2nd-hand Rolex and Patek Philippe watch prices stabilize, potentially ending a two-year slump.
2nd-hand Rolex and Patek Philippe watch prices remain stable for two months, hinting at a potential end to the two-year slump. The Bloomberg Subdial Watch Index, tracking 50 most traded luxury watches, shows a 0.1% decline to $33,628. Market values dropped by 42% since April 2022, but stable prices may be supported by lower interest rates, a rebounding Bitcoin market, and new watch releases in April.
March 18, 2024
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