In the secondary watch market, “flights to quality during unstable times can make consumers more likely to choose a ‘safer’ investment and support brands like Rolex, Cartier, Audemars Piguet and Patek Philippe.
At the same time, the report said second hand watch buyers will become more aware of the remaining value of mid-sized players who will be resold at an average discount of -30% to -40% compared to retail prices.
Data compiled by WatchCharts also shows improved availability of models from top Retail brands. Approximately 53% of current Rolex models are in production, tracking Watch Charts trading above retailers in the secondary market. That’s comparable to about 68% of the year ago.
