Welcome to the penultimate episode of Fratello Talks in 2023. Before wrapping up the year, we thought we'd do a little bit of housekeeping. So today, your host, Nacho, and his guests, RJ and Lex, are here to bring you a watch market update. Before settling into the holidays, it's good to look back at the year we'll soon be leaving behind. And one thing that really caught our eye is the current shift in the state of the watch market. New watches' prices have grown like never before, playing catch-up with the over-inflated pre-owned market. Now, as the latter softens, we reach a tipping point. There will be winners, and there will be losers.