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- Luxury watches outperformed most other asset classes last year, according to Morgan Stanley.
- Secondhand watch prices fell 8%, compared with the S&P 500's 19% drop and bitcoin's 65% crash.
- Mid-priced brands like Cartier and Omega have actually rallied over the past three months, the bank said.
Luxury watches like Rolex and Patek Philippe were better-performing assets than stocks and cryptocurrencies last year, according to Morgan Stanley.
The price of secondhand high-end models fell just 8% in 2022, the bank said in a research note published Wednesday, citing data from WatchCharts.