That's an interesting chart -- from the title, I was expecting a much longer time-horizon and was already prepping my comment about how the Rolex brand has less cachet than it used to, since it has become the "common" expensive watch brand.
But actually, this is a six-month chart showing a big increase running up to February and then a big decrease. I'm surprised there are such dramatic swings in watch prices, actually, but the current decline fits with all the theses about money getting tighter, and the endless supply of money drying up just a bit.
It's particularly interesting to me that prices had a 25% increase during the beginning of that chart, indicating to me that the free money was running out of places to go.
But actually, this is a six-month chart showing a big increase running up to February and then a big decrease. I'm surprised there are such dramatic swings in watch prices, actually, but the current decline fits with all the theses about money getting tighter, and the endless supply of money drying up just a bit.
It's particularly interesting to me that prices had a 25% increase during the beginning of that chart, indicating to me that the free money was running out of places to go.