Bad economy, price drops inevitable?

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  1. #1
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    Question Bad economy, price drops inevitable?

    Can we expect to see a price drop right across the board in 3 - 6 months?

    I think so! What do you think?

  2. #2
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    Re: Bad economy, price drops inevitable?

    NO...

  3. #3
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    Re: Bad economy, price drops inevitable?

    Are you talking about new watches or used?

    For the past few months we have seen the prices of used pieces plummet. I know several companies have put off price increases of new watches, yet to my knowledge none have actually dropped their prices.
    -Jarrod


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  5. #4
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    Re: Bad economy, price drops inevitable?

    Quote Originally Posted by watch-man7777 View Post
    Are you talking about new watches or used?
    New and used.

    I am thinking in this economy, people are going to be buying watches in a lower price bracket(or not buy at all), hence manufacturers will lower their prices as an incentive to buy.

    As a result, the lower prices intrude into the territory of lower-priced manufacturers, who have to lower their prices to maintain market share.

    And so on and so forth.

  6. #5
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    Re: Bad economy, price drops inevitable?

    Well i can only hope that prices go down for new items... that would be good

  7. #6
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    Re: Bad economy, price drops inevitable?

    Quote Originally Posted by raisedbyrats View Post
    Can we expect to see a price drop right across the board in 3 - 6 months?

    I think so! What do you think?

    I think it has already happened.


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  8. #7
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    Re: Bad economy, price drops inevitable?

    The exchange rate is the key factor and dollar will lose its value even more in 2009.

    as far as used prices, it goes up and down depends on timing of the deals.

  9. #8
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    Re: Bad economy, price drops inevitable?

    It has already been reported here in the UK that sales of new luxury watches have been badly hit - one of those markets that is driven by nice bonuses that have now dried up. As in all areas logically sellers will discount to move stock and create cash.

    Used watch prices will inevitably fall - basic supply and demand.

    Summary of current economic situation - those who have money daren't spend it, and those who don't can't borrow it.


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  10. #9
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    Re: Bad economy, price drops inevitable?

    ive been doing a lot of looking recently and with the dollar to euro and the british sterling to euro values falling and i expect them to fall much further its going to be a good buying time for us in the euro zone example got a price on a omega and a hamilton last week at my local AD in ireland and then rang an AD in england and got a much better quote, but then again if any of ye have ever been to ireland you will know that prices in ireland are much higher than anywhere else in the world at least thats what we irish like to think , i forsee my collection expanding in size and quality in the near future as long as the us dollar and the gbp keep falling im a happy camper

  11. #10
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    Re: Bad economy, price drops inevitable?

    No, but you'll probably be seeing a lot of "factory authorized sales." I expect spiff programs for sales people and stores to take off.

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