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Is the Used Watch Market cooling down?



Prices of used watches fell 1.84% in early September compared to August. Figures are provided by consulting firm WatchCharts. This decline is slower than last summer slump.

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Prices of used watches fell 1.84% in early September compared to August. Figures are provided by consulting firm WatchCharts. This decline is slower than last summer slump.

There are many signs that the used watch market is cooling down as used watches from Rolex, Patek Philippe brand continue to drop.

Is the Used Watch Market cooling down?

The luxury watch market get excited this year, especially the secondary market.  In the market, the price level of watch models fluctuates.  After reaching the highest level in March and April, the prices of popular watches fell.

In March, according to WatchCharts, the price of Rolex watches increased by 35% compared to the same month of the previous year.  However, the price level fell by 5.9% in June and 3.5% in July. By August, the decrease reached 5.1%.

The decline of the stock market and virtual currency affects the price of watches.

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Is the Used Watch Market cooling down?

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