Morgan Stanley: Prices for Rolex, Patek Philippe and Audemars Piguet watches will keep plunging due to a flood of supply — but these 3 real assets remain scarce and coveted The second-hand market for luxury timepieces had a huge bull run over the past few years. But according to a recent report by Morgan Stanley using data from WatchCharts — which tracks real-time watch market sales — prices of the most sought-after watches from top luxury brands have dropped significantly. The most… Source link
Read More »The great Rolex watch shortage
Let’s say you’re a well-to-do businessman or woman or otherwise successful professional. You’ve put in the time to hone your craft, made the right career moves, climbed the corporate ladder, and likely drive home in your German-built, luxury sports sedan. Yes, you’ve made it, and now you might be thinking to yourself, “It’s time I bought that status symbol that lets everyone else know I’ve made it whenever I walk into a room” — a Rolex. Well I’ve got some bad news for – you… Source link
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