Quote:
Originally Posted by cascavel
If the 39% tariff on Swiss imports to the U.S. sticks then secondary market prices in the U.S. will rise. Primary sales from ADs will decline for those who pass along the tariff increase and more buyers will take advantage of the enormous spread between retail and grey market.
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In theory, but I think people are being squeezed from every side and the pool of people purchasing luxury goods is drying up. Upper end will keep purchasing, but the aspirational consumer will be gone.
Patek keeps raising prices when their non-sports watches sell at a significant discount in grey market… they are following the wind shift, by selling half the units at double the price so to speak.