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Rolex, Patek Prices Hit Fresh Two-Year Lows: Subdial Index
- Luxury watch prices decline again in October as supply climbs
- Subdial sees further downward pressure on watch prices
Prices for used Rolex and Patek Philippe watches fell to fresh two-year lows on the secondary market last month as demand for pricey timepieces continued to decline amid rising supply.
The Bloomberg Subdial Watch Index dropped 1.8% in October, sinking to its lowest level since 2021. The index, which tracks prices for the 50 most traded watches by value on the secondary market, is now down 42% since a high in April 2022.