/fa/ - Fashion

>>15701873
>continued consolidation in the high end watch market
>demand side now mostly consists of Rolex, Patek, AP and RM
>supply side is controlled by around 4 big conglomerates
>Extreme value given to brand identity and subjective/designed rarity, far outweighing value given to actual craft and material
>Watches degrade further into only being status symbols with no further interest given than the initial price of acquisition
>little to no chance for independents with interesting ideas to enter the market
>existing brands with technically genius and artistically interesting pieces struggle to survive and have their real market prices drop by 50% or more
>everyone continues to pay double list for steel shitters
The same thing that has happened to high end fashion in general over the past few years.
It used to be all about artisans using high quality materials and making creative pieces, now they make most of their revenue from logo printed shit-tier tshirts and focus mostly on marketing and brand identity, to the detriment of their quality.
Social media and chinese consoomers were a mistake.