How Currency Fluctuations Affect the Watch Market
Market Wrap with Mike Manjos
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4m 59s
Through the lens of the watch market, 2021 is off to a strong start, with a boost in both buying and selling activity, and record trading values on the most iconic models. This episode of Market Wrap already marks our third of the year, and Mike Manjos continues to take stock of it all, turning his attention to the weakening dollar and what that means for prices worldwide.
Before the conversation turns to currency, we shine a spotlight on a few exceptional watches that landed on the trading floor this week, including two from Patek Philippe. The first in hand is Ref. 6007A-001, a Limited Edition Calatrava in stainless steel, introduced to celebrate the company’s new manufacture in Plan-les-Ouates, Geneva. And the second is Ref. 5036/1R-001, a handsome, classic annual calendar with a moonphase display, presented on a rose gold bracelet. Mike rounds out the segment with an otherworldly Rolex Daytona, crafted in white gold with a stunning meteorite dial.
As the head of global trading for WatchBox, Mike always has an eye on foreign exchange rates, and he’s been monitoring the steady decline in the US dollar against the strength of the Swiss franc. Tune into the episode for a discussion about currency swings, projected price increases, and the anticipated strengthening of Patek Philippe.
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Watch SKUs:
Patek Philippe Annual Calendar Moonphase - Ref. 5036/1R-001 (4395364)
Patek Philippe Calatrava Limited Edition - Ref. 6007A-001 (4395117)
Rolex Cosmograph Daytona with meteorite dial - 116509 (4395281)
00:00 Introduction
00:22 Rolex Cosmograph Daytona
00:56 Patek Philippe Annual Calendar Moonphase
01:12 Patek Philippe Calatrava Limited Edition
01:35 Changing Watch Prices?
03:55 Rising Demand
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