The pre-owned luxury watch market is being flooded with Rolex (pictured), Patek Philippe and Audemars Piguet watches, which is driving down prices. Photo: Shutterstock
The pre-owned luxury watch market is being flooded with Rolex (pictured), Patek Philippe and Audemars Piguet watches, which is driving down prices. Photo: Shutterstock

Rolex, Patek Philippe and Audemars Piguet luxury watch prices on second-hand market forecast to fall further amid supply glut

  • Second-hand dealers and individual investors are offloading luxury watches and flooding the pre-owned market with supply, says Morgan Stanley
  • Prices of the most popular models are down by 15 to 21 per cent from their peak, bank says. But prices of some other luxury Swiss watches continue to rise

The pre-owned luxury watch market is being flooded with Rolex (pictured), Patek Philippe and Audemars Piguet watches, which is driving down prices. Photo: Shutterstock
The pre-owned luxury watch market is being flooded with Rolex (pictured), Patek Philippe and Audemars Piguet watches, which is driving down prices. Photo: Shutterstock
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