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confidential-couture · 3 months ago

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Cash in Your Timepiece: Maximising Returns by Selling Pre-Loved Audemars Piguet Watches

Introduction

Hi there, friends who also love watches! You have an Audemars Piguet on your wrist, and you're thinking it might be time to part with this exquisite example of watchmaking craftsmanship. Maybe you want to maximise your investment, or maybe you're contemplating an upgrade. In any case, if you play your cards well, selling a pre-loved Audemars Piguet watch can be a profitable undertaking. We can help you with everything from determining the worth of your watch to handling the selling procedure. Now let's get going!

Knowing How Much Your Audemars Piguet Is Worth

It's important to know what makes your Audemars Piguet tick, pun intended, before you consider selling. Limited manufacturing runs, creative designs, and exceptional craftsmanship are characteristics that set AP timepieces apart. Because of their prestigious position, these watches are continuously in demand because collectors and watch aficionados are always searching for them.

Model and Unpredictability

There are more sought-after Audemars Piguet watch models than others. The Royal Oak and Royal Oak Offshore collections, for instance, are quite well-liked. Limited editions and outdated models might fetch greater prices because of their scarcity.

State and Origin

Naturally, well-maintained watches with few scratches and original parts would fetch a greater price because condition matters if you want to sell your second hand luxury watch. The value of the watch can be greatly increased if it is resold with the original box, paperwork, and servicing records.

Getting Your Watch Ready for a Sale

When you've determined your Audemars Piguet's prospective worth, it's time to get it ready for sale. The amount you eventually receive can vary significantly depending on how well-prepared you are.

Tidy and helpful

Initial impressions count. Take your watch to a professional if it hasn't been serviced in a while. In addition to looking nicer, a well-maintained watch reassures prospective customers of its functionality.

Compile Records

The original box, papers, and service records can all add to the watch's worth, as was previously indicated. Serious buyers need verification of authenticity and care, which these documents offer.

Selecting the Appropriate Selling Platform

Every selling method has advantages and disadvantages, and the best one will rely on your requirements, whether they be ease, quickness, or maximum returns.

Dealers and Retailers

To sell Pre-loved Audemars Piguet watches can be a daunting task. It can be directly purchased by a large number of luxury watch vendors. Although selling directly to a customer may result in a lower price, this method is more convenient and pays out right away.

Individual Sales

Because you eliminate the middlemen, private sales through word-of-mouth or internet forums can generate significant profits. But this approach comes with a higher risk, particularly when it comes to payment and fraud, and to sell pre-loved luxury watches it takes more work in terms of marketing and negotiating.

Calculating Audemars Piguet Costs

Achieving the best return on investment and drawing in customers both depend on pricing your product appropriately. This is the method to follow:

Examine the Condition of the Watch

Depending on how well your watch is working, change your price. Watches in mint condition will sell for more than ones with apparent wear and tear.

Consider Demand and Rarity

Models with special features or limited editions can fetch greater costs. In a similar vein, you may be able to raise the price of your particular model if there is a large market for it.

Keep It Real

Although it may be tempting to aspire for the best price, selling your luxury items, especially watches faster can come from setting reasonable expectations. If you overcharge your watch, it may remain unsold for a long time.

Concluding the Transaction

Once an agreed-upon price has been reached, it's time to seal the deal. This is how to make sure the transaction goes well.

Safe Transaction

Select a safe payment option to keep yourself and the customer safe. PayPal, bank transfers, and escrow services are available options. Because of the possibility of fraud, never accept personal cheques or wire payments from unidentified buyers.

Give Records

Along with the watch, include all pertinent documentation. Included in this are the original box, paperwork, servicing records, and any other items that attest to the watch's provenance and authenticity.

Transport Safely

When shipping the watch, make sure the package is well-protected and utilise a reputable courier service. Make sure the shipment is fully insured, and when it is delivered, get a signature.

Observation

Make sure the customer is happy with their purchase by following up with them after the transaction. Positive reviews can be beneficial if you want to keep up your good reputation in the watch community and decide to sell pre-loved luxury watches in the future.

Sustaining Your Connection

Creating and sustaining a network of prospective customers and watch aficionados can be very helpful when it comes to marketing luxury timepieces. This network can help you locate the ideal buyer for your Audemars Piguet, as well as offer insightful advice and recommendations.

Participate in Watch Communities and Forums

Fans of watches offer advice, anecdotes, and—most importantly—potential customers on sites like Watchuseek, TimeZone, and Reddit's r/Watches. Participate in conversations, impart your expertise, and establish relationships that may prove beneficial in the future.

Attend Events and Watch Shows

Attending expos, watching shows, and other horological events is a terrific way to meet people in person and network to gain more insights about the best places to sell luxury watches. Collectors, dealers, and business people attend these events. If you tell your tale and bring your Audemars Piguet, you might meet someone who wants to buy your watch.

Utilise Social Media

To reach a larger audience, share the narrative of your Audemars Piguet, upload high-quality pictures and videos of it, and add pertinent hashtags. Interact with your fans by joining watch enthusiast groups or sites. Recognising Market Trends

You may sell your Audemars Piguet with a big edge if you keep an eye on market trends. Knowing what's in and out of style will help you schedule your sale to make the most money.

Keep an eye on the markets

Check the performance of comparable watches regularly by visiting online marketplaces and auction results. This might help you gauge demand and pricing trends. Consider whether some models or features are more in demand than others, and modify your plan of action accordingly.

Examine industry reports

A comprehensive understanding of the luxury watch market can be obtained from industry reports and market analysis. Periodicals that offer sellers useful information include Hodinkee, WatchPro, and The Business of Fashion, which frequently publish articles and research on industry trends.

Adhere to Experts and Influencers

Experts and watch influencers frequently discuss market trends and new fashion trends. You can keep up with trends and make well-informed judgments about selling your watch by following these people on social media or reading their blogs.

When to Make a Sale

When it comes to marketing a high-end watch, timing does matter. Seasonal changes, economic considerations, and market conditions can all affect the value of your watch.

Managing the Ethical and Legal Considerations

Selling a pricey product like an Audemars Piguet watch has ethical and legal ramifications. A smooth transaction depends on your adherence to ethical standards and legal compliance.

Check the legitimacy

Before you sell, be sure your watch is authentic. Your reputation can be harmed and legal problems brought on by fake timepieces.

Complete Disclosure

Regarding the state and past of your watch, be truthful. It is not only moral to disclose any repairs, replacements, or defects, but it also fosters trust among prospective purchasers.

Establishing a Credibility

The way you are seen in the watch industry will have a big influence on your capacity to sell future watches as well as your existing Audemars Piguet.

Deliver Superior Assistance

Handle each sale with care and professionalism. Give clear instructions, thorough explanations, and top-notch customer support. Repeat business and recommendations are two benefits of a successful sales encounter.

Collect Evaluations and Testimonials

Urge pleased customers to provide reviews or testimonials. Positive reviews strengthen your brand and reassure potential customers about your reliability.

Continue to Participate

Even after your sale, stay in touch with the watch community. By remaining active, you can preserve your reputation and stay up to date on opportunities and market trends.

The Affective Dimension

The procedure can go more smoothly if these feelings are acknowledged and controlled.

Think Back on Your Selection

Think over your reasons for selling the second hand luxury watch for a while. Being specific about your reasons for selling will make you feel more at ease, whether it's to upgrade to a new model, reduce costs, or just because it no longer suits your taste.

Treasure the Recollections

Recall the occasions and adventures you shared with your Audemars Piguet. It may be a little easier to part with the watch if you take some time to value it and what it means to you. Consider the next step. Anticipating future benefits, such as purchasing a new watch, switching investments, or just taking pleasure in the sale's cash gains, might help ease your pain when it comes to selling your timepiece.

ConclusionIt can be satisfying to sell a pre-owned Audemars Piguet watch, both monetarily and emotionally. India is not far behind in this trend. Your priceless watch can find a new home here where you can easily Sell preloved audemars piguet watches in India, fuss free. You can maximise your profits by knowing its value, preparing it correctly, selecting the best place to sell luxury watches, pricing it appropriately, and bargaining skillfully. Whether you're a novice seller or an experienced collector, following these pointers will help you successfully and confidently navigate the process. So feel free to cash in your watch and perhaps even begin daydreaming about the next item of jewellery you will buy. Cheers to your successful sales!

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houseofcravenart · 2 months ago

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The ultimate guide to selling your watch for cash

At House of Craven, we extend an invitation to you to uncover the real worth of your fine watches at our esteemed auctions, where remarkable watches are honored and made into historical landmarks. Our auctions provide a distinguished platform for selling your watches, offering an unparalleled opportunity to connect with passionate collectors and enthusiasts worldwide.

Our knowledgeable specialists are always available to assist with professional watch appraisals. Whether you wish to sell your watch for cash or want to understand its market value, our experts provide personalized consultations to guide you through the entire process. We take pride in delivering accurate appraisals based on the latest market trends and extensive research, ensuring you receive the best possible value for your watch. With our team by your side, you can confidently navigate the intricate world of luxury watches and make informed decisions.

The important jewelry category at House of Craven showcases an exquisite array of watches and timepieces by some of the most celebrated names in the industry. From the Antique to Modern eras, our auctions feature masterful creations from legendary makers like Patek Philippe, Rolex, Vacheron Constantin, Chopard, Piaget, Hamilton, Longines, Breitling, Audemars Piguet, and Tiffany & Co. Each brand represents the highest standards of craftsmanship, innovation, and artistry, making every watch a true collector’s item.

Selling your watch through House of Craven means more than just a transaction. It is an opportunity to present your timepiece to a global audience of discerning buyers who appreciate the unique story behind each piece. Whether it’s a rare vintage model or a contemporary icon, our auctions are designed to highlight the exceptional qualities of your watch, maximizing its appeal and value. Join House of Craven today and let us help you unlock the full potential of your luxury watch, turning it into a treasured legacy.

#SellYourWatchforCash

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firstcopywatches-replica · 3 months ago

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Navigating the World of Online Replica Watches

First copy watches typically refer to counterfeit or replica watches that are made to resemble high-end luxury watches. First copy watches mimic the design and appearance of the original brand. They are typically sold at lower prices than authentic luxury watches.

Watchotime: An Omega Constellation clone watch

Decoding First Copy Watches for Men

Dive into the realm of first copy watches, offering stunning replicas of luxury brands. Expertly crafted replicas that capture the essence of luxury. Experience style and sophistication at an unbeatable price.

Explore The Best First Copy Watches Shopping Areas In India

Cities and Shopping Locations:

First Copy Watches Delhi: Khan Market, Defense Colony, DLF Emporio, and DLF Promenade are known for luxury shopping and may have stores or markets selling clone watches.

First Copy Watches Mumbai: Colaba Causeway, Bandra Kurla Complex, High Street Phoenix, and Palladium Mall are popular shopping destinations where replica watches might be available.

First Copy Watches Bangalore: Brigade Road, UB City, and Orion Mall are places where you might find vendors selling first copy watches.

Must-Have First Copy Watches Online At Watchotime for Watch Enthusiasts

Find the perfect watch replica that combines quality and affordability. Enjoy the look of luxury without the hefty price tag. Shop the exquisite collection of replica watches at Watchotime, expertly made to mimic high-end timepieces. Their collection features high-end designs like Rolex Copy Watches, Audemars Piguet Replica, Omega Replica , and others crafted to perfection.

Discover the finest first copy watches for men in India at Watchotime, opulent timepieces, exquisitely styled , made of high quality durable material and refined cloned timepieces. Get unbeatable deals on first copy watches at Watchotime.com. Find your perfect watch now!

Browse our replica watches, showcasing luxury brands like Miu Miu, Chloe, Burberry, Louis Vuitton, Dior, Hermes, Gucci, Rolex, Cartier, Prada and Tumi. Our exquisite replicas mimic the elegance of luxury designs. Visit us today! Buy first copy watches with cash on delivery & secure payment options across major India's cities including Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Surat, Bangalore, Jaipur, and Ahmedabad.

Explore Watchotime website for real products and steer clear of fake items. Embrace ethical shopping to combat intellectual property theft and support fair labor practices.

Experience high-end fashion at accessible prices today. Enjoy a seamless shopping experience now!

What Should I Look for When Buying Replica Watches Online?

Research sellers effectively before making a purchase. Learn to evaluate reviews, ratings, and feedback to ensure reliable transactions.

Stay informed and avoid sellers' false authenticity claims.

Beware of first copy watches being sold at unrealistically low prices, posing as authentic luxury timepieces.

Examine product photos and descriptions to find the hallmark of quality and meticulous attention to detail.

Check essential information on return policies and warranties for your watch purchase.

Educate yourself on the legal ramifications of buying counterfeit goods in your area.

Safeguard your online transactions with secure payment methods.

Gain insight into the ethical dilemmas associated with buying counterfeit goods from the website.

Ensure a safe shopping experience by verifying seller locations.

Rely on reputable sellers and platforms to minimize risks and ensure a smooth purchasing experience.

#first copy watches #first copy watches for men #replica watches in India #clone watches online

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novitadiamondsblog · 1 year ago

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Sell My Luxury Watch in Melbourne: Your Ultimate Guide to Melbourne Gold Buyers

Are you thinking, "How can I sell my luxury watch in Melbourne?" Look no further! Melbourne Gold Buyers are here to guide you through the process of selling your precious timepiece. Whether you're in need of quick cash or simply want to part ways with a watch that no longer suits your style, we've got you covered.

Why Choose Melbourne Gold Buyers to Sell My Luxury Watch

When it comes to selling luxury watches in Melbourne, you want to ensure that you're dealing with reputable professionals who offer fair prices and excellent service. Melbourne Gold Buyers have built a solid reputation as the go-to experts for buying luxury watches, and here's why:

Expert Appraisals: Our team of experienced appraisers specializes in luxury watches. They are well-versed in various brands and models, ensuring you receive the most accurate valuation for your timepiece.

Competitive Offers: We understand the value of luxury watches and offer competitive prices based on current market trends. Rest assured that you'll get a fair deal when you choose Melbourne Gold Buyers.

Transparent Transactions: We believe in transparency throughout the selling process. We'll explain our valuation methods and the factors that contribute to the final offer for your luxury watch.

Convenient Locations: With multiple conveniently located offices throughout Melbourne, selling your luxury watch has never been easier. Visit our nearest office, and our friendly staff will assist you every step of the way.

The Process to Sell My Luxury Watch

Selling your luxury watch to Melbourne Gold Buyers is a straightforward process:

Visit Us: Find the nearest Melbourne Gold Buyers office and bring your luxury watch for appraisal. Our experts will carefully examine the watch's condition, authenticity, and other relevant factors.

Appraisal: Our appraisers will assess your luxury watch's brand, model, age, condition, and market demand to determine its value. This step ensures that you receive a fair and competitive offer.

Offer: Once the appraisal is complete, we'll present you with a no-obligation offer for your luxury watch. You have the option to accept or decline the offer.

Payment: If you accept our offer, we'll process the payment promptly. You can choose to receive cash or a bank transfer – whichever is more convenient for you.

Documentation: We provide all the necessary documentation for the transaction, ensuring a transparent and secure process.

Why Melbourne Gold Buyers Stand Out

Here are some key reasons why Melbourne Gold Buyers stand out as the preferred choice to sell your luxury watch:

Reputation: We have earned a stellar reputation in Melbourne for our integrity and professionalism in the luxury watch buying industry.

Customer Satisfaction: Our commitment to customer satisfaction is unwavering. We prioritize your needs and ensure a hassle-free experience.

Market Knowledge: Melbourne Gold Buyers stay up-to-date with the latest trends and market values of luxury watches, ensuring you receive the best possible offer.

Wide Range of Watches: We buy a wide range of luxury watch brands, from Rolex and Omega to Patek Philippe and Audemars Piguet.

Fast and Convenient: Our process is designed to be quick and convenient, allowing you to sell your luxury watch with ease.

So, if you've been wondering, "How can I sell my luxury watch in Melbourne?" Melbourne Gold Buyers are your trusted partners in making a smart and profitable decision. Visit one of our offices today and experience the excellence that sets us apart in the luxury watch buying industry.

Remember, when you choose Melbourne Gold Buyers, you're choosing professionalism, integrity, and a fair deal for your luxury watch. Don't miss out on the opportunity to turn your valuable timepiece into cash – contact us today!

#luxury watch brands #watch #watches #luxury watch repair #luxury watch market #rings #diamond jewelry

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audemarswatch61 · 2 years ago

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Sell Audemars Piguet for cash

Our expert knowledge of the market can provide you the best prices possible for your watch.

Why look anywhere else?

Contact Now!

Phone - 020 7734 4799

#wrist watch #watches #watch #audemarspiguet

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sellaudemarspiguet · 3 years ago

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Our experts understand the high price Audemars Piguet watches can command and with our experience we are able to offer you best prices for them. With a shop in Central London, we provide a reliable and secure service. Request a free shipping and insurance Watch Pack or visit us at our store to sell your watch today.

#Sell audemars piguet for cash

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thijnvan76 · 4 years ago

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It’s finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. China, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as China’s official coin!

The government of China just informed us that they have chosen a preferred firm for the purchase and marketing of their new coin - YuanPay Group. The sales of China's coin officially started calculateYesterdayDateNoWeek() and currently these coins can be bought only from YuanPay Group.

In fact, China deputy minister of finance, Liu Kun, informed us that their new official coin starting price is just ¥0.12 cents!

! 1 Chinese Yuan equals 0.61 Malaysian Ringgit

That’s right, their coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin for example trades at ¥65,366.84 at the time of this writing, and Ethereum, trades at around ¥1,362.76.

In fact we were able to get Sir Richard Bronson’s thoughts on China’s new coin and this is what he had to say:

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Sir Richard Bronson’s states: "Anytime a major corporation announces even a small partnership with an individual cryptocurrency that coin's value skyrockets. I can't wait to see what happens when a government officially adopts a crypto. When the name of China's coin is released many people will become millionaires practically overnight."

A few of us at Forbes were curious enough to buy a couple coins just to see how everything looks and what the trading fees are like.

It was fairly easy to get the coins, but I will show you the whole process below for those that are interested.

First step was to fill out all the details. As you can see, nothing complicated so far.

Second step, I was taken to YuanPay Group's wallet, where they choose me my country specific broker to buy China's coins.

Third step, I was taken to purchase page and had to fill out my details.

For ¥1,921, I received 21,375 coins at ¥0.12 cents each. You can see current value of my coins on the same page. PS: As a early investor they gave me 5,367 extra coins for free!

The whole process was simple and I even received a phone call from one of YuanPay Group's friendly agents, but I didn't really need any help as the whole process was easy enough.

After finishing this article, literally around 4 hours, I checked my wallet again and to my surprise:

In only 4 hours, the price increased from ¥0.12 to ¥0.31. At this point, I was positively surprised. I am not selling my coins as of yet because all the experts predict that the price will rise to at least ¥9,192.63 per coin in matter of months.

YuanPay Group was kind enough to give us a 100% accurate coin movement price counter, so everyone can see the increase directly on this page.

Official price currently

1 coin = ¥0.33

(Note - price is being updated every 30 minutes)

With a story of this nature news seems to be breaking every so often, we’ll be sure to update the story as needed.

You can find their promo video as well as direct coin sales here:

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watchesforwomenstuff-blog · 5 years ago

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This online Rolex marketplace brings much-needed transparency to the resale and trade of high-end watches — here's how it works

Bob's Watches

Bob's Watches is the world's first and largest pre-owned and vintage Rolex watch exchange. The company makes buying and selling luxury watches an easy and comfortable experience.

Unlike some other watch dealers, Bob's Watches brings transparency to the luxury watch market by openly listing buying and selling prices for watches womens watches.

Every watch sold is guaranteed to be 100% authentic with authentic parts inside, and expert watch specialists and watchmakers double and triple check before any transaction takes place.

In addition to Rolex, Bob's Watches is also a reliable source for other luxury brands like Omega, Audemars Piguet, Breitling, Patek Phillip, Tudor, Cartier, and more.

More than just timepieces, luxury watches are viewed as symbols of status, and Rolex is often revered as the pinnacle of them all. It's true that some watch brands — Rolex, for one — aren't priced for everyone, but too many people completely write themselves off as being too far removed from the upper echelon who will have the luxury of owning a high-end watch one day.Aside from high retail prices, the luxury watch market is full of grey areas for the inexperienced watch buyer. Obscure resale prices and counterfeits lead consumers to believe that buying directly from a Rolex store (where prices are undoubtedly hefty) is the only way to ensure a genuine purchase, but online site Bob's Watches is bringing clarity to the market with a level of transparency unlike that of many other watch dealers.The world's first and foremost pre-owned and vintage Rolex watch exchanges, Bob's Watches prides itself on maintaining fair prices, providing useful market information, and building trust with consumers by openly listing buying and selling prices for every watch.Bob's WatchesThe business was founded in 2010 when Rolex collector and expert Paul Altieri purchased the domain from retiring watch salesman Bob Thompson for $8,000. Altieri's decision to use a name that wasn't his own started out as a way to jump right into the online space with the domain's relatively inexpensive price and some existing traffic from online search engines.Today, the company is much bigger than he could've ever imagined. What started out as one man buying and selling his own personal collection online, Bob's Watches has grown into one of the largest online watch sites and a successful brick-and-mortar store in Huntington Beach, California, with a 24-person team including both Rolex specialists and watchmakers mens watches . Rolexes are built by highly skilled watchmakers using the finest materials and Swiss-made internals, so they are known to last a lifetime with proper care, which is one reason why their market is so robust. Another reason is that Rolexes are collector's items. Unlike most used cars that depreciate drastically as soon as you drive them off the lot, they're great at retaining value and, eventually, increase in value.Still, many online watch dealers specifically capitalize on consumers' lack of knowledge and access to reliable alternatives. For example, a $6,000 Rolex being bought for $2,000 and sold for $10,000 is an all too common occurrence within the watch industry. Bob's Watches, on the other hand, gives consumers true insight on value. The practice leaves buyers and sellers equally comfortable with making transactions online. Yes, Bob's Watches will make a profit when you buy or sell a watch, but they're completely transparent about it—they even list buy and sell prices side by side. For that reason, Bob's Watches has become the place to buy Rolexes online.Bob's WatchesBuying a watch from Bob's Watches is as simple as picking which one you'd like and checking out. Every watch listed on the site is in stock, ready to ship out, and guaranteed to be authentic with authentic parts used inside watches for men .Selling is also hassle-free. You can fill out a quote request form here. Once your request is received, Bob's will confirm your requested amount and send you a prepaid shipping label to have your watch sent in for appraisal. Once your watch is received by Bob's Watches, the package is opened and inspected on camera by a watch specialist. The video gives owners peace of mind in knowing that their prized watch won't be swapped out with a fake and sent back with an unexplained failed inspection. Once your watch is inspected and meets the original description, Bob's will contact you to ask your preferred payment method — cash, check, or instant transfer.In addition to Rolex, Bob's Watches is also a reliable source for other luxury brands like Omega, Audemars Piguet, Breitling, Patek Phillip, Tudor, Cartier, and more.If you've ever wanted a real-deal luxury watch, you no longer have to shell out an astronomical retail price or blindly navigate a resale market full of scams, fakes, and shady prices. Bob's Watches offers users a huge selection of guaranteed authentic luxury watches at reasonable prices, and with trust and integrity being at the core of not only the company's mission but their very existence, Bob's Watches won't leave you disappointed (or duped) with your purchase.Shop all Rolexes and other luxury watches at Bob's Watches here watches for women

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truthshield · 2 years ago

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The Crypto Collapse Has a New Victim: Luxury Watches

Crypto‘s endured a long, hard fall in recent months — and it’s set off a chain of declining demand that will likely get worse before it gets better. Luxury watches on the secondary market from brands Rolex and Patek Philippe, which sold for record-high prices earlier this year, have fallen, Bloomberg reports. It’s the first luxury sector to feel the effects of crypto’s collapse, but it’s unlikely to be the last. Why the soaring demand in the first place? In addition to crypto and stock-market gains, stimulus cash bolstered the secondhand-timepiece market, one segment of the larger luxury-goods market, which includes handbags, designer sneakers and fine jewelry, among other high-cost items. Rampant inflation and the war in Ukraine contributed to their appeal, as buyers sought tangible stores of value. Related: Why the Solution to Fast Fashion Might Be Luxury Goods Additionally, some younger buyers entered the market for the first time, including Gen Zers, drawn in part by watchmakers’ responsiveness to their interest in ethical consumerism. “As a luxury brand, we are now able to gather people at cleanup events,” Rolf Studer, the co-chief executive of Swiss watch brand Oris, told The New York Times. “Ten years ago, everybody would have said, ‘That’s crazy.’ People wanted a glass of Champagne. Now they go to the beach to collect trash.” Owners of Rolex and Patek Philippe timepieces in particular saw major benefits from the boom. At one point, the three most popular models — the Rolex Daytona, the Patek Philippe Nautilus and the Audemars Piguet Royal Oak — were fetching their retail prices many times over. Per Bob’s Watches, the Rolex Daytona, which debuted in 1963 and was made popular by acting and racing enthusiast Paul Newman, retails for a minimum of $14,550 today. (Newman’s own Daytona was recently auctioned off for $17.8 million). Now, higher interest rates, continuing inflation, and the absence of some Chinese and Russian buyers due to lockdowns and the ongoing war in Ukraine have brought that demand back down, dropping prices by an estimated 25%. While handbags and other luxury goods have yet to see a similar decline, a fall isn’t off the table, as demand for them was fueled by the same factors driving the watch market. Related: 5 Tips for Selling Luxury Products on Facebook and Instagram Only time will tell if the watches make a quick comeback, or if the threat of a looming recession takes out their luxury counterparts next. https://ift.tt/YtTjzam https://ift.tt/IipZ2Xa

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