Will prices come down?

[gf15]

Hi all,
The bug has bitten.........
Looking to buy an IWC soon ( 1 - 6 months). I have watched the prices increasing at an alarming ( no pun intended) rate over the last couple of years.
What do people think will happen over the next few months (VAT increase accepted)?
Should I take the plunge now or in Feb?
Cheers!

[ShadownINja]

For some reason, they just seem to go up and up. I don't think anyone's told the watch industry there's a recession going on.

[Fittster]

In your life what has the been more of inflation or deflation?

[ShadownINja]

I don't think that's a good way to compare things. They're not just in line with inflation. It's damned good marketing. And besides, when have luxury watch prices ever come down?

Edited by ShadownINja on Sunday 24th October 17:28

[Webber3]

ShadownINja said:

For some reason, they just seem to go up and up. I don't think anyone's told the watch industry there's a recession going on.

It doesn't make much sense does it? Could the weakness of stirling have something to do with it?

One thing I have noticed is that discounts have got a lot better, so the 'best price' can be closer to the old price than the RRP. Maybe they're just trying to pull the wool over our eyes with these increases.

[bigandclever]

'Luxury' watches are Veblen products - the argument being that decreasing the price decreases the desireability (providing it's accepted that the demand curve has more than one peak). Crazy, but nonetheless a valid theory

[Ari]

Seems to work for Rolex!

[glazbagun]

bigandclever said:

'Luxury' watches are Veblen products - the argument being that decreasing the price decreases the desireability (providing it's accepted that the demand curve has more than one peak). Crazy, but nonetheless a valid theory

Low value for money is almost mandatory for luxury goods.

[theaxe]

The exchange rate has a lot to do with it, 1.67 CHFs to the pound at the start of the year. Now more like 1.52.