Pejman Ghadimi

And there's that one guy that'll drop it and he'll be like, I'll sell mine for five times what I paid for it. And someone will be like, okay, I'll pay it.

And there's that one guy that'll drop it and he'll be like, I'll sell mine for five times what I paid for it. And someone will be like, okay, I'll pay it.

I think I saw that on social.

I think I saw that on social.

Significant. I mean, but remember, in the watch market, there's also this illusion of this heavy illusion of scarcity. So if you go to a Hublot boutique, you'll see they'll say this is one of ten units, but ten units of something nobody wants is still worthless. So it has to be very specific.

Significant. I mean, but remember, in the watch market, there's also this illusion of this heavy illusion of scarcity. So if you go to a Hublot boutique, you'll see they'll say this is one of ten units, but ten units of something nobody wants is still worthless. So it has to be very specific.

Like if you said, hey, I bought this really rare Ferrari everybody wants, and this is the only one that's baby blue, it would bring significant money. But if you said, I bought this Ferrari that nobody cares about, and I decked it out in this beautiful pearl white, and there's only one in the world, it would still depreciate 50% of value.

Like if you said, hey, I bought this really rare Ferrari everybody wants, and this is the only one that's baby blue, it would bring significant money. But if you said, I bought this Ferrari that nobody cares about, and I decked it out in this beautiful pearl white, and there's only one in the world, it would still depreciate 50% of value.

So the argument is if you're buying the goods people want generally, and you're getting the scarcer versions, meaning the versions that are even more exclusive because of the dial, because of the, like maybe the size, the dial, or if it's a car, it could be the options on it, the color, the specifications, then those things will be astronomical like art because cars and watches are an expression of status.

So the argument is if you're buying the goods people want generally, and you're getting the scarcer versions, meaning the versions that are even more exclusive because of the dial, because of the, like maybe the size, the dial, or if it's a car, it could be the options on it, the color, the specifications, then those things will be astronomical like art because cars and watches are an expression of status.

So people want exclusivity. People want to be able to say, I have this and you can't get it. So people come to them and go like, oh, this is beautiful. Like, let's talk about it. So the rarer, the more expensive, as long as people want it.

So people want exclusivity. People want to be able to say, I have this and you can't get it. So people come to them and go like, oh, this is beautiful. Like, let's talk about it. So the rarer, the more expensive, as long as people want it.

So, yes, I mean, you can use safety box boxes. I know L.A. is a little bit difficult when it comes to watches and things because there's a lot of crime and death.

So, yes, I mean, you can use safety box boxes. I know L.A. is a little bit difficult when it comes to watches and things because there's a lot of crime and death.

so i mean first off i wouldn't tell you to walk around with a 300k watch if you didn't know where you were going or there was a risk that you could get robbed but you can do safety deposit boxes and banks when it comes to putting watches away for cars they are safe storage places that are primarily focused on storing uh exotics fine wine art etc and their car condos we call them that are usually available in every city or state or you can even buy like a very cool very cute warehouse

so i mean first off i wouldn't tell you to walk around with a 300k watch if you didn't know where you were going or there was a risk that you could get robbed but you can do safety deposit boxes and banks when it comes to putting watches away for cars they are safe storage places that are primarily focused on storing uh exotics fine wine art etc and their car condos we call them that are usually available in every city or state or you can even buy like a very cool very cute warehouse

and very small warehouse in a good part of town, put a lot of security on it and end up actually tax deducting that in its own right, you know, as a business. But that's a whole story for another time. But the core of it is most major cities where these things are generally used and there's a large enough audience have things like car condos and safety box boxes where you can leverage for that.

and very small warehouse in a good part of town, put a lot of security on it and end up actually tax deducting that in its own right, you know, as a business. But that's a whole story for another time. But the core of it is most major cities where these things are generally used and there's a large enough audience have things like car condos and safety box boxes where you can leverage for that.

So my view on that is you always take the money as long as the it's the replacement cost is less than what the offer you're getting. So whenever I gauge like, should I sell what I have today? Am I going to miss it? Or am I getting maximum money?

So my view on that is you always take the money as long as the it's the replacement cost is less than what the offer you're getting. So whenever I gauge like, should I sell what I have today? Am I going to miss it? Or am I getting maximum money?