such as China, Russia and India soon to be followed by many South American countries, I think they may be pretty bullet proof and can exercixe a less than favourable approach to traditional long standing markets, but as the growth diminishes in the new markets, they may look to consolidate.
The simple economics is why make life hard for your self , in a poor economic climate and have to find 3 buyers for a £2k watch when you can earn the same revenue from selling one watch for £6k.
If people still see Rolex as a luxury item, a rare 'treat' you will always find a buyer (less at each price break) for such items no matter what the economic climate. My old dealer now retired was seeing an average of 30% increase in sales value year on year with Rolex, it kept his jewelry businesss going when all else was slowing down.Theres still a massive waiting list for SS Daytonas in the UK despite massive hikes in prices ...............you never see a new one for sale in dealer windows, I wonder why that is........maybe Rolex manupulating the UK market ?
All the best