Omega used watch prices decline 1% amid rising lending costs, inflation, and economic shifts.
Omega, despite its prominent role as the official timekeeper for the Paris Olympics, has seen a nearly 1% decline in the prices of its used watches over the past month. In contrast, pre-owned watches from competitors like Rolex and Patek Philippe have increased in value. This trend follows a period of heightened luxury watch demand, now affected by rising lending costs, inflation, and shifting consumer spending habits amidst a cooling global economy.
September 13, 2024
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