{"id":1299686,"date":"2023-05-27T08:10:20","date_gmt":"2023-05-27T12:10:20","guid":{"rendered":"https:\/\/bugaluu.com\/news\/rolex-watch-market-remains-in-bust-cycle\/1299686\/"},"modified":"2023-05-27T08:10:20","modified_gmt":"2023-05-27T12:10:20","slug":"rolex-watch-market-remains-in-bust-cycle","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/rolex-watch-market-remains-in-bust-cycle\/1299686\/","title":{"rendered":"Rolex Watch Market Remains In Bust Cycle\u00a0"},"content":{"rendered":"
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Rolex Watch Market Remains In Bust Cycle\u00a0<\/span><\/p>\n

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Ever since the secondhand luxury watch market peaked in April 2022, the question has been:\u00a0When will prices finally bottom?<\/em>\u00a0Well, the latest data from Bloomberg Subdial Watch Index shows after six months of stabilizing, prices are sliding once more as capital markets remain in a deep freeze, the Federal Reserve continues to hike interest rates aggressively, and wealthy folks are dialing back spending due to recession fears.\u00a0<\/p>\n

The\u00a0Bloomberg Subdial Watch Index<\/a>, which tracks prices for the 50 most-traded watches by value on the secondary market, has reversed a multi-month countertrend from a low. Prices fell 1.4% over the last 30 days.\u00a0<\/p>\n<\/p>\n

Down 2.5% in the last six months.\u00a0<\/p>\n

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Down 26.2% in the last 12 months.\u00a0<\/p>\n

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And back to levels seen before the watch bubble.\u00a0<\/p>\n

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The Rolex Explorer II Orange Handle 216570, Rolex Datejust 36 126234, Patek Philippe Nautilus Bue 5711\/1A-010, and Rolex Datejust 41 126333 were some of the largest decliners, down between 3.5% to 3% on the month.\u00a0<\/p>\n

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To better visualize the watch bubble implosion, the yearly change for these watches has crashed between 40.5% to 30.6%.\u00a0<\/p>\n

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Recall some of our commentary on the watch market over last year:<\/p>\n