Quote:
Originally Posted by lawrenceb
Fewer buyers = higher prices.. this trend will continue.
Cutting distribution created artificial demand, there is no reason for the prices
of certain models that have been made for years to be as high as they are.
The swiss watch industry is on the decline and will continue from now on.
All the brands have cut parts distribution to indy watchmakers to force the end user to send their pieces to the manufacturer so they can collect all the service revenue.
Bottom line is the the swiss watch industry is on the decline and will continue from now on. Younger generation has little interest or appreciation for mechanical timepieces. I expect to see brands combine with others to stay alive.
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I think this is actually leading to a consolidation down to a few choice models and brands, and that is helping to drive their markets, and as the resale disparity grows, these brands become more and more appealing as others become less so.