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Watch Market Collapse! Why Did Secondary Market Prices Fall So Much?

Patrick Boyle 1 views

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All the car buyers of 50's and 60's models are dying just like no one collects flipperless pinballs anymore because the people who fell in love with flipperless pinballs when they were young would be 135 years old these days
Comment from : @seanshea8596

Good job!! Like always
Comment from : @Cantbuyathrilll

The only watch I want is my Transformer watch
Comment from : @tnickknight

Rolex aren’t exclusive It’s absolutely true I always see Rolex but I rarely see a Omega or JLC
Comment from : @bamboohat7

When the Rolex sprite was released it was in 2022, it’s the only mass produced left handed Rolex available to the general public, initially prices were £50k now £14-16k in 2025 if purchased on the grey market
Comment from : @davegreen2009

My Casio collection will still be popular
Comment from : @keithkuhn6404

When I had my 5th birthday my dad asked what I wantedbrI said l wanna watchbrSo he let me
Comment from : @DeadFlowersForDinner

Very informative video great analogy’s
Comment from : @karlgee2607

I’ve been to 5 different Rolex boutiques in the last month and none had any pieces to sell me
Comment from : @everettgarcia

My oh-demars peegay "aristocratic spruce" watch from China suits me just fine Can't lose a lot if you don't spend a lot
Comment from : @mk-ki3jc

2:15 "clothing, cars, expensive foods, and HOLIDAYS"brbrThat gives me an idea: Anyone want to buy my week in Iceland ? It's a 2016, only used once
Comment from : @japphan

I guess jewelry stores that sell rolex in my area haven't received this guy's meno You still can't buy a rolex from an AD, especially a tool or sport watch, with out being on their waiting list A waiting list I might add that your name will never reach the top of with out some other serious jewelry purchases brBut you can find them all day for a 40 to 60 percent mark up above retail brBut good talk, too bad it's fantasy!
Comment from : @johnfattig6937

I might wanna Rolex Explorer
Comment from : @mscorrell

Because everyones skint
Comment from : @johnord684

Cause watches are useless pieces of shit with absolutely no value
Comment from : @the_luki

I'm a long time watch guy A guy with a digital Timex - with velcro strap! - with built in stopwatch/lap timer and that lights up when you push the little button I've had it for a long time
Comment from : @ArgDu

BS it didn’t !
Comment from : @TheLastOilMan

This crash applies to guitars, whiskies, and other industries : human greed is finite, human follies (stupidities) are not
Comment from : @ironmantran

He's dighting it out both ends🥲
Comment from : @lifeoflennie2443

Don’t seem to notice this at all, prices for a steel sub/gmt are still absolutely outrageous over here in the Netherlands
Comment from : @elmanitasdeplomo

Greed is a common trait of man
Comment from : @TruthHasSpoken

There have always been Rolexes available, but they go out the back to flippers who bribe the salesmen with trips and expensive gifts I know people who get 6-10 stainless steel sports models per month
Comment from : @RichardFitzwel

Rolex boutiques are still empty
Comment from : @RichardFitzwel

Highly informative!
Comment from : @schweinhund7966

Because these watches aren't even worth their current prices
Comment from : @MG999-p6n

Don't buy watches for investment purposes Buy Art
Comment from : @MrPhotographerDude

The content creators pushing all this knew full well but were pumping their audience so they and their clique could dump loads of trash on them
Comment from : @insanogeddon

Two of my favorite topics in one video, watches and rap music
Comment from : @theianmce

Use this text for clicks Anybody have to know, the price never will collapse 58
Comment from : @geertvoorwinden8924

What watch is Patrick wearing? Is that a vintage omega?
Comment from : @ccncomics

Now do record collecting!
Comment from : @henryoliver2833

Your videos just make me happy I know nothing about economics (as evidenced by my undergrad grades in Intro to Micro and Macro, or financial markets So, if I have enough general knowledge to generally follow you, I always learn something I've watched enough of your videos now (and am subscribed) that I find myself also waiting for your funny comments, which have made me laugh aloud, heard only by my 2 cats Of course, as to the humor, it helps that I'm Irish
Comment from : @mshickey7162

lol this guy is a mega-virgin
Comment from : @BenState

Buy cheap Njoy
Comment from : @RonSommar

It's good to remember that no collectible outperforms the stock market We get constantly hustled to buy collectibles for investments No matter what it is, it will not outperform the S & P in the long run That keeps it simple
Comment from : @rst90274

Get a copy of any watch for under $100 in Asia,
Comment from : @rst90274

Marketing, hype, greed,fear; people can be persuaded to invest in anything; will never forget a nephew buying sneakers as an investment brThanks Patrick for your insights
Comment from : @johnsmith-i5u

I really hate the culture of buying things and not using them that’s developed and proliferated around cars and watches If I could afford a Mercedes-Benz CLK GTR Straßenversion or Ferrari F40 (two of the cars I’d have to have if I were rich) I would drive the snot out of it!
Comment from : @ericHHII

Stop investing in 'things' that you can touch, invest in something that you can't, buy crypto
Comment from : @pennygeno5629

Terrible, terrible news
Comment from : @marcinha1973

Also note the replica watch market that is huge Many people would prefer to wear and beat up a watch worth $400-$600 vs the real version
Comment from : @newyorkvisionary

But Patrick, what watch are YOU wearing?
Comment from : @stingaling

what do high end watch retailers do all day even when stock is aplenty?brrolex: 'ok, here's the watch you asked for that'll be a 1 bed apartment please thank you good bye'brpatek: 'ok, here's the watch you asked for that'll be 3 city houses please thank you good bye'
Comment from : @davegubbins4428

My opinion on luxury watches won't please many, br2oz of gold and enough cash to buy a quality automatic watch is better way to spend your currency brUnless you have so much gold a few extra ounces doesn't matter
Comment from : @harryzero1566

Great video The price indexes for collectibles chart has a badly distorted scale (log) and is deceptive
Comment from : @tonyrobinson9046

The boom was surely triggered by inflation, right? More money was available, people looked for places to invest that money, and they found watches Investing into watches isn't the smartest move possible, but it still beats investing into digital ape pictures, which also happened around the same time (and was also clearly triggered by inflation)
Comment from : @matushorvath

It fell because it shouldn’t risen in the first place
Comment from : @futurepast1

This is why I exclusively invest in orange juice futures
Comment from : @Pb9098_

KODK In the fairy tale of the Emperor's New Clothes, which character do you like?🍔🍟
Comment from : @foxfox-m9q

Slight correction Patrick and viewers, Harry Enfield wasn't actually doing an Irish accent!
Comment from : @DevRSVR

We all have a pocket watch a phone
Comment from : @nunyabeeswax8485

SobrThe old saying still rings true!?brbrBuy what ya like!
Comment from : @computerbob06

Over 50 and had two swatches in 1987 and boy was I a loser There were girls with 3 or 4 on one arm and they coordinated with outfits brPens and watches were all the 80s rage brMont Blanc for those who know❤
Comment from : @Stacydsullivan

The China super clone ruined the luxury watch market
Comment from : @dannyhayes664

Money is just made up, there’s no reason for inflation
Comment from : @HBC423

Buy gold bullion
Comment from : @gounchface

Ya , if you cant covet your friends wife but an expensive watch ,
Comment from : @SkyPilot54

At this point in time, the only thing I can think of that is more ridiculously stupid than wearing a watch is owning a horse
Comment from : @WisdomVendor1

If the secondary market crashed so bad how come I'm still finding regular watches like Bulova and Tissot for more than retail on Chrono 24? Are people actually paying more for a used watch than they can buy it for on Amazon brand new?
Comment from : @akiblue

TY 👍
Comment from : @bricks-mortar

No more money for shiny things Gotta pay the bills
Comment from : @BEYONDYOURIQ

I find your video as exhilarating as financial reportI guess you used to work in finance You have humour in your video that is god level Excellent Brilliant
Comment from : @lionpolis

I was just as surprised when the bottom dropped out of the second hand typewriter market
Comment from : @ThedudeabidesDood-l5n

understood you by your actions, not your uppity words
Comment from : @devinseitz93

1210 😂 fantastic brother
Comment from : @ruarimcdade6625

Great video man!😊
Comment from : @Shooterpirat

Violent watch theft increased proportionally with the increase in Illegal migrants, bussed into NY by Democrats hoping to destroy America
Comment from : @dannyarcher6163

Watches, cars, crypto all rely on the greater fool principle of investing
Comment from : @KienTang-y8u

Cause it's a giant fad It's barely more functional than jewellery, and that function (ie, a fully mechanical method of keeping time) can be had for way, way less than the insanely inflated "investment" prices people trade the stuff forbrIe, there's practically no good reason any watch should cost significantly more than the sum price of its constituent metals and gemsbrThere, saved you 30 mins
Comment from : @VisivisiV

The idea that any consumer product being viewed as an asset is just dumb if u cant afford a watch its not for you
Comment from : @strictlykev311

Which brand is your tie please?
Comment from : @ROBERTORRRR1

Beanie baby's worth is nothing but an illusion
Comment from : @jamesp8095

Thanks Patrick, I didn’t know that I was interested in watches until you educated me
Comment from : @Luckydog557

How about fake watchbr
Comment from : @sunatagunawan8368

Easy because I build watches 😂 Most popular watch I've sold is the Tiffany Nautilus
Comment from : @PrincipalityofZeon

Hype for click bait It’s price normalization, not collapse
Comment from : @johndickinson8848

My parents owned Rolex wristwatches, and always complained that they kept awful time I remember them often calling the “time number” for the accurate time and resetting their watches It seemed like such a pain in the ass that an overpriced piece of shit came with a garbage movement inside A stainless submariner costs less than $500 to produce, yet this overhyped trash sells for over $10K!! Why are Rolex owners such dumb sheep, falling for the ridiculous belief that their watches are valuable at all?!😂🤣
Comment from : @chrisobrien7526

The AD's screwed the real customers of Rolex's during covid by selling to friends( who probably flipped) and the grey markets for big bucks This market is dead for many decades
Comment from : @rollie5579

I like your pencil sharpener
Comment from : @benfidar

Less "Tic,Tic,Tic" More Pudd Pudd Puddy Puddingtons with PBoyle the Bpy of Pudd [head]
Comment from : @tonypate9174

cool story bro
Comment from : @ponetastic

Oh dear Atms down again,,,,,,damn tthat internet
Comment from : @Greego-z1z

well said Jim I,m off to buy tulips
Comment from : @Greego-z1z

Watch is an obsolete, non functional product in the 21st century It was passed down from previous generations as a sign of status and wealth A piece of jewellery people still enjoy, strangelybrbrPersonally, I have two phones and a tablet with me at all times Wearing a watch feels strange and completely redundant to me
Comment from : @loizospapaloizou9494

Nope, we did NOT see this "happen in other areas" This was pretty much ONLY in luxury watches Completely mis-priced and all HYPED!
Comment from : @n-da-bunka2650