Second-Hand Watches: Patek, Rolex Prices Fell in 2024

The video discusses the contrasting trends in the luxury watch market, focusing on Rolex's price increases and the decline in secondary market prices. It highlights the primary and secondary market valuations and explores geographical insights, noting the US, UK, Japan, Italy, and China as key players. The video emphasizes the interconnectedness of these markets and the factors influencing demand and pricing.

What is the main contrast in the luxury watch market discussed in the first section?

• Rolex prices are stable while used watch prices are rising.

• Both Rolex and used watch prices are rising.

• Rolex prices have increased while used watch prices are falling.

• Both Rolex and used watch prices are falling.

How many watches does Rolex produce annually according to the second section?

• 500,000

• 2 million

• 1 million

• 5 million

What is the estimated value of the secondary market for luxury watches?

• $50 billion

• $30 billion

• $20 billion

• $10 billion

Which country is identified as the primary driver of the luxury watch market?

• United States

• Italy

• Japan

• China

Which country is known for being a tastemaker in the premium watch market?

• China

• Italy

• Japan

• United States