4 ms·
Do you have any thoughts on these other factors, on the drop in demand? Sounds interesting to me. I'm not a collector but do fall for the lustre of high-end wat
by blawson 10y ago
Do you have any thoughts on these other factors, on the drop in demand? Sounds interesting to me. I'm not a collector but do fall for the lustre of high-end watches.
I see a few articles on the crackdown on corruption, strong franc, and younger generations being poorer. But surely China is minting huge numbers of new solidly middle and upper-middle class customers all the time?
- huhtenberg 10y agoFrom what I understand the dip was mostly due to an anti-corruption crackdown, because a lot of watches were bought as gifts/bribes. That's actually not specific to China, expensive watches have made an excellent bribe, but apparently Chinese were hoarding them in bulk for that purpose.