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Your Rolex Suddenly Might Be Worth Less Than You Think – The Wall Street Journal

Watches

The watch resale market, where prices for hyped timepieces skyrocketed to record figures in recent years, is floating back down to earth.

According to sales data from Chrono24, a watch resale marketplace, a stainless steel Patek Philippe Nautilus 5711 that sold for more than $194,000 in January is now trading closer to $145,000. Sales of the steel Rolex Daytona 116500LN with a white dial on the platform have slumped by more than $12,000 from a peak of over $52,000 in May. And the steel Audemars Piguet Royal Oak with a white dial is down by nearly $20,000 from its March peak of around $75,000.

Source: https://www.wsj.com/articles/rolex-watch-secondary-market-prices-crypto-crash-11659495619

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