High-end timepieces are an attractive alternative investment , but soaring prices in recent years have seen collectors turn to the pre-owned market
LIFESTYLE | WATCHES
TIME TO INVEST IN PRE-OWNED WATCHES
High-end timepieces are an attractive alternative investment , 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 brand new vehicles – fuelled by a lack of supply and long waiting lists caused by supply chain disruptions .
142 November 2023