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Rolex and Patek prices keep falling as Cartier shines


Prices for the most popular higher-end watches from Rolex and Patek Philippe kept falling over the past month, even as mid-tier timepieces from brands like Cartier outperformed.


The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded watches on the secondary market by value, declined by 1.1 percent in a month.


After an unprecedented surge during the pandemic, prices for the most hyped pre-owned models from Rolex, Patek and Audemars Piguet began dropping sharply in March 2022 due to higher interest rates, slowing economies and the crash in cryptocurrency values.


The index, which gives insight into demand for the most popular luxury used watches, has fallen about 14 percent in a year..


Source: BLOOMBERG



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