Hororgasm[PuristSPro Moderator]
7545
Patek prices climbed too much over past 2 years..even Asia is slowing down
and ADs and grays have good amount of inventory, and they are not moving. even new ones like 5170s etc are available. even older models lile 5070s and 5970s are now on the market, sealed and some unnamed.
we Chinese are not stupid
-... we know when prices are too high and overdone. VC which was relatively underpriced versus Pateks are moving and low inventory levels.
best,
Horo
This message has been edited by Hororgasm on 2012-07-12 06:18:34
The party can't last forever.
By: whit : July 12th, 2012-09:30
The economy stinks in so many parts of the world, so really, this comes as no surprise at all and I would suspect it to continue for a while. Adding to the problem has been a hint of arrogance instead of gratitude that has found its way into the high-end ...
OTOH....
By: solicitor : July 12th, 2012-21:21
this may be temporary because there is saturation of the market... and that the Patek market is really not affected by the 'economy' because there will always be a segment/market (even half percent of the richest ) that will buy/desire a Patek... and that...