Quote:
Originally Posted by DanG
I don’t know if this is true. Smart phones and Apple watches have definitely hurt the demand for watches. None of my kids nor their spouses wear a watch. They have zero interest in a Rolex even though they could easily afford one.
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The demand and secondary markets for Rolexes have been steadily increasing since 1957 and sharply increased in the last 4 years with most steel sports now getting at least $15,000 (more like $17,000), so getting near double MSRP. People buying a $15,000 watch aren't hesitating due to a $400 watch.
More importantly, Apple watches are ridiculous.