Editor’s Note
This article highlights a recent survey by Chrono24 indicating a potential stabilization in the secondary luxury watch market, with a notable price increase for two specific Cartier models.
According to a survey by Chrono24, a luxury watch marketplace headquartered in Germany, on trends in the secondary market for luxury watches from January to March 2024, price declines have remained modest, showing signs of bottoming out. Additionally, two Cartier models have seen significant increases in their market prices.
According to Chrono24, the overall price of luxury watches fell by 0.49% from January to March 2024.
However, given that prices fell by 0.97% from October to December last year and by 2.23% for the entirety of 2023, there are signs of recovery in the market this year. Among the 14 brands surveyed by the company, four are said to be on an upward trend.
