They just ran a crash course for families with $10M to $1B in assets. Average net worth? $90M.
People always ask me: "Is the market saturated?" or "Should I wait for prices to drop?"
Rich people will always buy luxuries. What others can't have. It's why the Apple Watch did nothing to this market. And why the industry has boomed since then.
The older, wealthy generation already loves watches.
But Gen Z? They're making money faster than ever. And they completely distrust institutions.
Homeownership? 401ks? They want nothing to do with them.
Like 0.
They'd rather invest in watches, cars, crypto, day trading...some even feel better off sports betting.
Some of those moves are smarter than others. But it tells you exactly where things are headed.
So what watches are they buying?
Audemars Piguet Royal Oak Selfwinding Flying Tourbillon Openworked in Sand Gold.
Audemars Piguet Royal Oak Perpetual Calendar in White Ceramic.
Richard Mille Bubba Watson RM 38-01 Green G-Sensor.
This is where the money is going.
Where are you placing your bets?
Goldman Sachs is teaching wealthy heirs how to buy watches.
By ERICH WOLTERS