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Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax.
The great Rolex recession is here: How the Fed crushed the luxury-watch boom. The secondary market for luxury watches has sunk to its lowest level in over two years. The . A slowing economy, higher interest rates, and the crash in cryptocurrencies all factor into the slump, according to data by pre-owned . Today’s warning adds considerable doubt to that conclusion, says Peel Hunt analyst Jonathan Pritchard: It’s impossible not to wonder if the . Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax.
The great Rolex recession is here: How the Fed crushed the luxury-watch boom. The secondary market for luxury watches has sunk to its lowest level in over two years. The WatchCharts market index. A slowing economy, higher interest rates, and the crash in cryptocurrencies all factor into the slump, according to data by pre-owned watch dealer Subdial.
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Today’s warning adds considerable doubt to that conclusion, says Peel Hunt analyst Jonathan Pritchard: It’s impossible not to wonder if the relationship with Rolex is in decline already: both . According to the index, the Rolex Submariner with green bezel (the “Kermit”) was the biggest loser, down 4.6% for the month. The yellow gold Rolex Day Date was one of the few gainers, up an . 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.
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. Prices for previously owned Rolex, Patek Philippe and Audemars Piguet watches will keep falling as supply remains high, according to analysts at Morgan Stanley and market research platform . A sudden crypto crash this year poured cold water over the hot secondary watch market, and the flippers and speculators no longer clamoured for Rolex. This came as a relief for CD Peacock’s . An index for Rolex resale prices at WatchCharts, a consultancy, fell 1.84% in early September from the prior month, a slower pace of decline following a summer slump of at least twice that rate.
Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax.
The great Rolex recession is here: How the Fed crushed the luxury-watch boom. The secondary market for luxury watches has sunk to its lowest level in over two years. The WatchCharts market index. A slowing economy, higher interest rates, and the crash in cryptocurrencies all factor into the slump, according to data by pre-owned watch dealer Subdial. Today’s warning adds considerable doubt to that conclusion, says Peel Hunt analyst Jonathan Pritchard: It’s impossible not to wonder if the relationship with Rolex is in decline already: both . According to the index, the Rolex Submariner with green bezel (the “Kermit”) was the biggest loser, down 4.6% for the month. The yellow gold Rolex Day Date was one of the few gainers, up an .
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. 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.
Prices for previously owned Rolex, Patek Philippe and Audemars Piguet watches will keep falling as supply remains high, according to analysts at Morgan Stanley and market research platform . A sudden crypto crash this year poured cold water over the hot secondary watch market, and the flippers and speculators no longer clamoured for Rolex. This came as a relief for CD Peacock’s .
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