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Second-hand marketplaces in China have seen the price of Rolex Submariners drop by 46 per cent this year – which is shocking given that the same model was up 240 per .
The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt . Second-hand marketplaces in China have seen the price of Rolex Submariners drop by 46 per cent this year – which is shocking given that the same model was up 240 per cent in 2021. The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt-tightening shoppers.While Rolex entered the Chinese market comparatively late, they did so boldly. They strategically placed their timepieces on the wrists of top-class brand ambassadors, such as Lang Lang, Li Yundi, and Yuja Wang, and have since become the most popular luxury watch brand in China.
Rolex in the Chinese market is currently facing a huge problem of counterfeiting, meaning consumers are starting to see fake Rolex watches sold in China at much cheaper prices, watering down the brands’ prestigious image, and leading to the loss of customer loyalty
China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the founder of second-hand luxury goods marketplace ZZER. The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt-tightening shoppers. “More and more people are now aware they can sell luxury goods for some money and the buyer side is noticing that they can get a great deal,” said Zhu .
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Oriental Watch (China) Trading Co. Ltd. - Official Rolex Jeweler. Discover the experience of buying a Rolex at our store.Rolex watches are crafted from the finest raw materials and assembled with scrupulous attention to detail. Discover the Rolex collection on rolex.com.Discover the experience of buying a Rolex at an Official Rolex Retailer, exclusively allowed to sell and guarantee the authenticity of Rolex watches.Find the nearest Official Rolex Retailer in Mainland China. Official Rolex Retailers provide expert guidance on the purchase and care of your Rolex watch.
Second-hand marketplaces in China have seen the price of Rolex Submariners drop by 46 per cent this year – which is shocking given that the same model was up 240 per cent in 2021. The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt-tightening shoppers.
While Rolex entered the Chinese market comparatively late, they did so boldly. They strategically placed their timepieces on the wrists of top-class brand ambassadors, such as Lang Lang, Li Yundi, and Yuja Wang, and have since become the most popular luxury watch brand in China. Rolex in the Chinese market is currently facing a huge problem of counterfeiting, meaning consumers are starting to see fake Rolex watches sold in China at much cheaper prices, watering down the brands’ prestigious image, and leading to the loss of customer loyalty
China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the founder of second-hand luxury goods marketplace ZZER. The former venture capitalist is seeing a surge in people looking to sell their Hermes Birkin bags or Rolex watches to raise cash, as well as a jump in interest from belt-tightening shoppers. “More and more people are now aware they can sell luxury goods for some money and the buyer side is noticing that they can get a great deal,” said Zhu .
Oriental Watch (China) Trading Co. Ltd. - Official Rolex Jeweler. Discover the experience of buying a Rolex at our store.Rolex watches are crafted from the finest raw materials and assembled with scrupulous attention to detail. Discover the Rolex collection on rolex.com.Discover the experience of buying a Rolex at an Official Rolex Retailer, exclusively allowed to sell and guarantee the authenticity of Rolex watches.
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