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Falling Luxury Watch Prices: Time To Buy?

Demand for luxury watches soared during the pandemic as consumers flush with cash clamored to buy brand-name timepieces. Now, prices are falling.

Switzerland , China , Japan , United-kingdom , British , Swiss , Patek-philippe , Naoya-hida , Audemars-piguet , Richard-mille , Federation-of-the-swiss-watch-industry , Morgan-stanley

inflation: View: Puppies and Rolexes have had it tough since Covid

The prices for pets have been rising amid high inflation. The demand for pets like cats, dogs and rabbits witnessed a surge during Covid. However, with restrictions easing post pandemic, lockdown loneliness eased. This, in turn, resulted in slumping of prices. The trajectory has mirrored the boom and bust in the value of second-hand timepieces, as stock market and cryptocurrency gyrations, as well as higher interest rates, took their toll on those who had speculated on pricey Rolex watches.

United-kingdom , Battersea , Wandsworth , Britain , Kitty-bloomberg , Patek-philippe , Audemars-piguet , Bloomberg , Rolex , Britain-pets-at-home-group-plc , Us-chewy-inc , Morgan-stanley