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rolex crash 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 . Rolex’s apparent caution on 2024 might be because its lead versus rivals has narrowed in a wider market that’s decelerating.
Swiss watch exports, manufactured by industry titans like Rolex, Patek Philippe, and Audemars Piguet, which account for two-thirds of all transactional values, .rolex prices falling Swiss watch exports, manufactured by industry titans like Rolex, Patek Philippe, and Audemars Piguet, which account for two-thirds of all transactional values, . Prices for modern Rolex models on secondary channels skyrocketed over the past eight months. Now that they're softening, dealers say relax. 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.rolex crash rolex prices falling The collapse in cryptocurrencies is easing supply of the most sought after watches on the second-hand market, depressing prices for hard-to get-Patek Philippe and Rolex models. A sudden crypto crash this year poured cold water over the hot secondary watch market, and the flippers and speculators no longer clamoured for Rolex. This came as a relief for CD Peacock’s .
rolex crash 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. Prices of high-end Rolex and Patek Philippe watches hit a new 2-year low as luxury slump spreads beyond LVMH and Gucci . also outperformed the S&P during the 2007–2009 recession and took less .
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