News Formal

The Secondhand Luxury Watch Market Is Bigger Than Ever, Here’s Why

  • 📰 Refinery29
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The secondhand luxury watch market is bigger than ever. Fashion writer Frances Solá-Santiago (frances_sola) explains why:

, a U.S.-based consulting firm, the pre-owned luxury watch market was worth $18 billion in 2018; it is poised to grow to $30 billion by 2025.

While there are more people than ever interested in owning a watch, luxury brands — which include the big four: Patek Philippe, Rolex, Audemars Piguet, and Richard Mille — continue to produce limited inventory every year. Elizabeth Layne, chief marketing officer at Rebag, says that due to manufacturing closures amid the pandemic, as well as supply chain issues, watchmakers and brands produced even fewer products last year.

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:

 /  🏆 26. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOsInvesting Club: What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOs
Source: CNBC - 🏆 12. / 72 Read more »