Prices and listings for pre-owned watches from top-tier brands, including Patek Philippe, Audemars Piguet, and Rolex, increased after the U.S. announced significant tariffs on Swiss imports in August. But the rise was short-lived, according to data compiled by Everywatch, as buyers pushed back and the secondary market stabilized after the larger-than-expected duties were implemented.
Global sales of pre-owned Patek Philippe watches by used watch dealers more than doubled to $87 million during the week the tariffs were announced, from $43 million in the previous seven-day period, Everywatch data shows. Secondhand Rolex sales also jumped to $123 million during the same week from $107 million the week before. In the next week measured, Aug. 4-10, during which the tariffs came into effect on Aug. 7, sales of used Rolex watches at secondary market dealers increased 14% to $140 million, the Everywatch data shows.
Andy Hoffman
2025-09-19 13:00:00