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Why have we seen about a 7% increase in the watch market over the past couple weeks?

Why have we seen about a 7% increase in the watch market over the past couple weeks?

When stocks and crypto are in turmoil?

This rise is happening across select Rolex, Patek, Richard Mille, & AP models

And it’s now becoming harder to find the right models at the right prices across these brands.

So what’s going on? There are a few things happening right now…

Money is fleeing to safety. Watches with precious metals have always been a safe place to park money during market uncertainty. 

What a lot of people don’t seem to understand is that the right watches are no different than gold. 

And the recent drop in crypto is directly related to people moving out of those positions and into the premium luxury watch brands. 

Safety.

At the same time there’s another market force working... 

Brands have already increased prices in the past year. 

And production will start to slow for manufacturers as rising material costs shift globalization toward nationalized production

These are all the ingredients for a sustained rise in secondary market pricing across select models from Rolex, Patek, Richard Mille, & AP models.

I would highly recommend looking at those watches, and not running away from them b/c you think they’re slow movers and not doing well. 

You always play when people are scared. And you run when everyone else is investing. 

Once again we’re seeing the market move in the right direction. And it’s very very exciting to watch this especially if you’ve been playing.