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lapince

Huge flow of Rolex Daytonas on the 2nd hand/grey market

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I'm guessing there's a far simpler answer that has to do with how chrono24 aggregates ads. Some previously unaffiliated grey market sellers are now showing inventory. I doubt that the number of individuals reselling their watches has tripled in a few months.

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Hong Kong watch retail sales plunged in June yoy (think data showed 40%) on the back of China corruption crackdown and seasonally slowdown in sales as well as slowdown in tourism from the mainland. Also tourist visitations were flat - the ADs I went to here are more amenable to entertain you nowadays:)

Luxury stocks hasn't done too well last couple of months either

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