Trending...
- Show Your Love to Mesa by Volunteering to Plant Trees
- Mesa: New Airfield Driver Training Program Kicks Off at Falcon Field Airport
- Governor Katie Hobbs and Representative Nancy Gutierrez Release Statements on Bill to Protect Services for Arizonans with Developmental Disabilities
After a wild few years, the fine watch market is on a knife edge. Is it time to buy, sell, or hold?
Arizonar -- The secondary market for luxury watches is worth $25 billion. Analysts say it will outstrip the primary market by 2032. However, the WatchCharts Overall Index is down almost 40% since its March 2022 peak.
While losses may have slowed in recent months, last year has been challenging for collectors. Here's the 12-month data on the average prices for top 5 brands.
● Rolex: $26,178 - down 8%
● Patek Philippe: $144,922 - down 14%
● Audemars Piguet: $68,092 - down 16%
● Omega: $8,939 - down 2.6%
● Cartier: $9,102 - up 1%
So, if you're holding one of these luxury watches, what is your best move for 2024?
Buy, sell, or hold?
The market has been in decline for two years. But there are signs things are changing. In the last three months, the overall market is down almost 1%; February saw a slight uptick of 0.1%.
With the market in a precarious state, you've got three options:
Buy: Has the market reached the bottom? Are luxury watches available at a 40% discount?
More on The Arizonar
Sell: Is there more pain to come in 2024? Is it time to cut your losses and exit the market?
Hold: The market has stabilised, but should I hold on to achieve better margins?
Listen to market experts, and you can find support for each option — things are really unpredictable now.
Another thing to consider is that only specific models are selling below retail. Right now, 68% percent of Rolex, 66% of Audemars Piguet, and 48% of Patek Phillippe models appreciate in price, even in the face of overall trends.
Of course, having access to watch market data isn't enough in this choppy market. YYou need a deeper understanding of the factors that will determine prices in 2024 if you want watches to make you money this year. Our Luxury Watch Market Report is here to help.
What's in the report?
More on The Arizonar
The future prices of luxury watches are inextricably tied to a confluence of events and players, such as interest rates, the cryptocurrency market, China, and changing demographics in the watch collecting space, to name a few.
Our luxury market report explores some of the big topics for 2024:
● Bitcoin is up 160% YoY — are the "crypto rich" returning to watches?
● What does China's 4% GDP growth mean for the market?
● Singapore's Swiss watch imports are up by 10% — will they become a bigger force in 2024?
● How will the primary market's improved supply affect the secondary market?
Read our report for optimal investment decisions before it's too late.
New Bond Street Pawnbrokers is a multi-award-winning watch broker that has been lending against luxury watches for 30 years. We provide the peerless service, discretion, professionalism, and fair terms that you deserve when you need to pawn your watch or other luxury items.
While losses may have slowed in recent months, last year has been challenging for collectors. Here's the 12-month data on the average prices for top 5 brands.
● Rolex: $26,178 - down 8%
● Patek Philippe: $144,922 - down 14%
● Audemars Piguet: $68,092 - down 16%
● Omega: $8,939 - down 2.6%
● Cartier: $9,102 - up 1%
So, if you're holding one of these luxury watches, what is your best move for 2024?
Buy, sell, or hold?
The market has been in decline for two years. But there are signs things are changing. In the last three months, the overall market is down almost 1%; February saw a slight uptick of 0.1%.
With the market in a precarious state, you've got three options:
Buy: Has the market reached the bottom? Are luxury watches available at a 40% discount?
More on The Arizonar
- INDEPENDENT PRESS AWARD® announces the 2025 winners
- Evolution of an Outdoor Essential
- DAY Miner: Using AI to transform cryptocurrency mining, boost revenue by 30%
- Jazz Legend Bob Holz Nomination-New Album Honoring Larry Coryell
- Aterna AI Introduces Automated Investing Software for Entrepreneurs Focused on Reliable Growth
Sell: Is there more pain to come in 2024? Is it time to cut your losses and exit the market?
Hold: The market has stabilised, but should I hold on to achieve better margins?
Listen to market experts, and you can find support for each option — things are really unpredictable now.
Another thing to consider is that only specific models are selling below retail. Right now, 68% percent of Rolex, 66% of Audemars Piguet, and 48% of Patek Phillippe models appreciate in price, even in the face of overall trends.
Of course, having access to watch market data isn't enough in this choppy market. YYou need a deeper understanding of the factors that will determine prices in 2024 if you want watches to make you money this year. Our Luxury Watch Market Report is here to help.
What's in the report?
More on The Arizonar
- Rutgers University Student Wins "New Jersey's Top Student Entrepreneur" in EO's Global Student Entrepreneur Awards
- Governor Katie Hobbs Launches Arizona Space Commission and Announces Appointments
- Global Digital Currency & Wealth Management Leader; Breakout 388% FY2025 Revenue Growth Over $19.7 Million: Metalpha Technology (Stock Symbol: MATH)
- InterMountain Opens Urban Inspired Aloft Sacramento Airport Natomas
- Cura HR's CEO, Lyssa Hansard, Featured in Forbes: Driving Meaningful Change in Pay Equity
The future prices of luxury watches are inextricably tied to a confluence of events and players, such as interest rates, the cryptocurrency market, China, and changing demographics in the watch collecting space, to name a few.
Our luxury market report explores some of the big topics for 2024:
● Bitcoin is up 160% YoY — are the "crypto rich" returning to watches?
● What does China's 4% GDP growth mean for the market?
● Singapore's Swiss watch imports are up by 10% — will they become a bigger force in 2024?
● How will the primary market's improved supply affect the secondary market?
Read our report for optimal investment decisions before it's too late.
New Bond Street Pawnbrokers is a multi-award-winning watch broker that has been lending against luxury watches for 30 years. We provide the peerless service, discretion, professionalism, and fair terms that you deserve when you need to pawn your watch or other luxury items.
Source: New Bond Street Pawnbrokers
0 Comments
Latest on The Arizonar
- Governor Katie Hobbs and Representative Nancy Gutierrez Release Statements on Bill to Protect Services for Arizonans with Developmental Disabilities
- Embrace the Nostalgia: Live Acoustic Emo Night Returns This Friday in Phoenix
- RE1 Advisor Expands Services to Texas
- Uhland Pop Shop Launches February 11, 2025, Bringing Local Pride to Uhland, TX
- Partnerships to Launch Digital Entertainment Hub in China; $40 Million Investment into Global MOBA Digital Game Arena: NIP Group (Stock Symbol: NIPG)
- Sip Social Co. Brings Refreshing Energy to the Miami Marathon Finish Festival with FP Movement
- Igniting Souls® and EOS Worldwide® Launch EOS Impact™: The Exclusive Publishing Collaboration for 850+ EOS Implementers
- Ceramic Liberty Unveils CL8Y: A Revolutionary Deflationary Memecoin Set to Redefine DeFi
- International Women's Day Gala to Celebrate Women's Achievements and Support Fire Survivors
- Sidow Sobrino Unleashes Bite After Bite, a Captivating Music Video & Song from His 12th Studio Album, Seminal
- Unstoppable Women: Women's Orchestra of Arizona's Scottsdale Concert Inspires with Powerful Works
- Show Your Love to Mesa by Volunteering to Plant Trees
- Mesa Launches Youth Climate Action Fund Second Round
- New Jersey Sober Living Opens New Luxury Themed Facility in South New Jersey
- Hawaii Bill Marks Progress in Protecting Patients From Dangerous Restraint Practices
- All me - secure anonymous social - kickstarter crowdfunding
- HomeFortis Launches Target Hardening Guides for Home Security
- Enterprise Solved LLC Experiences Surge in Demand Amid Healthcare Regulatory and Funding Uncertainty
- Retired Leadership Facilitator Shares Decades of Wisdom in New Book
- I belong (t)here, an exhibition that explores the fluidity of identity and the search for belonging in a world that is constantly shifting