Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says

[AJBot]

The latest troubles in the crypto space have allegedly led to an increased supply of second-hand luxury watches, according to a leading trading platform. As a result, prices of sought-after models by major brands like Rolex and Patek have dropped, the company revealed. Higher Supply After Crypto Crash Hurts Resale Prices of Top Watches From Swiss Brands Like Rolex The recent decline in the valuations of crypto assets has directly impacted pricing of luxury watches from Rolex, Patek Philippe and ...

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[Mordekai]

Second-hand luxury watches.. that sounds funny to me

 

[CarlosHamilton]

It's interesting how different industries can be interconnected. For watch enthusiasts, this could be a great opportunity to find sought-after models at lower prices. It's always fascinating to see how market trends can affect various sectors. Has anyone here taken advantage of such opportunities already? My friend has also decided to bring his Rolex to the Pawn shop on Oxford Street, as his trading isn't doing so well. But I hope he'll be fine!

 

[mellisajjac]

I’ve noticed this trend, too, and it’s pretty wild. With the crypto market diving, it’s no surprise that high-end watches like Rolex and Patek are flooding the market. It’s almost like a side effect of the downturn.

 

[gwolf666]

Interesting how the collapse in the cryptocurrency market has influenced the prices of luxury watches. I have noticed that several Rolex and Patek Philippe models are now more accessible on the second-hand market. Collectors are apparently selling their luxury watches to cover cryptocurrency losses, which has increased supply. This has led to a drop in resale prices for these high-end watches. Personally, I'm considering taking advantage of this drop in prices to purchase a model that was previously out of my reach. Has anyone else noticed these changes or are you thinking of buying a luxury watch in this situation?

 

[Riberet19]

In the market everything is related, sometimes the prices of certain assets fall because they are being sold in order to buy other assets, this may be what will happen, smart money always flows towards the best opportunities.