The price of used Rolex and Patek Philippe watches fell to fresh two-year lows last month as demand for the luxury timepieces continues to wane amid rising supply. The , which tracks prices of the 50 most traded watches on the secondary market, dropped 1.8 percent in October to around $34,000. It is at its lowest level since 2021, and down 42 percent since a near $60,000 peak in April 2022.
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