Thursday, August 3, 2023

The Great Rolex Recession is Here

The great Rolex recession is here: How the Fed crushed the luxury-watch boom (Business Insider)
Image: Rolex

"The WatchCharts Overall Market Index — which tracks the prices of 60 timepieces from top brands including Rolex, Patek Philippe, and Audemars Piguet — has plunged 32% from a March 2022 peak. A separate index for just Rolex models fell 27% over a similar period."

[ed. Maybe people who can afford them, or aspire to, only need one?]