Sales of second-hand luxury watches will overtake new models within a decade as buyers seek out scarce Rolex, Patek Philippe and Audemars Piguet timepieces, according to a new industry report.
The market for vintage and pre-owned watches will surge to 79 billion euros ($85 billion) in 2033, more than triple the 25 billion euros sold last year, LuxeConsult, a Swiss-based industry analyst and consulting firm, forecast.
