Rolex prices have dropped nearly 40% from their peak

This is even worse than the decline in core residential real estate in China
With the rise in gold prices and capital overflow, prices have barely rebounded
What laypeople view as hard currency and financial instruments actually have huge volatility
The worst hit are those who impulsively bought the Submariner in green during the 2022 Spring Festival after watching short videos
Basically locked in at the peak for the long term