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world class luxury watches Prices fall, sales plummet, Rolex leads the team in pain f
retreat in a row The world'sxo walletluxury watch brands, led by Rolex, saw prices fall in the wake of crypto and stock market downturns on the effects of the economy, inflation and rising interest rates.
On July 6, 2022, Jewelery Magazine website reported that the volatility in the stock market And the cryptocurrency market has entered a downtrend. including the economy facing inflation and rising interest rates Affects the price of luxury watch brands heavily.
According to a recent report from Idex, the resale value of luxury watches such as the Rolex Daytona and Patek Philippe Nautilus, which previously peaked in crazy prices earlier this year, has been reported by Idex. Because many people use luxury watches as investment tools. But at this moment, everything turned upside down.
Bloomberg used the message to spread the news that “When crypto goes down The first luxury victim was Rolex Daytona” (The crypto meltdown has claimed its first luxury victim: the Rolex Daytona). The watches that used to be the most in demand in the second-hand market The moment the stock market and crypto markets help create a bubble. By this time the bubble had burst.
Demand for watches and other luxury goods has stalled after last year. Stock Markets and Cryptocurrencies Generate Wealth Overflowing then at the beginning of the year Investors therefore invest their money on valuable goods like Rolex. whether new products or in old hands Buyers seek
During the month of Feb. And in March, the three hottest watch brands, the Rolex Daytona, followed by Patek Philippe Nautilus and Audemars Piguet Royal Oak, all have different retail prices.
But recently, these watches have been falling in price. According to Index, the original Rolex Daytona Black Dial was worth $12,400, or about four hundred thousand baht, and climbed to $44,500, or about 1.6 million baht, now down about 35,000 to 40,000. dollars or about 1.3 to 1.4 million baht
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