Okay, so most of the people I’ve spoken to feel that the “Crypto Crash” and the ensuing dip in prices for many of the speculative watches, is actually good for the watch industry. Edouard Meylan, owner and CEO of H. Moser & Cie., said, “It had to happen. Things were getting too crazy. Now, the prices will find a new place of stability, and that is actually healthy for the industry.”
What that means is that many of the most actively traded “hype watches” have dropped anywhere from 20 to 30 percent in value. Yet, at the same time, some watches have been relatively unaffected. A case in point is Richard Mille, whose watches’ secondary market value dipped no more than 10 percent. Why? Well, I’ve long considered a Richard Mille to be not so much of a watch, but a cultural phenomenon and a symbol for modern-day success that transcends its status as a timepiece. To me, it is this unique position that it occupies that has kept it relatively immune to
