Fake Rolex watches make up half the luxury replica market, Watchfinder's CEO said.Rolex Half of replica watches are Rolex replicas, according to Watchfinder's CEO. The exec told Bloomberg that the brand sees the highest demand on replica markets. Meanwhile, prices for luxury watches have fallen near two-year lows on secondary markets. The replica watch market is getting more and more sophisticated, and roughly half the market is comprised of Rolex fakes, according to the chief executive of Watchfinder & Co.In an interview with Bloomberg on Tuesday, CEO Arjen van de Vall said up to 10% of the watches received from sellers last year were found to be knockoffs, with facsimile Rolexes showing up the most often.
Fake Rolex Watches Make Up Half Of The Luxury Replica Market, Exec Says
prosen@insider.com (Phil Rosen), Business Insider
Tue, 07/04/2023 - 6:01pm
Topics: fake rolex ceo arjen rolexes previously swiss richemont subdial watch index june audemars piguet royal oak jumbo ultra thin 692 president joe biden wall street bank america michael gapen business insider rolex watchfinder's ceo watchfinder bloomberg vall us exec luxury replica market van told year replicas brand highest pre-owned demand markets recession showing dropped fakes roughly
BING NEWS:
- How Bezel Is Redefining The Luxury Watch Market Through Technology
In a world where luxury and technology intersect, few companies are pioneering the fusion as deftly as the founders of Bezel, a luxury watch marketplace.
10/14/2024 - 2:03 am | View Link - Watches of Switzerland buys US luxury watch enthusiast platform
Watches of Switzerland buys US luxury watch enthusiast platform - The Rolex seller said the acquisition of Hodinkee will help it grow its audience in the US.
10/3/2024 - 9:51 pm | View Link - Fake Rolex watches make up half of the luxury replica market, exec says
But it's not just Rolex that's showing up in the knockoff market. "You see replica or clone watches — very, very high quality watches — of virtually all of the big luxury brands," van de Vall ...
07/4/2023 - 3:49 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more