I think one of your skills is the fact that you are amazing at analyzing and shedding light on the world of watch buying. What factors do you encourage people and women to consider when embarking on the purchase of a luxury watch for themselves?
You have to dive into it first to understand the big picture, and the world of watchmaking is completely changing right now. Is crazy.
Why?
In 2020, the value and demand for watches has skyrocketed. I think what happened was the pandemic. People started panicking, especially rich people noticed how volatile the market is, stocks, what do you have. Demand for tangible items of real value has increased.
You’ve seen art prices skyrocket. Watches are included in that luxury sector, which is crazy because people are having a hard time, and it’s a tough time financially for a lot of people.
The rich are just trying to use their money wisely, and the value of watches over the past few years has gone insane. This goes deep into the consumer experience. Walk into any Rolex store in the world, and the shelves are empty. I’m not even exaggerating.
I think the reason why this is so is because Rolex has a good number of returning VIP customers. Before the watches had a chance to go on sale in stores, they were hounded by people on waiting lists or returning customers.
If you’re embarking on your watch journey and you say, “Okay, I saved $15,000. I want to buy a Rolex Submariner”, you can’t buy new, which is crazy.
