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The collapse in cryptocurrencies is easing supply of the most sought after watches on the second-hand market, depressing prices for hard-to get-Patek Philippe and Rolex models. Sales of the steel Rolex Daytona 116500LN with a white dial on the platform have slumped by more than ,000 from a peak of over ,000 in May. And the steel Audemars Piguet Royal Oak with a.
A new report from Bloomberg has revealed that the collapse in crypto has significantly eased the supply of the world’s most sought-after watches, meaning for the first . Secondhand watch market sellers say the supply of luxury Swiss timepieces like Rolex and Patek Philippe rose as a direct consequence of the Bitcoin crash this year. Surging valuations for crypto currencies minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, .
After years of intense speculation and insane price rises, it seems as if aftermarket prices for Rolex watches are starting to fall. And the ‘crypto crash’ might be to blame. According to a report from online watch trading platform Chrono24, the supply of trophy watches “is now much larger,” and has significantly impacted the price of models from .
Rolex watches are on track to erase all the price gains they made this year on the resale market. The drop follows steeper crashes for stocks and crypto that are hitting new .
Surging valuations for crypto currencies had minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, . A slowing economy, higher interest rates, and the crash in cryptocurrencies all factor into the slump, according to data by pre-owned watch dealer Subdial. In February 2022, .
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The collapse in cryptocurrencies is easing supply of the most sought after watches on the second-hand market, depressing prices for hard-to get-Patek Philippe and Rolex models. Sales of the steel Rolex Daytona 116500LN with a white dial on the platform have slumped by more than ,000 from a peak of over ,000 in May. And the steel Audemars Piguet Royal Oak with a.
A new report from Bloomberg has revealed that the collapse in crypto has significantly eased the supply of the world’s most sought-after watches, meaning for the first time in a long time, collectors can get their hands on a new Rolex or Patek Philippe. Secondhand watch market sellers say the supply of luxury Swiss timepieces like Rolex and Patek Philippe rose as a direct consequence of the Bitcoin crash this year. Surging valuations for crypto currencies minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, Audemars Piguet and.
After years of intense speculation and insane price rises, it seems as if aftermarket prices for Rolex watches are starting to fall. And the ‘crypto crash’ might be to blame. According to a report from online watch trading platform Chrono24, the supply of trophy watches “is now much larger,” and has significantly impacted the price of models from brands including .
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Rolex watches are on track to erase all the price gains they made this year on the resale market. The drop follows steeper crashes for stocks and crypto that are hitting new collectors'. Surging valuations for crypto currencies had minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, Audemars Piguet and Patek. Now that many digital tokens have been hammered, these consumers are going into reverse. A slowing economy, higher interest rates, and the crash in cryptocurrencies all factor into the slump, according to data by pre-owned watch dealer Subdial. In February 2022, prices for resale. The collapse in cryptocurrencies is easing supply of the most sought after watches on the second-hand market, depressing prices for hard-to get-Patek Philippe and Rolex models.
Sales of the steel Rolex Daytona 116500LN with a white dial on the platform have slumped by more than ,000 from a peak of over ,000 in May. And the steel Audemars Piguet Royal Oak with a.A new report from Bloomberg has revealed that the collapse in crypto has significantly eased the supply of the world’s most sought-after watches, meaning for the first time in a long time, collectors can get their hands on a new Rolex or Patek Philippe.
Secondhand watch market sellers say the supply of luxury Swiss timepieces like Rolex and Patek Philippe rose as a direct consequence of the Bitcoin crash this year. Surging valuations for crypto currencies minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, Audemars Piguet and. After years of intense speculation and insane price rises, it seems as if aftermarket prices for Rolex watches are starting to fall. And the ‘crypto crash’ might be to blame.
According to a report from online watch trading platform Chrono24, the supply of trophy watches “is now much larger,” and has significantly impacted the price of models from brands including . Rolex watches are on track to erase all the price gains they made this year on the resale market. The drop follows steeper crashes for stocks and crypto that are hitting new collectors'. Surging valuations for crypto currencies had minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, Audemars Piguet and Patek. Now that many digital tokens have been hammered, these consumers are going into reverse.
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