The market for pre-owned luxury watches has been on the rise for several years now. However, the pandemic triggered a buying frenzy amongst collectors with prices of collectible watches ballooning to record levels, especially in the case of Rolex watches. According to a study by online retailer Bob?s Watches earlier this year, Rolex watches outperformed traditional investment options such as gold, real estate, and even stocks. But as the old saying goes, what goes up must come down. Over the last few months, the severe inflation and recession fears have severely affected the valuations of all investment assets. The world of pre-owned luxury watches hasn?t remained unaffected either. In the case of discontinued Rolex watches, the valuation slump has been more extreme. According to an exclusive report by WatchPro, the prices of some of the Rolex watches discontented this year have diminished by as much as 50%.
Via Facebook / @ROLEX The Rolex GMT Master.

Traditionally, the value of discontinued luxury watches, especially Rolexes, goes up considerably after the models drop out of the catalog. Speculators often bet big on models that are rumored to be discontinued in anticipation of making big profits in a relatively small time period. However, the WatchPro report that cites data provided by Swiss-based secondary market specialist Chronext states that some of those speculators who mistimed their investments might be sitting on huge losses. The report gives the example of ...