News : World Watch Index – Week 8 Grey 1046.02 +3.01 Preloved Index 1042.96 +19.21…. Burn Baby Burn

…and we all stood back and watched the world burn….

Sorry for the melodrama, but the world of watches has officially lost it.

Basel is now in the rearview mirror and the Grey and Used market have had a few days to respond and yup the certainly have responded.

The Grey market has ticked up a notch or two and within the detail, there is nothing terribly extraordinary, AP and Tudor grey markets have continued to drop slowly and what growth there has been driven by Rolex.

However, the used market has basically taken leave of its senses.

Scottish Watches and Fears Watch Company

You will not have to be a Wall Street guru to guess where the market maker has been.

Yup the now discontinued BLNR accounts for at least 70% of the market rise, with a strong performance on the BLRO basically responsible for the rest.

It has in fact gone so crazy bonkers on used market price rises, remember we are largely monitoring price demands and not what the actual sales price is, that those who woke up on the first day of BaselWorld and realized that they now had a discontinued Rolex model in stock are now, on average, pricing higher than those with Grey Stock, specifically on BLRO Rolex.

Yup I don’t know either?!?

I certainly would not be buying anything with a Crown on it for a good few weeks, until this all settles down, but welcome to the Mad Mad Mad world of watches.

Have a great week and don’t spend money you don’t have!

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