The WatchCharts Overall Market Index saw its largest monthly drop so far this year in August, losing 1.0% of its value. The last time we reported this index losing more than 1% of its value in a single calendar month was in November 2023.
The first full month of the second half of 2024 continues to show the market in decline. The WatchCharts Overall Market Index lost 0.8% in July, worse than the performance in June.
Through the second quarter of this year, Watchcharts has noticed that many brands at around the $5,000 to $10,000 price point on the secondary market have seen accelerated market price declines.
The long-term decline in secondary market prices continued over the course of last month. In this update, we cover the Big Three in detail as well as the performance of all key secondary market brands.
With Watches & Wonders and the associated speculation around discontinuations and new releases firmly in the rearview mirror, the secondary watch market in April 2024 has continued to follow the longer term trend of decline. In this report, we summarize the high level trends from last month, give an update on the Rolex Pepsi, and cover some of the best and worst performing collections in April.