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From the Submariner to the GMT Master II to the Daytona, Rolex watches are looking more reasonable every month.
Prices for modern Rolex models on secondary channels skyrocketed over the past eight mo.Secondary market prices for timepieces by Rolex, Patek Philippe, and Audemars Piguet will .
A new report from Morgan Stanley shows that Rolex prices are starting to fall fast on the secondary market. Here's what that means.
From the Submariner to the GMT Master II to the Daytona, Rolex watches are looking more reasonable every month. A new report from Morgan Stanley shows that Rolex prices are starting to fall fast on the secondary market. Here's what that means. 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 through. Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax.
The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices paid for gray market watches, making flipping watches less profitable. Those in the ,001 to 0,000 price bracket slumped over 10% in the past 12 months, while the ,001 to ,000 group fell about 7%, according to WatchCharts data.
Despite falling prices in the secondhand market, there is still volume in terms of transactions, meaning watches are being bought and sold at the same clip — just with declining prices.
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Last year, our Watch Day event delivered discounts of up to ,000 (£3,887) on brands like Rolex, Patek Philippe, Audemars Piguet, and Cartier, which led to an impressive 82.5 per cent sales . 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. Prices for the most sought-after luxury watches slipped on the secondary market again last month, extending a two-year decline as investors turn elsewhere after a pandemic-era rally fizzled. The.
From the Submariner to the GMT Master II to the Daytona, Rolex watches are looking more reasonable every month. A new report from Morgan Stanley shows that Rolex prices are starting to fall fast on the secondary market. Here's what that means. 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 through.
Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax. The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices paid for gray market watches, making flipping watches less profitable.
Those in the ,001 to 0,000 price bracket slumped over 10% in the past 12 months, while the ,001 to ,000 group fell about 7%, according to WatchCharts data.
Despite falling prices in the secondhand market, there is still volume in terms of transactions, meaning watches are being bought and sold at the same clip — just with declining prices. Last year, our Watch Day event delivered discounts of up to ,000 (£3,887) on brands like Rolex, Patek Philippe, Audemars Piguet, and Cartier, which led to an impressive 82.5 per cent sales . 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.
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