An investment in an older luxury watch is never wrong, it can usually be sold again. Currently even with a considerable profit, because the market for used luxury watches is booming. Not only some models of the flagship of Swiss watchmaking, Rolex, show a high price increase, also used chronometers of other noble brands are booming. According to “FAZ”, a report by the Boston Consulting Group, which was prepared together with WatchBox, shows an annual return of almost 20 percent. The market keeps growing.
Last year, used luxury watches worth 23 billion euros changed hands. However, this should not have reached the zenith. The market is expected to grow again in the coming years. If things continue like this, in a few years, used chronometers could be more expensive than new ones, because the price among collectors depends on demand, similar to art or wine.