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Signs of Bottom Emerge for Rolex, Patek Prices After Secondhand Slide

In the spring, there was a surge of trade for top tier pre-owned timepieces. The euphoria faded fast.

A Rolex Daytona luxury watch.

A Rolex Daytona luxury watch.

Photographer: Patrick T. Fallon/Bloomberg

More signs are emerging that the secondhand luxury watch market is finding its footing, after prices surged and then tumbled earlier this year. 

An index for Rolex resale prices at WatchCharts, a consultancy, fell 1.84% in early September from the prior month, a slower pace of decline following a summer slump of at least twice that rate.