Used luxury watch prices stabilize with a 0.1% increase in September, led by Patek Philippe's 0.9% rise.
Prices for used luxury watches have stabilized after a two-and-a-half-year decline, with September showing a modest overall increase of 0.1% in the Bloomberg Subdial Watch Index. Patek Philippe led the rise, with prices up 0.9%, particularly the Nautilus 5711 model, which gained 2%. In contrast, brands like Rolex and Audemars Piguet saw flat or declining prices. The market shift follows the recent US Federal Reserve rate cut, indicating increased demand for high-quality timepieces.
October 09, 2024
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