A bunch of people started investing heavily into buying watches around the scamdemic when watch prices skyrocketed like crypto. Then the market corrected and a lot of people lost a ton of money.

Some grey market sellers like Anthony Farrer from a popular YT channel called The Timepiece Gentlemen ended up goofing by getting over his head thinking the good times were gonna keep rolling. He's now in jail after being federally charged with wire fraud. The guy got desperate and was basically running a Ponzi scheme where he was selling watches on consignment without telling the owners to fund his lavish lifestyle and keep the business going.

I think the only watches they say that are still good investments are Rolex and Patek Phillipe? Have no idea since I'm not a watchcel.