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I think it will get worse before it gets better because of the property recession in China, which is causing lots of Chinese to pile into watches. I linked to this article upthread https://www.ft.com/content/a9a34f94-9a49-4938-ae9e-ec4e6d2f4838 I can paste the whole thing for those who don't use the iamadam extension for bypassing paywalls
I hope the grey dealers who are stockpiling get burned. (instagram sellers with 40 subs)