Prices for the most sought-after luxury watches slipped on the secondary market again last month, extending a two-year decline as investors turn elsewhere after a pandemic-era rally fizzled.
The Bloomberg Subdial Watch Index, which tracks the 50 most-traded watches by transaction value, declined less than 1% in June. It’s fallen 8% in a year and 23% in the past two years, data provided by Subdial, a UK-based watch trading platform shows. That contrasts with a 27% surge in the S&P 500 Index, the US stock market benchmark, in the past year.