{"id":80188,"date":"2022-07-08T09:04:09","date_gmt":"2022-07-08T08:04:09","guid":{"rendered":"https:\/\/www.watchpro.com\/?p=80188"},"modified":"2022-07-08T09:04:27","modified_gmt":"2022-07-08T08:04:27","slug":"which-watches-to-buy-hold-and-sell-in-a-cooling-after-market","status":"publish","type":"post","link":"https:\/\/www.watchpro.com\/which-watches-to-buy-hold-and-sell-in-a-cooling-after-market\/","title":{"rendered":"Which watches to buy, hold and sell in a cooling after market"},"content":{"rendered":"
The overheated secondary market for new and used watches peaked in the first quarter of this year and has been declining sharply since.<\/strong><\/p>\n That does not mean unicorn watches from the likes of Rolex, Patek Philippe, Omega and Audemars Piguet can now be bought at discounts to their retail prices at authorized dealers, but corrections of up to 50% off peaks have created dramatically different trading conditions for collectors and investors.<\/p>\n One man with a keen interest in how to make money in a cooling market is\u00a0Danny Shahid, whose DWL<\/a> boutique for after market watches in London is a place where collectors can come for advice as the watch market shows early signs of losing momentum.<\/p>\n WATCHPRO asked him what watches he would buy, hold and sell in the current climate.<\/p>\n In a cooling market, the obvious risk is that an asset’s value will fall in the short term. Therefore, buying a watch in a cooling market requires long-term bullishness.<\/p>\n It\u2019s recommended to buy a watch that you think will see a price gain over a lengthy period, such as the stainless steel Rolex Submariner or GMT-Master II.<\/p>\nWatches to buy<\/strong><\/h2>\n