The average prices of top models from the three leading luxury brands, Rolex, Patek Philippe and Audemars Piguet, rose at an annual growth rate of 20% in the secondary market, despite broader market downturns. In contrast, the annual growth rate of the S&P 500 index over the same time frame was 8%.

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CAGR (%) Jan 2018-Jan 2023

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Rolex, Patek Phillippe & Audemars Piguet                20%

Independants average                                                    15%

S&P 500                                                                               8%

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