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Crypto Bros Are No Longer Selling Luxury Watches, and the Market Is Showing It

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Crypto bros are no longer buying and reselling luxury watches such as Rolexes and Patek Philippes, like they were during the early pandemic.

These Self-Driving EV Taxis Could Soon Be Hitting the Roads in JapanIn the last quarter, several of the leading watch companies saw their sales plummet. Part of that is because those whoover the past couple of years are now using that money for other expenses like travel. But part is also due to speculators like crypto bros no longer banking onthat crypto bros diversified their portfolios by buying up and then selling high-end timepieces.

Since the pandemic began, the watch market has been on a roller-coaster ride. And while crypto bros may be pulling out of the secondary market, it leaves space for other watch collectors to move in, perhaps at a better price than a few years ago.Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter.

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