25% down from absurd peaks, still high in the grand scheme of things.
Really the only people likely to be experiencing twitchy bum are the gamblers who bought to invest and not to enjoy.
Some of mine may and indeed WILL drop, but if that sort of thing erases pleasure and introduces worry, stop collecting watches.
This is largely true but there's also a few people who very much like watches who were probably spurred on by the residual value. Not to make money, just the value gave the confidence to buy a bit more than you otherwise would.
If it does get brutal I might even get a call or two.
Let me know when I can buy a 5167A in an AD. Until then, I hate it all
Just imagine a world where used prices drop significantly - so significantly, in fact, that Rolex's absurd retail prices are unavoidably spotlit given the rather unimaginative mass-produced watches for which they are being demanded...
Wouldn't just be the speculators with twitchy sphincters, then - Rolex's marketing people will have their work cut, too...*
* Can't possibly happen, best watches in the world mate, your [sic] only jealous, wear in good wealth, &c ad naus. ...