Quote:
Originally Posted by jfmiii
listen to the Eric Ku podcast on Hodinkee from the other week. he says he had several plastic Daytonas in inventory whose value dropped 50%. there's much more fast money in the market now than 10 years ago. but hey, "Rolex and other highly collected brands will continue to increase in value" in perpetuity.
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We shouldn’t equate fast money with genuine collectors. Eric is an outlier as a successful businessman first and foremost and a passionate collector second. He talks the market up like an auctioneer or a hedge fund manager. Unquestionably well informed but vested in rising values.
Sent from my cracked, broken hand wound phone. IG @morning_tundra