Quote:
Originally Posted by BCD
3 grand for a watch?
Holy shit.
Can't even imagine. But, then I'm just a lowly truck driver.
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My in-laws are an importer for luxury watches and purses. As an outside observer, I thought it was ridiculous at first--actually, I still think it's ridiculous--but one thing I found interesting is the nature of depreciation.
Basically, if you get the starter luxury watch or a commonplace brand (like Citizen or Gucci or Coach), the price is going to sink like a rock. If you spend more, however, and get the right model and brand (like Patek Phillipe or an Hermes bag), the price really will go up and sometimes at a surprising rate. My wife got this bag (as a gift) three years ago that she can sell for double the price now.
You want to buy the bag or watch that bored, rich people are going to have a hard time finding on ebay basically.