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The WatchCharts Overall Market Index — which tracks the prices of 60 . The analysis found the number of Rolex watches in the gray market has been . The WatchCharts Overall Market Index — which tracks the prices of 60 timepieces from top brands including Rolex, Patek Philippe, and Audemars Piguet — has plunged 37% from a March 2022 peak. The analysis found the number of Rolex watches in the gray market has been falling. The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices.
Rolex and Patek Prices Fall to a Near Two-Year Low on the Secondary Market. The crash of cryptocurrencies haven't helped the pre-owned watch market. Published on June 29, 2023. By Demetrius. Swiss watch exports, manufactured by industry titans like Rolex, Patek Philippe, and Audemars Piguet, which account for two-thirds of all transactional values, plunged 16.1% year-on-year. Declines are across the board though the big brands — Rolex, Patek Philippe and Audemars Piguet account for about two-thirds of the market by transaction value — are bearing the brunt. Here’s Why Dealers and Watch Experts Aren’t Panicking. Values had grown by as much as 35 percent. Now they’re seeing “a normal little correction,” according to one top seller.
Resale prices of pre-owned collectible watches are declining, dealers say, even as the primary market remains hot. Secondary market prices for timepieces by Rolex, Patek Philippe, and Audemars Piguet will continue to decline as supply remains relatively high, according to Bloomberg. That said, a number of. The secondary market for luxury watches has sunk to its lowest level in over two years. The WatchCharts market index and has slumped 37% from a record high in March last year. Elevated.
For years now, the narrative around buying a Rolex watch has gone something like this: They’re impossible to buy new from an authorized dealer and their prices are massively inflated on the secondary market. But that may be changing. The WatchCharts Overall Market Index — which tracks the prices of 60 timepieces from top brands including Rolex, Patek Philippe, and Audemars Piguet — has plunged 37% from a March 2022 peak. The analysis found the number of Rolex watches in the gray market has been falling. The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices.
Rolex and Patek Prices Fall to a Near Two-Year Low on the Secondary Market. The crash of cryptocurrencies haven't helped the pre-owned watch market. Published on June 29, 2023. By Demetrius. Swiss watch exports, manufactured by industry titans like Rolex, Patek Philippe, and Audemars Piguet, which account for two-thirds of all transactional values, plunged 16.1% year-on-year. Declines are across the board though the big brands — Rolex, Patek Philippe and Audemars Piguet account for about two-thirds of the market by transaction value — are bearing the brunt. Here’s Why Dealers and Watch Experts Aren’t Panicking. Values had grown by as much as 35 percent. Now they’re seeing “a normal little correction,” according to one top seller.
why are rolex watches down
Resale prices of pre-owned collectible watches are declining, dealers say, even as the primary market remains hot. Secondary market prices for timepieces by Rolex, Patek Philippe, and Audemars Piguet will continue to decline as supply remains relatively high, according to Bloomberg. That said, a number of. The secondary market for luxury watches has sunk to its lowest level in over two years. The WatchCharts market index and has slumped 37% from a record high in March last year. Elevated.
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