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You could be paying more for a new Rolex watch at an authorized dealer — if you can find one in stock, Meanwhile, used Rolex prices fell across the globe, continuing a trend that began in 2022.
July 20, 2024 at 11:19 AM. ... 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 ...
A Patek Philippe pocket watch. This list of most expensive watches sold at auction documents the watches sold at auction worldwide for at least 1.5 million US dollars.The final price listed is the total price paid by the buyer converted to US dollars, according to the currency exchange rate at the time of auction.
Watches of Switzerland reported revenue jumped 19% to $2.02 billion for the fiscal year ending April 30, matching street estimates, with adjusted EBITDA climbing 24% to $263.6 million. "FY23 was ...
By 2017 grey market sales of luxury watches were "upending the global watch industry," according to Barron's; exports of new watches from Switzerland fell 10% in 2016 and there was a glut of inventory of new watches, driving prices down. [10]
Under his management, Antiquorum sold Mahatma Gandhi's pocket watch for just under $2.1 million, [7] Steve McQueen's Rolex Submariner for $234,000 (more than 20 times its estimate), setting a new world record for its reference, [8] [9] and Albert Einstein's Longines wristwatch for $596,000 (over 2000 percent of its estimate).
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