Since I was not in the market for anything over $1,000 in 2008-2009, or any previous market downturn, I am curious to know what the buyers market looked like during those times.
With some non-US markets suffering to differing degrees and the possibility of a slump domestically - is it worth waiting a few months or more to see where things go, or is the chance of any real price decreases not worth passing on a piece that is 'just right' today?
Curious if, during an economic downturn (based on past experience):
-ADs would lower sales prices (from manufacturer direction possibly?) on new units
-Pre-owned private sellers are more likely to sell at a discount
I have a felling that buyers and owners of higher dollar watches are less likely to sell off regardless of market conditions but perhaps I am wrong. Were you able to pick up exceptional deals in 2008-2009 if you had cash on hand to take advantage of someone who needed to sell or was it really no different. I also am referring to the 5k-15k range to focus the question a bit more.