Rolex, Patek, AP Prices Plummet – 6 Ways To Capitalize On The Bust [Forbes]
SWATCH GROUP AG UNSP/ADR (SWGAY)
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Source: Forbes
I'm also a degenerate collector, and when I see cheap treasures, I want in. As I have learned since childhood, the things I want to buy because they are cheap tend to explode in value a few years later. That's been good to me in financial instruments, but as an addicted collector, that's no good – because, like a bitcoin hodler, I can't be parted from my treasures for any money. But at the same time, I can't buy more because they have gone up so much that the investor in me won't let me acquire more. A long time ago, when I was bright-eyed and bushy-tailed, I was bitten by the watch-collecting bug. In those days, a second-hand watch sold for 10-20% of its retail price. In the late '90s, a $30,000 Patek could go for $3,000 to $5,000 at auction, and they
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News
- Swatch became the elite Swiss watch industry's crusader by making colorful plastic timepieces. Now it'll have to prove itself once again [Yahoo! Finance]Yahoo! Finance
- Swatch became the elite Swiss watch industry's crusader by making colorful plastic timepieces. Now it'll have to prove itself once again [Fortune]Fortune
- Swatch profit plunges almost 75%, hit by weakness in China [Fortune]Fortune
- Sotheby’s To Hold A Sale Of Historic Breguet Timepieces In November [Forbes]Forbes
- Short sellers circle Swatch with analysts most bearish in years [Fortune]Fortune