When the economy turns south, not even the privileged buy luxury!
Remember the years pre-pandemic?
The watch market was at the bottom, so all is temporary.
I remember in 2010, at a AD’s in New York it was offered 35% off any Lange right from the start, and I believe we are heading back there very fast…
Just try to sell a Lange on the secondary market you’ll see it yourself.
So I think that the strategy in theory is good but it’s not timed right.