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Prices paid for the holy trinity of Swiss watches — Rolex, Patek Philippe, and Audemars Piguet — fell 4.9%, 6.5%, and 7.4%, respectively. This follows a rough 2023 when Rolex prices fell 8.2% .
The first watch, by Audemars Piguet, is estimated to be worth between $400,000 and $800,000. Brady is auctioning a custom Audemars Piguet Royal Oak Flying Tourbillon watch. Courtesy of Sotheby's
Audemars Piguet Royal Oak “Jumbo” Extra-Thin Only Watch Ref. 15202XT 2021 Wrist 3.399 3.82 11/06/2021 Geneva Christie's [82] 45 Breguet Breguet & Fils, No. 217 1800 Pocket 4.616 05/16/2016 Geneva Christie's [83] [84] 46 Patek Philippe Pink Ref. 1518 1947 Wrist 3.330 3.47 08/05/2022 Geneva: Phillips [85] 47 Patek Philippe Stainless Steel Ref ...
Audemars Piguet Holding SA (French pronunciation: [odmaʁ piɡɛ]) is a Swiss manufacturer of luxury watches, headquartered in Le Brassus, Switzerland. [ 2 ] [ 3 ] The company was founded by Jules Louis Audemars and Edward Auguste Piguet in the Vallée de Joux in 1875, acquiring the name Audemars Piguet & Cie in 1881.
The Financial Times has stated that the market is now over a billion dollars for grey market Swiss watches such as Rolex, Breitling, IWC, Cartier, Patek Philippe, Audemars Piguet, Breguet and Bulgari. [27] [28] Barron's has that fine Swiss watches may be available for up to 40% lower prices from the grey market.
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