I have a fascination for moonphase watches and I have an active search saved on chrono24 for Moonphase. Usually, on any given day, maybe 20-30 new watches are added to that site category. My search alerts me. and I sort by Newest.

About 3 days ago, I noticed instead of getting an update for 24 new moonphase, it was 75. I clicked and checked it out - most were extremely high end, Patek Phillipe, Breguet, Audemars in the high 70-350K range.

2 days ago, I get another update. 111 new moonphase in the last 24 hours. I click… Patek Phillips, Breguet, Audemars, JLC, Vacheron, Glashutte, A. Lange, Rolex… prices similar.

1 day ago, I get an update, 52 new moonphase. Same results.

As usual I’m cruising around YT looking for fun videos, and I come across THIS:

https://www.youtube.com/watch?v=nxuxbW_9BhM

6th quarter of price drops. What we’re seeing, and I’m sure it’s true in other categories, is a huge wave of sellers getting out of a crashing high end luxury watch market. Good for us scrappers.

  • weavjo@alien.topBEnglish
    1·
    11 months ago

    Good.

    There are price indexes you can find on Chrono24 and WatchCharts. We are seeing covid excesses be bled out of the watch market and other markets (housing, luxury cars, boats, vacation homes). I don’t think the secondary market has come back down normality, but it’s certainly a good time to suggest a price to a stale listing that might let them sell for what they paid the AD for.