Quote:
Originally Posted by shkure
This is exactly it. I am afraid that most buyers at these prices are speculators who bought it as an “investment” just based purely on hype and speculation. They are not educated enough about how the watch market works. It’s completely unregulated. Gray dealers can pull the bid at any point and they are not know for their ethics. Again, read or ask about the limited edition RO Offshore market of early 2000s.
And no, the FED will not step in to save you in the watch market.
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It's a good thing that there is no facility for shorting this market because a lot of people would have been hurt when it blew through $50K, 60K, 70K, 80K, 90K and now 100K.