I am unpacking from Spring vacation and re-packing for IWJG this Tuesday and Wednesday. I am going to keep this one short and sweet. I am seeing a real decline in action for common stock, on the buy and sell. I made an offer on a piece over a month ago and the seller is still holding on saying prices will come back up soon. The piece was a 5513 at $3k w/a refinished dial. Are people mad???? The hobby is going into very dangerous waters with the Summer approaching. I really think the only action worth getting involved in will be the big auction world. many newcomers are not getting a fair representation of pricing as many people just plain overvalue their stuff and scare off any potential buyer, and thus people lose interest. This is the worst case scenerio. Does anyone remember the "bubbleback" craze of the mid-late 90's?? I am not saying sport will die out like they did but it is the same kind of mess. There are not many players in the game and those who want to get in are not enticed by any good deals. I am primarily selling to dealers who in turn sell to other dealers. Not many end users. The public is selling but with moders and most vintage, you cannot buy it cheap enough to make a profit.
I will be in NYC as of later today and anyoine who wants complimentary admission to IWJG can call or email me.
732 492 6452 cell
info@tuscanyrose.com
I really hope I am wrong but reports from Hong Kong are the worst in recent memory. I am hearing many of the mid level players are not even coming to NYC, waiting instead for Vegas next month.
My NYC report will come Thursday. Sit tight...
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