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kleinbl00  ·  1740 days ago  ·  link  ·    ·  parent  ·  post: The Princess, the Plantfluencers, and the Pink Congo Scam

Not going to happen for, again, economic reasons.

The horological market is well-developed. The Swiss moved 40 million watches last year, for an average price of a thousand dollars. High end is over a million. The "luxury" category starts at about $14k.

A healthy high end suppresses the low end. Nobody is going to spend $8k on a $2k Fortis because $8k will buy a reasonable Rolex. And yeah - there's certainly speculation (I still regret not buying a UG Ferrovie dello Stato for $400 'cuz they're at like $800 right now) but there's enough weird old stock that I can buy an Ardath Long Distance for $20 or an NOS Genta movement out of a $12k model for $350.

My whole point is that Instagram is creating an artificial market. If Sotheby's has been auctioning your shit for 100 years you can be assured that price discovery is healthy.