Dealers are selling more watches than ever—but say super-rare, six-figure models are not as hot as they used to be
Resale prices of pre-owned collectible watches are declining, dealers say, even as the primary market remains hot
From the Archives: Expensive materials, delicate craftsmanship, and an economic principle that turns the usual equation of supply and demand on its head. WSJ explains why some watchmakers can charge hundreds of thousands of dollars for a single timepiece. Illustration: Alex Kuzoian/WSJThe watch resale market, where prices for hyped timepieces skyrocketed to record figures in recent years, is floating back down to earth.
According to sales data from Chrono24, a watch resale marketplace, a stainless steel Patek Philippe Nautilus 5711 that sold for more than $194,000 in January is now trading closer to $145,000. Sales of the steel Rolex Daytona 116500LN with a white dial on the platform have slumped by more than $12,000 from a peak of over $52,000 in May. And the steel Audemars Piguet Royal Oak with a white dial is down by nearly $20,000 from its March peak of around $75,000.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
2 sought in armed Rolex robbery in San LeandroTwo suspects are being sought after a man was robbed at gunpoint of his Rolex watch in San Leandro on Tuesday afternoon.
Weiterlesen »
Crypto Bros Are Trying to Ditch Their Rolex WatchesThe secondhand market for luxury watches has reportedly been flooded in the last few months as a result of the crypto collapse
Weiterlesen »
Porsche Boxster RS60 Spyder for saleThe RS60 is less extreme than the later Boxster Spyder, but it's also less expensive...
Weiterlesen »
J-Hope’s Historic Lollapalooza Debut Unveiled His Full Self.BTS_twt's JHOPE just made history as the first Korean artist to headline lollapalooza, and we caught up with him about his larger-than-life performance
Weiterlesen »
'Take the Lead' helps prepare retired race horses for their second careersJust like every other athlete, every race horse must someday retire, but what happens after their racing days are done? The 'Take the Lead' retirement program (TAKE2Tbreds) is the focus of this week's Snapshot New York with OvermyerTV.
Weiterlesen »
2 sought in armed Rolex robbery in San LeandroTwo suspects are being sought after a man was robbed at gunpoint of his Rolex watch in San Leandro on Tuesday afternoon.
Weiterlesen »