Originally Posted by
Haywood_Milton
Trying to resist schadenfreude where I sit, seeing a little panic at the sillier end of things. Would-be dealers neck-deep in big watches trying to off-load them in my stores. This week one wanting £18,500 for a GMT 126711CHNR and another with two Day-Dates including a rose gold 40nm olive dial, waving a Mappin & Webb valuation for £70,000. RRP is £32,250.
It will be different from model to model, but the Bitcoin-style hysteria is failing and some models like these are very vulnerable.
I expect to be helping insurers with a growing number of negotiations for spurious loss / theft claims over the next year or two, as they can be the last resort of the desperate who caught the falling knife.
I expect the steel professionals to be well insulated from the worst of it.