Subdial Watch Index Flat as Rolex’s ‘Pepsi’ and ‘Starbucks’ Gain
- Patek 5711 in steel with blue dial also rose in March
- Bloomberg Subdial Watch Index down 0.1% as buyers wait
Prices for the most traded luxury watches were largely unchanged in March as buyers waited for new models to be released this month at a key industry event in Geneva. Values for a pair of well-known Rolex watches and a Patek Philippe moved higher.
The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded luxury watches by value declined about 0.1% to a level of $33,558 last month, according to data compiled by Subdial, a London-based watch dealer and trading platform.