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In times of uncertainty people move toward safe havens. We can all agree on that.
Stainless Patek (and Rolex) is not unlike gold in this regard. There’s even a precedent for this happening with Rolex during times of high inflation. Some people would rather hold fine Swiss wristwatches as a store of wealth rather than a handful of worthless paper during trying times.
The idea that problems in HK and China will devalue high end watches on face seems reasonable, but I’d say there’s just as good a chance that people will cling even tighter to assets that are globally transferable.
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Instagram: soundsoserious
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