The Bloomberg Subdial Watch Index, which tracks prices for the 50 most-traded watches by value on the secondary market, bottomed in late January and has since been rising in a “V-shaped” fashion, rebounding from a low of $31,535 to $34,001 as of last Thursday, or about a 7.8% increase from the trough.
Used Rolex prices also bottomed out in late January at around $10,964 and have since climbed to $11,882 – a jump of about 17.2% from the trough.
Used Patek prices bottomed around $88,379 and have since risen to $95,829 – or about 8.4%.
Critical research for broader watch industry:
Fun reads:
Rolex prices on the secondary market appear to have finally bottomed.
Loading recommendations…
