The Real Reason No One Can Buy A Rolex or Patek Right Now - A Breakdown of the Shortage 2021
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Channel: Teddy Baldassarre
Views: 961,327
Rating: undefined out of 5
Keywords: teddy baldassarre, teddy watch, teddys watch reviews, teddys watch collection, watch industry 2021, watch industry news, rolex submariner, rolex daytona, rolex datejust, rolex milgauss, audemars piguet royal oak, audemars piguet, patek philippe, patek 5711, patek philippe nautilus, new patek 2021, new patek nautilus 5711, patek philippe auction prices, rolex auction prices, vintage rolex, limited supply watches, rolex authorized dealer, bark and jack, hodinkee, jenni elle
Id: rLB27j4vZnU
Channel Id: undefined
Length: 19min 52sec (1192 seconds)
Published: Sat Oct 02 2021
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I think heโs missing the point that many watches are sold between dealers and never see a customer and so prices are generated which real customers never will pay. Itโs a bubble which has to blow up some day. At the moment demand is high, but with the increasing prices this will drop to a point where not enough people can/are willing to buy one. Sure, there are always super rich, but Rolex alone is pushing 1 million watches to the market each year. So as every market, this one will be satisfied one day.