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Last night was a good night

October 27 2017 at 4:12 PM
r88tbeer  (Login r88tbeer)
VRF Member
from IP address 151.224.119.106


Response to Good night for Rolex! 17.7 mil for PN

in terms of drama, headlines and excitement.

The watch fetched what it did due to provenance and the fact it was owned by the man who defined the watch.

Compared to art and classic cars the vintage watch market still lags behind.

Whether this trend of growth will continue is still open to question.

Like all asset classes, a correction or slow down is always inevitable after a long sustained period of growth.

Prices have risen at an immense rate over the last 10 years during a period of record low interest rates.

Once interest rates re-adjust and rise I would expect growth to cool off and fall back.

Whether that happens is of no concern to me because I will still continue to buy vintage pieces and as the old saying goes "don't have all your eggs in one basket!"




 
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