Luxury watches dragged into the fall of cryptocurrencies

  • Post category:Economy News
  • Reading time:4 mins read

Flagship models from Rolex, Patek Philippe and Audemars Piguet are facing severe discounts as their purchases by speculators have slowed.

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Journalist in the Economy department

Reading time: 4 mins

VSThese are not the sales for wealthy connoisseurs of prestigious watches… but it looks like it. As Chrono24, an international resale platform that is a benchmark, points out, the most prominent models that we see on the wrists of the greatest personalities in sport and rap are experiencing a severe decline in their ratings.

Judge for yourself… The Rolex Daytona, particularly loved by hip-hop billionaire Jay-Z, is currently selling for second-hand between 35,000 and 38,000 euros, ie 15 to 20% less than in the spring. For a Royal Oak from Audemars Piguet, count 110,000 euros for an unworn (but not new) copy and nearly 80,000 euros for a piece less nickel, that is to say 20 to 40% cheaper than there are. four to five months old. As for the Nautilus by Patek Philippe, it can be unearthed between 130,000 and 150,000 euros depending on its condition, or 60,000 to 40,000 euros less than in February. Big deal !

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