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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.
Luxury watch prices are moderating on the secondary market, ... A second hand Rolex Oyster Perpetual Submariner Date watch is displayed for sale on January 08, 2024 in Leigh-on-Sea, United Kingdom ...
The market for new high-end luxury watches is still strong despite big drops in luxury watch prices on the secondary market. New Rolex, luxury watch demand soars as pre-owned market keeps slipping ...
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]
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.
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.
If you are in the market for a luxury Swiss watch now might be your best time to buy — just in time for the holidays. Subdial, a watch industry data provider, reported that its Bloomberg Subdial ...
This sends the wrong message and is dangerous,” Rolex’s Jean-Frédéric Dufour said. Secondhand watch prices have tanked—but luxury watches weren’t meant to be investments anyway, Rolex ...
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