Duffy notes that the luxury watch market is"in very good shape.""You can never produce enough watches," he says, as demand continuously outpaces supply. Specifically in the US, Duffy observes that the market is underdeveloped, with sales per capita lagging behind other countries. However, he highlights that the US market has"far exceeded" his expectations since the company tapped into it.
It's doubled and there's a lesser level of affluence and so on, but it literally is double and we look back in the market Looked at the history The US market really suffered from 2010, uh, and never quite recovered. But wonderful brand and clearly the cornerstone of our of our of our business and our group, uh, CPO has been fantastic.So CPO is Rolex now, Um uh, certifying and authenticating second hand products and only doing that for authorised retail.
It's something that you you show off with pride about your accomplishments in life or whatever it might be.
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Secondhand Rolex sales surge in 'underdeveloped' US marketLuxury watch prices are moderating on the secondary market, but retailers like Watches of Switzerland see demand continuing to outpace supply.
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