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Cartier, Omega, Breitling, Audemars Piguet, and Hublot Watches Lost Value in Secondary Market, Said Chrono24

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Timepieces from Jaeger-LeCoultre experienced the greatest increase in value, up 3.97 percent, in the first quarter of 2024, according to Chrono24.

-LeCoultre experienced the greatest increase in value, up 3.97 percent, in the first quarter of 2024 in the secondary market, said timepiece online marketplace Chrono24 in a recent report, after analyzing sales data drawn from more than 600,000 transactions in the period.

Balazs Ferenczi, head of brand engagement at Chrono24, said it remains to be seen whether there will be an upward trend in the coming weeks.“There are already a few positive signs in this regard, as prices for more than 40 percent of popular models rose in the first quarter of this year. The watch market could also get a further boost if central banks in Europe and the U.S. cut key interest rates,” he added.

Ferenczi noted the platform has recently seen increased demand for luxury watches and prices for watches from four of the 14 brands analyzed by Chrono24 rose in the period.

 

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