Secondhand Luxury Watch Prices Slump to Near Two-Year Low After a Pandemic Run
August 7, 2023
CNBC
Secondhand luxury watch prices have dropped to a near two-year low, falling more than 31% since their peak in March 2022. Brands like Rolex, Patek Philippe, and Audemars Piguet experienced significant declines in the last year, but prices are still higher than they were three years ago. While experts have warned about a luxury watch bubble, the recent stabilization in prices may present a buying opportunity for younger generations, as millennials and Gen Z show an increasing appetite for luxury watches and status symbols.
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