luxury watch market: As luxury watches become dearer and harder to lay one's hands on, the second-hand market is on a roll
There has been a sharp increase in the prices of both new and used luxury watches. However, that has been far steeper for pre-owned watches as several, fast-moving, first-hand models of top brands such as Rolex, Patek Philippe, Cartier, Omega and Audemars Piguet as well as of independent watchmakers like FP Journe and Daniel Roth are in short supply. A supply-demand mismatch and a reliable pre-owned market have driven up prices and the current inflationary pressure will push the rates up further, say luxury watch sellers.
Source: indiatimes.com