The frenzy for pre-owned Rolex watches peaked exactly two years ago, sending the market into a slump.
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AdvertisementIt has been a rough two years in the pre-owned Rolex market.
Related storiesDesigned as a utilitarian pilot's watch, Rolex introduced the GMT in 1955 with a dedicated hand to track the 24 hours of the day.
What's more, this watch is selling on the pre-owned market for around $21,000, or nearly twice its $10,700 retail price.
Persons:
II, —, I'm, Carol Altieri, It's, Altieri
Organizations:
Rolex, Service, Pepsi, Bloomberg
Locations:
Swiss