The $6.5 mn watch now sells for $200,000: JWC founder Gaurav Mehta

Gaurav Mehta, founder of Jaipur Watch Company, said on the podcast that a Tiffany-blue Patek Philippe flipped at $6.5 million after its 2021 launch would fetch only $100,000-200,000 today. The market is dynamic, volatile and unpredictable; prices of even iconic models have fallen, leaving late entrants with losses.