I found from one seller that Pateks are completely selling out now. Apparently, in the past only people like me who were watch collectors were buying them. Now, they are seen as investment opportunity and everyone is jumping into them. This was made worse by the 5102 which became worth 325k when its original value is only 192k once it was discontinued in WG. He expected it to become worth at least 500k before stabilizing.
Apparently, Patek does not make too many of the grand complication watches any more. Due to this, they sell off before they hit the store, so it is a supply-demand issue. Some of them quote 92k for this now for the WG. It almost seems to be getting out of hand. Any thoughts on this please?
