Business News: Rolex Gains Pace As Secondary Watch Market Price Declines To Slowest Since 2022
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On the secondary watch market, the ”flight to high quality throughout unstable occasions might end in shoppers selecting ‘safer’ investments, favoring manufacturers similar to Rolex, Cartier, Audemars Piguet, and Patek Philippe, which usually tend to maintain their worth,” in accordance with the report.
On the similar time, the report mentioned that as used watch consumers grow to be extra conscious of residual values of mid-size gamers that resell at common reductions of -30% to -40% in comparison with retail costs, manufacturers similar to IWC or A. Lange & Söhne might have the potential to carry out higher on the secondary market.
Information compiled by WatchCharts additionally signifies that the supply of fashions from the highest manufacturers at retail is enhancing. About 53% of present Rolex fashions in manufacturing and tracked by WatchCharts commerce above retail on the secondary market. That compares to about 68% a yr in the past.
