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Second hand watches are the fashionable way to get a watch at the best price, the perfect piece of men’s jewellery.<\/p>\n
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But one can dream of wearing a beautiful watch without having the means to buy iconic models.<\/p>\n
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This has led many enthusiasts to focus on recent editions sold second-hand. This has led to a flourishing second-hand market, both online and in watch shops.<\/p>\n
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On the other hand, some models such as the Rolex Daytona<\/strong> have lost their value at first hand. The same is true for the Piguet Royal Oak<\/strong>, whose price has dropped by \u20ac20,000 in 6 months. In contrast, other models have increased in value, such as the Girard-Perregaux Laureato<\/strong>, which was worth around \u20ac8,000 in 2021 and is now worth \u20ac18,000, an increase of \u20ac10,000.<\/p>\n <\/p>\n However, since the summer of 2022, the value of the new watch market is still growing by 10%. Vintage watches are therefore attracting renewed interest. This is the case of the Rolex Datejust 41<\/strong>, a sure value whose price has risen in all its variants.<\/p>\n <\/p>\n <\/p>\n Watch specialists all agree on this point: the true price of a watch is the one it reaches on the secondary market. This is why watch lovers have seen fit to put their savings into tangible safe havens.<\/p>\n <\/p>\n The second-hand market thus confirms the grip of an aura of star brands.<\/p>\n <\/p>\n Among these, Rolex<\/strong> dominates the ranking, followed by Patek Philippe<\/strong> and Audemars Piguet<\/strong>. At auctions, these three exceptional manufacturers sometimes fetch several million Swiss francs.<\/p>\n <\/p>\n In 2020, in the midst of the confinement, the Rolex Daytona<\/strong> and the Patek Philippe Nautilus<\/strong> saw an increase of more than 200% in their second-hand prices. A real race to the clock!<\/p>\n <\/p>\n <\/p>\n But the year 2022 marked a certain return to normal and the speculative bubble is slowly deflating. And for the past few weeks, prices have been falling on the second-hand market, sometimes by as much as 30%.<\/p>\n <\/p>\n The Rolex Daytona is now trading second hand at between \u20ac35,000 and \u20ac38,000, or 15 to 20% less than in the spring. Patek Philippe’s Nautilus is now selling itself on the second-hand market for between \u20ac130,000 and \u20ac150,000 depending on its condition, \u20ac60,000 to \u20ac40,000 less than in February.<\/p>\n <\/p>\n According to the American second-hand watch platform, Chrono24<\/strong>, this slump can be explained by the collapse of cryptocurrencies.<\/p>\n <\/p>\n In 2022, the value of the main virtual currencies (led by Bitcoin<\/strong>) collapsed, leading to an earthquake and a number of bankruptcies. However, a study confirms that when speculators spend their Bitcoins, they prefer to buy luxury goods. The latter would have represented 31% of transactions in 2021 via the Bitpay payment platform, compared with 9% in 2020.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0The Geneva Watchmaking Grand Prix flies to India<\/a><\/p>\n <\/p>\n Featured photos : \u00a9 Chrono24[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Second hand watches are the fashionable way to get a watch at the best price, the perfect piece of men’s jewellery.<\/p>\n <\/p>\n But one can dream of wearing a beautiful watch without having the means to buy iconic models.<\/p>\n <\/p>\n This has led many enthusiasts to focus on recent editions sold second-hand. This has led to a flourishing second-hand market, both online and in watch shops.<\/p>\n <\/p>\n On the other hand, some models such as the Rolex Daytona<\/strong> have lost their value at first hand. The same is true for the Piguet Royal Oak<\/strong>, whose price has dropped by \u20ac20,000 in 6 months. In contrast, other models have increased in value, such as the Girard-Perregaux Laureato<\/strong>, which was worth around \u20ac8,000 in 2021 and is now worth \u20ac18,000, an increase of \u20ac10,000.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nThe second-hand market driven by dynamic demand<\/h2>\n
Back to normal in 2022<\/h2>\n
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Watches are a particularly popular safe haven in these uncertain times.<\/h4>\n