I see signs of the market softening for new and/or high end stuff but prices at the Birmingham watch fair yesterday still seemed strong.

Vintage market looks to have plateaued in the last couple of years but not crashed by any means.

I think there's a lot of talk of bubbles bursting etc but it's more what call flat, with a long overdue correction on the inflation of recent years in certain sectors (e.g. the grey market Rolexes)

Flippers and scalpers might get burned; tant pis. The rest of us, not so much. That's my reading of the current situation. I am probably wrong.