The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded watches on the secondary market by value, declined by 1.1 per cent in a month.
The index, which gives insight into demand for the most popular luxury used watches, has fallen about 14 per cent in a year.
The Rolex Daytona 16520, with a steel tachymeter bezel, was the best performer over 30 days, gaining 0.5 per cent to trade at an average price of US$30,976. But another Daytona, the 116528 in yellow gold, was the worst performer, falling seven per cent in a month to an average value of US$41,841.
Inside Audemars Piguet’s new collaboration with Givenchy’s creative director
Inside Audemars Piguet’s new collaboration with Givenchy’s creative director
Despite falling values, current trading volumes remain elevated and the pace of price declines is slowing, according to Subdial, a UK-based used watch dealer and trading platform.
Even as prices for the big three Swiss brands continue to fall, some lower priced marques are showing signs of strength and stability.
An index compiled by Subdial comprising 25 of the most popular and frequently bought Cartier watches has declined 2.5 per cent since the start of the year, but gained 1.6 per cent in the last month. The performance of the Subdial Cartier Index, with watch prices averaging about £5,000 (US$6,338), compares to a 7.4 per cent drop for the Bloomberg Subdial Watch Index since the start of the year.
Is Tapestry the next LVMH? Coach’s owner has bought Versace’s parent company
Is Tapestry the next LVMH? Coach’s owner has bought Versace’s parent company
By contrast, the watches in the Cartier index are more readily available to buy new in stores and sell for below their retail price on the secondary market, according to Subdial.
Credit: Source link