Bubble talk........where is the market headed

[Gina Marie]

I think i can safely say that we have all done fairly well collecting these watches. I look at stuff i bought 2 years ago and wonder why i did not buy everything i saw. Look at what Heuers have done over the last year....i was looking at a 2446 gmt at 6200 with booklet unpolished a year or so ago....that watch now is 9-10k all day long. I remember looking at the Tudor snowflakes and shaking my head at 3500 a year or so ago....well that is now 6-8k....crazy. These prices cannot continue to appreciate at this rate or pretty soon a big block will be over 10k and most collectors will be priced out of the market. I am not saying that they are in bubble territory but some of these prices make no sense to me....look at the 5513 or even the 5512.....1680 reds, 1655s, etc. Where is this going? My buddy was telling me that his Movado super sea sub is worth 7500.....huh...that was 2k 2-3 year ago...with a plastic bezel.....gorgeous watch but come on. Help me understand what we are going through......looks to me like the P/E ratios are getting stretched a little here....