A place to discuss all things ADM
#4096
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https://watchcharts.com/watches/brand_index/rolex
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#4097
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Rolexes have given up half their gain since mid 2020 on aggregate. So we're sitting approximately halfway between pre-pandemic and the peak. Same with 991.2 GT3 prices; down 10-15% but still 10-15% higher than 2019. Not sure either will ever get back to 2019 pricing but equally think we're still due for more drops.
https://watchcharts.com/watches/brand_index/rolex
https://watchcharts.com/watches/brand_index/rolex
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maroli (01-08-2023)
#4099
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CGT was 700k, peaked at 1.6M and now dropped a little to 1.3M. Will it come down to pre covid? Sometimes the collectible cars price never come down to previous level.
#4100
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Rolexes have given up half their gain since mid 2020 on aggregate. So we're sitting approximately halfway between pre-pandemic and the peak. Same with 991.2 GT3 prices; down 10-15% but still 10-15% higher than 2019. Not sure either will ever get back to 2019 pricing but equally think we're still due for more drops.
https://watchcharts.com/watches/brand_index/rolex
https://watchcharts.com/watches/brand_index/rolex
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RUF RS (01-09-2023)
#4101
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there is no circumstance in which the Fed will intentionally allow a period of general deflation. This inflation battle is all about cutting off future compounding inflation. The Fed doesn’t want deflation, and the powers that be simply won’t allow it. Can’t allow it. The governments would be all voted out (at best) Prices are never going back.
#4102
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there is no circumstance in which the Fed will intentionally allow a period of general deflation. This inflation battle is all about cutting off future compounding inflation. The Fed doesn’t want deflation, and the powers that be simply won’t allow it. Can’t allow it. The governments would be all voted out (at best) Prices are never going back.
#4103
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there is no circumstance in which the Fed will intentionally allow a period of general deflation. This inflation battle is all about cutting off future compounding inflation. The Fed doesn’t want deflation, and the powers that be simply won’t allow it. Can’t allow it. The governments would be all voted out (at best) Prices are never going back.
#4104
RL Community Team
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there is no circumstance in which the Fed will intentionally allow a period of general deflation. This inflation battle is all about cutting off future compounding inflation. The Fed doesn’t want deflation, and the powers that be simply won’t allow it. Can’t allow it. The governments would be all voted out (at best) Prices are never going back.
Now, with rising rates, there's just less free money and liquidity to go around.
The really wealthy are still consuming luxury goods, but there's less demand overall b/c most of the rif-raff who have been buying because of the low interest rates/free money have now gone into hibernation.
#4106
Race Car
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Not an economist, nor do I even pretend to play one in real life, but I feel like the drop in prices for luxury goods was due to low interest rate environment in the past fews years coupled with the volatility in the stock market. Luxury goods became the de facto safe investment to park your money.
Now, with rising rates, there's just less free money and liquidity to go around.
The really wealthy are still consuming luxury goods, but there's less demand overall b/c most of the rif-raff who have been buying because of the low interest rates/free money have now gone into hibernation.
Now, with rising rates, there's just less free money and liquidity to go around.
The really wealthy are still consuming luxury goods, but there's less demand overall b/c most of the rif-raff who have been buying because of the low interest rates/free money have now gone into hibernation.
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#4107
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This is what luxury watch market is now. Back in 2013, watches for bought to be worn and cars were bought to be driven. Very different world. I heard about guys putting a protective plastic cover on their rolexes while wearing them. Are you kidding me?
#4108
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Some interesting discussion on allocation and ADMs
@41:00
@41:00
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AlexCeres (01-08-2023)
#4109
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Congrats dude, as much back and forth as there is in this thread among us all, glad to see you get your car and in a beautiful spec at that.
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AlexCeres (01-08-2023),
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