Rolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says
- Secondary market price declines to continue: Morgan Stanley
- Most Rolex, Patek, AP trade above retail despite price drops
Prices for previously owned Rolex, Patek Philippe and Audemars Piguet watches will keep falling as supply remains high, according to analysts at Morgan Stanley and market research platform WatchCharts.
Total supply on the secondhand market is starting to decline but overall inventory levels remain elevated, the report from Morgan Stanley analysts led by Edouard Aubin and WatchCharts said.