Getty/Astrid Stawiarz
- Prices for pre-owned Rolex watches have been on the slide for almost a year after posting record highs.
- While this has spelled trouble for some sellers, a closer look at the data reveals demand is surprisingly strong.
- The biggest reason for the price decline, analysts say, was a surge of additional watches to the market.
One year ago, pre-owned luxury watch prices were on a tear, soaring to record highs fueled by a combination of low interest rates, stimulus cash, and crypto gains.
Then, the US Federal Reserve started hiking rates, household cash reserves began to dwindle, and the crypto bubble popped.