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I would expect demand to slide a lot further as countries crack down on corruption.

• DamnYuppie 2y ago
  How much of that market do you think or know was bought with corrupt money? Looking at it from the outside there were big gains in crytpo and the stock market. Which drove a lot of buying. Now as there are wars raging, uncertainty about the biggest economies in the world and what their output will be in the coming years seems to be playing a larger part than corruption from what I am seeing. Also the high end watch manufacturers seem to be shooting themselves in the foot by trying to control the secondary market for used watches which has driven used prices up. I feel the prices are at a point now where even very affluent people may not want to spend money on them as they are way overpriced compared to just 4 years ago.
  • benoau 2y ago
    I would totally accept there is a legitimate market for watches in the tens of thousands - millions of dollars, and people who can acquire that legitimately. But I have also seen many luxury watches in particular be a vector for identifying corruption, so I would expect a lot more corruption-funded purchases especially given how conveniently you can move hundreds of thousands of dollars in that form-factor.
• insane_dreamer 2y ago
  > I would expect demand to slide a lot further as countries crack down on corruption. Countries have been "cracking down on corruption" forever.