he year 2022 represented the greatest bull run the watch industry had ever experienced. But towards the end of the year, for the first time in two years, we saw a softness in the market. This was brought on by many factors and triggered by events such as the crypto crash, looming recessions, inflation, political instability, the war in Ukraine, among many others. Yet despite the significant cooling down of secondary watch prices, according to a recently released Morgan Stanley report, watches still outperformed other asset classes (if that’s how you want to categorize watches). The report states, “Nearly all asset classes were down so far over the past 18 months, but the market for secondhand watches is actually down less in comparison to others.” Also, relative to history, secondhand prices are still
