Do watch prices follow supercars?
Discussion
In the sense that there have been a few years now of rising prices, we have very bubbly market with stainless steel prices seemingly going up with no end in sight. In the super car market, prices seem to have retracted somewhat and lots of talk of downward pressure and an incoming recession - will watches follow this behaviour or are they very different markets?
Very different price points and differing markets to my mind.
Not everyone into cars is into watches and vice versa, although clearly there will be some overlap. Hence this part of the threads!
Throwing those into the equation I reckon the correlation will be there, but slim. Probably more a reflection of a correlation to general economic conditions rather than a direct one as it were.
An interesting economic dissertation in there somewhere I’d imagine.
Not everyone into cars is into watches and vice versa, although clearly there will be some overlap. Hence this part of the threads!
Throwing those into the equation I reckon the correlation will be there, but slim. Probably more a reflection of a correlation to general economic conditions rather than a direct one as it were.
An interesting economic dissertation in there somewhere I’d imagine.
Depends, if its a global recession or say a localised one
As long as it's localised, and it's not a worldwide apocalypse, watches will hold a lot steadier than cars.
-Watches are alot easier to sell a watch on the global market, than it is to arrange exporting a car (and related costs of doing so)
-For you're average desirable steel watch (Rolex professional, PP Aquanaut/Nautilus), the entry point is a lot lower, 10-20k is alot of money for alot of people, but cheaper compared to 10-20x that for a super car, so the market is significantly larger.
-Easier to store, maintain, have multiple of to flex on social media etc.
Flips side of that, it wouldn't take much to burst the bubble, it's happened before when all the cool kids moved onto different watches.
As long as it's localised, and it's not a worldwide apocalypse, watches will hold a lot steadier than cars.
-Watches are alot easier to sell a watch on the global market, than it is to arrange exporting a car (and related costs of doing so)
-For you're average desirable steel watch (Rolex professional, PP Aquanaut/Nautilus), the entry point is a lot lower, 10-20k is alot of money for alot of people, but cheaper compared to 10-20x that for a super car, so the market is significantly larger.
-Easier to store, maintain, have multiple of to flex on social media etc.
Flips side of that, it wouldn't take much to burst the bubble, it's happened before when all the cool kids moved onto different watches.
mike74 said:
The prices of supercars (and many not so supercars), watches and just about anything else that can be described as an 'asset' will all roughly follow each other in the greatest asset price bubble the world has ever seen.
^^^It's not the assets going up, it's our fiat currencies going down the toilet as we are slowly robbed.
jonah35 said:
Yes they do
Cars have fallen
Watches will follow suit
Rumours already that watches are falling
High end watches, cars and boats are all ‘discetionary’ Purchases- Cars have fallen
Watches will follow suit
Rumours already that watches are falling
second hand yacht prices plunged after the financial crisis as owners who purchased on debt had to offload , plus the impact of fewer buyers, reduced demand.
Same can easily happen with cars and watches (classic car values dropped after the stock market drop / economic issues in late 80s / early 90s.
all 3 are essentially luxury toys ....
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