The whole thing would make a great uni economics case study.
How can a 2nd hand A. Lange, costing almost double when new, be worth less than a steel 2nd hand Rolex?
Because everyone else in the market believes it will be? It's almost like gold... or a form of currency.
@hugo7 started
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The whole thing would make a great uni economics case study.
How can a 2nd hand A. Lange, costing almost double when new, be worth less than a steel 2nd hand Rolex?
Because everyone else in the market believes it will be? It's almost like gold... or a form of currency.