Inside the luxury watch recession

Inside the luxury watch recession

Words: Tom Ward

Bad news for horology enthusiasts; The WatchCharts Overall Market Index — which tracks the prices of high-end wrist wear from the likes of Patek Philippe and Audemars Piguet — has reported a 32 percent drop in value from a March 2022 peak. Rolex is in special trouble, with a 27 percent decline all of its own.

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