IWJG dealer highlighting vintage watches listed in lesser known online auctions around the world.
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If you are not a billionaire, nor worth more than $100M, and you buy the grailest of grails steel Patek 1518 for $20M today, and sell in 5, 6, 7 or 8 years for $50M, inflation (2.4%) adjusted pre-tax CAGR/IRR is as follows:
Please click “View Entire Message” if reading from email. From “Luxury is Back in Fashion”, Taylor Bowley, Bank of America Institute, via the excellent :
Price negotiations for pre-owned watches and jewelry tend to be far more inefficient and messy than those for diamonds, where the Rap Sheet sets a starting base price, and the gist of negotiations is generally about future price expectation...
I will be exhibiting at the Nov 18/19 IWJG Miami show. Please stop by to say hi if you are attending. If I’m not at my table please dm or Whatsapp me. See you at the show.
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