Watches
Luxury Swiss Watches Still Beat Stocks and Crypto Despite Rolex and Patek Drop
- Rolex prices fell less than shares in 2022: Morgan Stanley
- Supply glut reverses pandemic boom in coveted timepieces
Rows of second hand luxury watches in Bern, Switzerland.
Photographer: Matthew Lloyd/Bloomberg
Prices for the most coveted Rolex, Patek Philippe and Audemars Piguet watches are still falling but have outperformed returns from stocks and cryptocurrencies, according to Morgan Stanley.
Luxury watches on the secondary market declined 8% in value last year, an index compiled by research platform WatchCharts found. That compares to a drop of 19% for the S&P 500 stock index and a 65% plunge for Bitcoin.