Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 9 , 13 September 2023
Open
Access | Article
Analysis of the Reasons behind the Rise in Watch Prices
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Abstract
The prices of luxury goods are soaring. Among them, the price of luxury watches fluctuates considerably. Some styles are even out of stock for a long time. This article analyzes the reasons for the large price fluctuations of luxury watches by comparing different watch brands and types. The data in this article mainly comes from watch buying and selling websites. Watch prices can fluctuate for 3 reasons. The first is that the relationship between supply and demand determines the rise and fall of prices. Secondly, the relationship between retailer sales and scalpers also contributed to the volatility of watch prices. Finally, ordinary consumers buy watches from oligarchic merchants at higher prices, which also causes watch prices to rise a lot.
Keywords
luxury watch, prices, demand, retail salers
References
1. (MONOCHROME) ROLEX https://monochrome-watches.com/rolex/
2. (WatchCharts) Rolex 18238Day-Date President https://watchcharts.com/watch/1302-rolex-day-date-president-18238/overview
3. (WatchCharts)Rolex 116508Cosmograph Daytona https://watchcharts.com/watch/743-rolex-cosmograph-daytona-116508/overview
4. Paul Altieri (Mar 02,2021) (Bob’s Watches) Why Is It So Hard to Find the Rolex Daytona? https://www.bobswatches.com/rolex-blog/rolex-news/why-is-rolex-daytona-hard-to-find.html
5. (MONOCHROME) Patek Philippe https://monochrome-watches.com/patek-philippe/
6. Evan Wong (Dec 12, 2021)(HYPEBEAST) Patek PhilippeThe first "TIFFANY BLUE" commemorative watch was hammered with $6.5 million https://hypebeast.com/zh/2021/12/tiffany-co-blue-patek-philippe-nautilus-5711-6-5-million-usd-phillips-new-york-auction-price
7. (WatchCharts) Tudor https://watchcharts.com/watches/brand/tudor
8. (MONOCHROME)Omega https://monochrome-watches.com/omega/
9. John Steiger ( August 17, 2021) (JAZTIME BLOG) What is Causing Luxury Watch Prices to Skyrocket?https://www.jaztime.com/blog/luxury-watch-high-prices/
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-45-4
- ISBN (Online)
- 978-1-915371-46-1
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/9/20230362
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited