I think luxury goods and collectibles are a good indicator of what's to come. In a pinch, people are gonna sell off non-necessities first to pay bills. Of course these were also already way overvalued from 2021 craziness.

I can't believe people pay >$250,000 for a watch 😂

Full article:

https://www.zerohedge.com/markets/luxury-bust-worsens-rolex-patek-prices-hit-two-year-lows