What to Watch
The retail market for new watches is always a precursor to what will happen in the pre-owned market. Instead of releasing new models, for instance, the brands are milking their iconic models even more. We see this with the Tudor Black Bay, Rolex Daytona, and Omega Speedmaster. So we expect the demand for these models to remain strong in the pre-owned market. Also, the current surge in demand for sport models in retail will lead to a flood of these watches in the pre-owned arena in the next 2 to 5 years.