Current resale market

[gtbguy]

The current watch resale market sure feels weird. Three years ago anything with a second hand would sell in hours.

I follow Rolex, AP, PP, and Lange. Today, the only watch selling quickly is Rolex. PP, AP and Lange, several of their models just aren't moving. I'm seeing the same inventory on many websites without any change in prices. I don't know how any business can survive without moving merchandise. If you watch any of the auction websites the closing prices at the end of the auction are much less than the reserve price. I think we are beginning to see a correction. Maybe that is a good thing for us non-flippers.