Price developments and increased interest in recent years illustrate a strong correlation between the crypto and luxury watch markets. Currently, the global crypto market is in its strongest phase since the start of the two-year bear market and is showing early signs of exuberance. Meanwhile, things are a little slower in the luxury watch market.
This provides an excellent opportunity for rotating crypto profits to diversify the portfolio. There are indications in the luxury watch market that the bottom has already been reached – similar to what happened in the crypto market a few weeks ago. The current phase therefore offers a buy-low situation, which can offer intelligent buyers and investors a strong opportunity.
ChronoPulse, Chrono24’s watch index, shows stable price developments over the last six months – especially for Rolex watches. A strong Bitcoin price coupled with the watch buyers’ market make Christmas 2023 the ideal time to invest in the timeless luxury segment. Overall, with luxury watches more popular than ever as alternative investments and gifts, there could be a synergistic market situation that will transform the secondary market.
To ChronoPulse
Make data-based purchasing decisions for your own luxury watch with Chrono24 and ChronoPulse
Chrono24 is positioned at the top of the luxury watch market. The German company has existed since 2003 and has since established itself as the world’s largest online marketplace for luxury watches. With over 560,000 watches from over 3,000 dealers and 35,000 private sellers, the platform reaches more than nine million unique visitors per month.
From Rolex to Omega, Tissot and Breitling to Patek Philipp and Audemars Piguet, over a million watches have already been sold here. The aim is always to attract hobbyists and watch lovers as well as individuals who value luxury watches as an alternative investment.
We have long been the first point of contact for watch dealers, enthusiasts and collectors when it comes to price information and the performance of individual references. Our 20-year history has accumulated an extensive treasure trove of objective data that provides an unbeatable representation of the pre-owned watch market. It is our pleasure to be able to provide this data as a service to the entire watch industry and to share it with the Chrono24 community.
Tim Stracke, co-CEO of Chrono24
ChronoPulse, Chrono24’s watch index, launched on its twentieth anniversary and draws on over 4.6 million records from two decades of historical analysis and real sales data.
It reflects sales trends, market developments and therefore a representation of the entire secondary market for luxury watches. Due to the wealth of data available to Chrono24 as the market leader, the result is an index for luxury watches that cannot be found anywhere else on the market in this quality.
The ChronoPulse Index data is updated daily and re-evaluated every six months by data analysts and industry experts. ChronoPulse users get a detailed overview of the situation on the secondary market and can therefore make informed purchasing decisions at any time.
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Alternative system or piece of jewelry: These 5 models impress under the Christmas tree
Luxury watches stand for quality, precision and craftsmanship like no other accessory. The finest craftsmanship, high-quality materials and timeless design make the timepieces not only fashion statements, but also a potential investment.
Crypto investors who benefit from the upswing are often looking to convert their earnings into physical assets. Luxury watches represent a good option – not only because of their aesthetic or emotional value, but also as a means of diversifying the portfolio.
So instead of digital winnings, would you rather wear a real watch on your wrist, keep it or give it as a gift for Christmas?
Exclusively for BTC Echo, the experts at Chrono24, based on years of experience and data analysis, present five models as the most popular watches for Christmas 2023 and the following year. There is an exciting watch for every price segment.
Audemars Piguet Royal Oak – approx. €35,000
Rolex GMT Master II 2018 – approx. €20,000
Rolex Datejust 41 – approx. 12,000 €
Omega Speedmaster Professional Moonwatch – approx. €7,000
Cartier Santos De Cartier – approx. €6,000
Chrono24 offers a comprehensive service portfolio with a large global range of new, used and vintage watches. This allows buyers and sellers maximum security, as transactions are secured by various security features such as Chrono24 buyer protection, the Trusted Seller program and an authenticity guarantee. In addition, all payments are processed via the Chrono24 escrow service, where the money is held until the customer has been able to convince themselves of the quality of the watch.
So if you invest in individual watches, as a piece of jewelry, a Christmas gift or an investment and make your purchasing decisions based on one high quality index If you want to fall back, then you’ve come to the right place at Chrono24.
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Disclaimer: Sponsored posts are paid articles for the content of which the advertising companies are solely responsible. BTC-ECHO bears no liability for the promised services or investment recommendations. The article is intended solely for information purposes and does not constitute a purchase or sale recommendation. It is neither explicitly nor implicitly to be understood as a guarantee of a specific price development of the financial instruments mentioned or as a call to action. The purchase of securities or cryptocurrencies involves risks that can lead to the total loss of the capital invested. The information does not replace expert investment advice tailored to individual needs. Liability or guarantee for the topicality, correctness, appropriateness and completeness of the information provided as well as for financial loss is neither expressly nor implicitly assumed. Posts marked “Sponsored” or “Advertisement” are published independently by, for example, guest commentators, news agencies and advertising companies. As a result, the content of the contributions cannot be determined by the investment interests of BTC-ECHO or its employees or bodies. The guest commentators, news agencies and companies are not part of the BTC-ECHO editorial team. Their opinions do not necessarily reflect the opinions and views of BTC-ECHO and its employees.
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