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13 November 2024, 08:08 PM | #1 |
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Rolex Submariner Watches Globally Near $50 Billion Market Value
For those who have Bloomberg, super interesting reading:
https://www.bloomberg.com/news/artic...n-market-value |
14 November 2024, 01:21 PM | #2 |
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Hard to believe “new watch” market is anywhere near $50B. At 1M watches per year, that’s an average of $50k per watch (no way)!
However, if they include preowned (not CPO) but all markets (gray, private and CPO) and new watch markets, I could see $50M on Rolex watches changing hands annually. Sent from my iPhone using Tapatalk |
14 November 2024, 01:32 PM | #3 | |
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14 November 2024, 02:19 PM | #4 |
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That is a very large number, and I don’t think they all change hands every year. I don’t have Bloomberg so I could not read the article. 50 billion is a very large amount?
I’m sure that it’s up there. That is allot a scratch… Cheers, |
14 November 2024, 10:58 PM | #5 |
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I can’t read the article, but I think it’s claiming that the asset value of all Submariners ever made is a total of USD$50billion, which seems perfectly reasonable.
If we assume that 4 million Subs exist, then that’s an average value of USD$12 500 each |
14 November 2024, 11:10 PM | #6 |
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Seems believe for all Submariners and SeaDwellers made between 1953 to today
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14 November 2024, 11:38 PM | #7 | |
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
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15 November 2024, 05:07 AM | #8 |
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My first reply post above explains it.
It looks like a reasonable estimate. |
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