The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A"is now much larger", online-watch trading platform Chrono24 said in an e-mailed statement.
Chrono24 is based in Karlsruhe, Germany, and has more than half a million watches listed for sale on its website. Surging valuations for crypto currencies minted a new class of luxury buyers, leading to an unprecedented price increase for models particularly from brands like Rolex, Audemars Piguet and Patek.Chrono24 Co-CEO Tim Stracke said the pullback for some models represents a consolidation as prices for the most sought after timepieces fall closer in line with similar watches.
The price of a Patek Philippe Nautilus 5711A, which sells for about US$35,000 at retail, surged to US$240,000 in the first quarter, according to Chrono24. Now, the blue-dialled steel sports watch is fetching about US$190,000.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto platform Zipmex files for bankruptcy protection in SingaporeSoutheast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them last Wednesday (Jul 20), and said it was Will more cease to exist... Will it drag stocks and forex together?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Crypto platform Zipmex files for bankruptcy protection in SingaporeSoutheast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them last Wednesday (Jul 20), and said it was Will more cease to exist... Will it drag stocks and forex together?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
- $ . Bieu tuong so hiu cong nghe - in do le si a . ! . Com .
Source: BusinessTimes - 🏆 15. / 51 Read more »
Flash floods hit Indonesia's Central Sulawesi, killing 3
Source: STForeignDesk - 🏆 4. / 71 Read more »
Torrential rains cause 'devastating' flooding in Kentucky
Source: STForeignDesk - 🏆 4. / 71 Read more »
Eight children killed in Philippine bridge collapseMANILA (AFP) - Eight children were killed in the Philippines after a disused bridge they were playing on collapsed and plunged them into a river, local officials said on Thursday (July 28). The accident happened on Tuesday night in Dasmarinas City, 40km south of the capital...
Source: thenewpaper - 🏆 7. / 63 Read more »