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By 2017 grey market sales of luxury watches were "upending the global watch industry," according to Barron's; exports of new watches from Switzerland fell 10% in 2016 and there was a glut of inventory of new watches, driving prices down. [10]
This, in turn, means higher prices and relief for secondhand Rolex dealers like Bob’s Watches, retailers like Watches of Switzerland, and even Rolex’s own certified pre-owned program (and its ...
Here are 10 of the cheapest Rolex watches out there. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 ...
Rolex is once again upending the luxury watch world. Following moves in the past year to launch its own certified pre-owned service — and boost new watch supply by opening new production ...
On 26 October 2017, a Rolex Daytona (Ref. 6239) watch formerly owned by the actor Paul Newman was sold for US$17.75 million in New York City, making it the second most expensive wristwatch and the third most expensive watch ever sold at auction (as of July 2020). [39] [30] [40]
The Financial Times stated that in 2022 there was market of over a billion dollars for grey market Swiss watches such as Rolex, Breitling, IWC, Cartier, Patek Philippe, Audemars Piguet, Breguet and Bulgari. [28] [29] Barron's has said that in 2017 fine Swiss watches were available for up to 40% lower prices from the grey market.