorry, are you talking ....

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BBCNEWS Talking Business June 4, 2024 02:48:00

Or second hand is de facto looking at it, what has the highest likelihood to resell at a good price? and the more luxurious you go or the more hot you go or sexy you go, depending on on the brand and whatever market cycle we re in, the more likely you are able to sell it at the same, maybe even higher, or just at a smaller discount below. so, if you think about the hot brands today, you know, dior absolutely is hot. so, dior is reselling at the best price. but if you really look at it from an investment perspective, you almost need to not think luxury clothing but you need to think luxury and that s, you know, you re very quickly in the hermes bag, chanel bag or the main, you know, known watch brands that we can all think of, whether it s patek or rolex. but, sorry, are you talking about certain products that would resell higher than the original purchase point? yeah. i mean, if you think ....

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BBCNEWS Talking Business June 4, 2024 22:48:00

You go or the more hot you go or sexy you go. depending on on the brand and whatever market cycle we re in, the more likely you are able to sell it at the same, maybe even higher, or just at a smaller discount below. so if you think about the hot brands today, you know, dior absolutely is hot. so dior is reselling at the best price. but if you really look at it from an investment perspective, you almost need to not think luxury clothing, but you need to think luxury. and that s, you know, you re very quickly in the m2 bag, chanel bag or the main, you know, known watch brands that we can all think of, whether it s patek or rolex. but, sorry, are you talking about certain products that would resell higher than the original purchase point? yeah. i mean, if you think about a birkin bag, it s probably selling at two times the original purchase, four times the price because, you know, the luxury industry has constrained ....

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