I believe one in every of your many abilities is the truth that you might be so nice at each breaking down and demystifying the world of watch shopping for. What elements do you encourage people and girls to think about when they're embarking on a luxurious watch buy of their very own?
First, it's important to go into it type of understanding the panorama, and the world of watches is in complete flux proper now. It's so loopy.
In 2020, the worth and the demand for watches went by the roof. I believe what occurred is the pandemic hit. Folks began panicking, notably rich folks observed how unstable the market is, shares, what have you ever. The demand for tangible objects that maintain their worth actually went up.
You noticed costs in artwork skyrocketing. Watches have been included in that sector of luxurious, which is so loopy as a result of folks have been struggling, and it was such a tough time financially for thus many individuals.
The rich folks have been simply attempting to be good with their cash, and the worth over the previous few years of watches has been insane. This has trickled down into the patron expertise. Stroll into any Rolex retailer on this planet, and the cabinets are empty. I am not even exaggerating.
I believe the rationale why that's is as a result of Rolex has numerous high-profile VIP returning clients. Earlier than the watches also have a likelihood to hit the shops, they get scooped up by folks on the wait checklist or returning clients.
If you might be embarking in your watch journey and you are like, "Okay, I saved up $15,000. I need to purchase a Rolex Submariner," you possibly can't purchase that new, which is loopy.