Reason Behind Falling Prices Of Rolex
Why Rolex Prices keep Falling
Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better.
An index of Rolex timepieces declined by 2 point 2 percent in September, according to market prices tracked by the Bloomberg Sub dial Watch Index. An index of 100 entry-level watches, typically priced below $9,120, fell by 0.8 percent over the same period.
The results show collectors and enthusiasts are still wary of shelling-out for the most-hyped models from the top Swiss brands after a surge in prices in 2021 and into 2022. Prices for Rolex, Patek and other top pre-owned models soared to records on the secondary market during the pandemic only to pull back sharply beginning in April 2022 amid higher interest rates and the collapse of many cryptocurrencies.
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