Stability in the market
As we come to the close of 2023, the market appears to be much more stable. Genuine watch lovers have come back into the market after sitting and watching on from the sidelines, and the reduced pricing has started to attract new buyers to enter the market. Confidence has grown with buyers as they are not worrying as much about prices being significantly cheaper next week. When we look across a wide variety of manufactures, a large amount of timepieces are now available to purchase for retail price, as it always was. Despite this, the more sought after models still command a premium.
Over summer this year, a historically quieter time for the industry as customers tend to be abroad with their families, we were busier than expected. Many of whom had said the correction in prices was a determining factor in entering the market again for their desired timepieces.
As we come to the close of 2023, the market appears to be more stable. Genuine watch lovers have come back into the market after sitting and watching on from the sidelines, and the reduced pricing has started to tempt new buyers to enter the market. When we look across a wide variety of manufacturers, there is a large amount of timepieces are now available to purchase for retail or under retail pricing, as it always was.
Despite this, the more sought after models still command a premium and that’s not expected to change.