Tick Tock: Rolex and Patek Philippe Prices Fall Amidst Crypto Market Crash

Following the most recent market crash, the secondary market for luxury watches is experiencing falling demand. What Happened: Following all-time high luxury watch market prices in 2021, the latest crypto crash has caused a corresponding drop. Even as U.S. inflation started to rise, stocks and cryptocurrencies were in a multi-year bullish upswing. Furthermore, with the U.S. government handing out stimulus checks, there was a large-scale injection of money into the economy. Consequently, luxury watch consumers propelled ... Full story available on Benzinga.com