I don’t see any indication of a clear bottom yet. If you aren’t in this to make money then no big deal.There’s not really any buyers right now for over msrp AP, Rolex and Patek. Lord knows how far Richard milles have to fall. If a dealer wants to lower that Royal oak to market price to sell it only begets a new low on the next one that sells as buyers want to set a new low when buying anything right now.
It’s very simple. Don’t buy anything for over msrp plus tax. Then your downside is palatable as these are luxuries after all and if you’re buying you’re probably a watch geek not a speculator.