Business Chief ME+AFRICA Magazine December 2023 | Page 130

High-end timepieces are an attractive alternative investment in Asia , but soaring prices in recent years have seen collectors turn to the pre-owned market
LIFESTYLE | WATCHES

PRE-OWNED LUXURY WATCHES WHY NOW IS THE TIME TO INVEST

High-end timepieces are an attractive alternative investment in Asia , but soaring prices in recent years have seen collectors turn to the pre-owned market
WRITTEN BY : KATE BIRCH

It is almost 250 years since Scottish economist and philosopher Adam Smith popularised the theory of market supply and demand .

The world has changed beyond recognition in that time , yet his principle still holds true . However , jolts and disruptions like COVID-19 create quirks , while also proving Smith ’ s theory .
During the pandemic , nearly new , used cars were changing hands for as much as , or even more than , the list price of
130 December 2023