You can get a Rolex ‘cheap’ now

M.Most of us can’t afford a Rolex (Or other high-end luxury watches, for that matter). But if there is so far It was a time when those closest to that financial milestone could afford it. According to a Morgan Stanley reportprices of pre-owned luxury watches fell as the market was flooded with supplies.Expected to fall further by the end of the year Year, likewise. So if you’ve ever wanted to splurge, now might be the time.

Which luxury watches are discounted?

pre-owned luxury watches Rolex, Patek Philippe, and Audemars Piguet are brands to watch. According to WatchCharts, an index that tracks luxury watch prices, Prices appear to have peaked in the first quarter of 2021 before beginning a steep decline that continues. Rolex prices drop more than 19% for the past 6 months, Whatfrom the average market high of approx. $36,000 March As of this writing, it stands at $29,000 today.

Other brands such as Patek Philippe and Audemars Piguet are down 19% and 15% on the secondary market. Respectively, peaked in April of this year.

One of the most influenced watch models, According to the watch chart, was Rolex Oyster PerpetualAs of this writing, it has decreased by 28.7% over the past six months.Some can be found on the used market for a low price $2,100.

Discounted Rolex, Patek Philippe, or Audemars Piguet?

there is websites like bob’s watch When Chrono24 We sell verified genuine luxury watches. You can try your luck on eBay and see what you can find, but there are no guarantees of authenticity.

Morgan Stanley said, “Given current watch inventories for sale and the deteriorating macro environment, we expect pre-owned prices to shrink further each quarter. As reported by Bloomberg.