AP RO Jumbo (Platinum) - Hodinkee Article

[fsprow]

It’s hard to see what the problem is here. Watches are a totally discretionary product - not like healthcare!! One may not like the way the market is set, including the role of resellers, “flippers” etc. and wish things were the way they once were, but the reality is that one can easily purchase any watch that they desire at market price. Or sit back and bemoan current reality.

No one knows what the “material balance” is here. By that I mean the overall flow of watches from manufacturers, intermediaries, and customers etc. and how large a role different buyers and purchasers play.