The Secondary Market for Luxury Watches Has Outpaced the Stock Market Since 2018

  • 📰 RobbReport
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The numbers don't lie—the secondary watch market is rising. Are watches the new way to grow your wealth? 🤔

There are a few factors that have informed this growth. For one, these watches are simply in shorter supply after, Patek Philippe, Tag Heuer, Audemars Piguet, Hublot, and other watchmakers temporarily shut down or slowed production amid the pandemic. The report also pointed out that there’s an influx of new, younger buyers who are less “personally attached” to their watches. These new collectors, trading in their models when they see a good opportunity.

A rare Audemars Piguet stainless steel and 14k pink gold full calendar chronograph wristwatch at the auction house Christie’sThe younger generations’ interest—both Millennials and Gen Z—in alternative investment strategies is not new, but

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 309. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Trades mixed to higher as the market digests US CPIThe Asian equity complexes are trading mix in the late hours of the Asian trading session. The ChinaA50 is down about 0.38% and HK50 is down about 0.
Source: FXStreetNews - 🏆 14. / 72 Read more »