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look at Bubble Backs and what happened to that market. look at stamps. look at antiques. i know the prevailing 'wisdom' on this board is that prices never go down and there will always be a place for top quality vintage Rolex. the fact is, tastes change with time; 50% price gains per year is unsustainable; high quality fakes can ruin markets.
i purchased a 16750 matte dial 10 years ago for $1750. the reference is worth nearly 10x that amount today. anything that goes up that fast can come down just as quickly. if the price goes to $25k in 2 years and im sitting on a couple watches worth $>50k, would i get more enjoyment out of the watches or a used 911? at some point, i will sell everything if this insanity keeps up.
and i dont care what others on here think, these Veblen goods are going to get hammered during the next recession. there are WAY too many people speculating on these for anything besides a massive correction to occur when the world economy hits the next downturn.
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