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The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices paid for gray market watches, making flipping watches less profitable. Second,. So what’s behind the trend of used Rolex prices finally coming down to Earth? .
The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices paid for gray market watches, making flipping watches less profitable. Second,. So what’s behind the trend of used Rolex prices finally coming down to Earth? The report posits that it’s largely driven by an increase in the supply of available new watches at Rolex boutiques and authorized dealers.
The Rolex Market Index, which tracks the 30 most valuable models, is down 8% from a year ago, while the Patek Philippe index lost 16%. Audemars Piguet saw the sharpest losses, down 19% year. According to the index, the Rolex Submariner with green bezel (the “Kermit”) was the biggest loser, down 4.6% for the month.
Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax. A midmarket slowdown might make WoS’s problems sound like another simple story of luxury-consumer caution. That’s until you factor in that Rolex provides 55 to 60 per cent of WoS’s sales.
Secondary market prices for timepieces by Rolex, Patek Philippe, and Audemars Piguet will continue to decline as supply remains relatively high, according to Bloomberg. That said, a number of the.
Even the discontinued Milgauss 116400GV is down four percent in that time. Daytonas and discontinued models going down is a clear sign of the buyer’s market. An index of Rolex timepieces declined by 2.2% in September, according to market prices tracked by the Bloomberg Subdial Watch Index. An index of 100 entry-level watches, typically priced below. Morgan Stanley is reporting a quarter-on-quarter price fall — from Q4 of 2023 to Q1 of 2024 — of just 1.1% for Rolex and 1.4% for Patek Philippe. Audemars Piguet prices actually ticked up by 0.1%, according to data compiled by WatchCharts and Morgan Stanley Research. The bank said declining gray market supply was due to rising retail prices for Rolex watches and falling prices paid for gray market watches, making flipping watches less profitable. Second,.
So what’s behind the trend of used Rolex prices finally coming down to Earth? The report posits that it’s largely driven by an increase in the supply of available new watches at Rolex boutiques and authorized dealers.
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why are rolex watches down
The Rolex Market Index, which tracks the 30 most valuable models, is down 8% from a year ago, while the Patek Philippe index lost 16%. Audemars Piguet saw the sharpest losses, down 19% year. According to the index, the Rolex Submariner with green bezel (the “Kermit”) was the biggest loser, down 4.6% for the month.
Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax. A midmarket slowdown might make WoS’s problems sound like another simple story of luxury-consumer caution. That’s until you factor in that Rolex provides 55 to 60 per cent of WoS’s sales. Secondary market prices for timepieces by Rolex, Patek Philippe, and Audemars Piguet will continue to decline as supply remains relatively high, according to Bloomberg. That said, a number of the.
Even the discontinued Milgauss 116400GV is down four percent in that time. Daytonas and discontinued models going down is a clear sign of the buyer’s market.
An index of Rolex timepieces declined by 2.2% in September, according to market prices tracked by the Bloomberg Subdial Watch Index. An index of 100 entry-level watches, typically priced below.
why are rolex prices going down
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