Andrea Felsted, Columnist

Crypto Bros Turn Back Time on Their Rolexes, Patek Philippes

Many of those who bought luxury timepieces during the boom of 2022 have been forced to sell. But those bargains might soon run out.

A tray of Rolex watches.

Photographer: Leon Neal/Getty Images Europe
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Inflation? What inflation? It’s gotten so much cheaper to get your hands on a Rolex.

After a boom and bust in the market for pre-owned watches over the past three years, there have lately been signs of stability, particularly for Rolex. Time may now even be running out for bargain hunters, though that will depend on whether crypto bros are finished offloading their collections and if a resurgent China compensates for slowing demand in the US.