Crypto-currencies: Market collapse has led to a rise in the supply of second-hand watches 


The latest movements in the crypto space have reportedly led to an increase in the supply of pre-owned luxury watches. The consequence? Prices of sought-after models from top brands like Rolex and Patek have dropped.
The recent plunge in crypto-currency valuations “has had a direct impact on the prices of luxury watches from brands like Rolex and Patek Philippe,” says Chrono24, the company behind the news. Based in Karlsruhe, Germany, the company has over half a million watches listed for sale on its website.
Safe haven
The supply of sought-after watches, such as the Rolex Daytona or the Patek Nautilus 5711A, “is now much higher,” the online platform notes in a statement. “The collapse of cryptocurrencies increases the supply of the most sought-after models on the second-hand market,” it goes on to say.
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Featured photo : © Rolex
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.