Stocks outperform luxury watches as Rolex and Patek prices fall
Prices for luxury watches from brands such as Rolex, Patek Philippe and Audemars Piguet have fallen a combined 23% over the past two years, extending a prolonged slump in the secondary market, according to Bloomberg. The Bloomberg Subdial Watch Index, which tracks the 50 most-traded watches by transaction value, fell less than 1 percent in June, indicating that the pandemic-era rally is finally over. Over the past year, the index has fallen 8 percent, contributing to a 23 percent decline over the past two years. This data, provided by Subdial, a UK-based watch trading platform, highlights the changing dynamics of
