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Vintage watchmaking stronger than cryptocurrencies


STYLE - Between purchase, collection and speculation, second-hand luxury watches are taking full advantage of the rise of a new, younger and more connected clientele.

The observation may come as a surprise: last year, Swiss made proved to be more profitable than cryptocurrencies.

This is what Morgan Stanley observed when looking at the good health of the second-hand watch market.

According to data from the research platform WatchCharts, when the used watch sector was down 8% in 2022, the value of the most famous cryptocurrency, bitcoin, plunged 65%.

Even if some timepieces, whose resale value had tripled, compared to the purchase price in store, saw their rating return to a less unreasonable altitude.

The certified second-hand revolution

“This is a price readjustment, concentrated on a few models, such as the Royal Oak from Audemars Piguet, the Patek Philippe Nautilus 5711 and the Rolex GMT-Master II, analyzes Osanna Orlowski, co-founder of the luxury platform

of second hand Collector Square.

In addition, second-hand models whose new reference is still sold in stores remain very highly rated.

As for the real vintage ones…

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Source: lefigaro

All life articles on 2023-02-20

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