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The price of used Rolex and Patek Philippe watches fell to fresh two-year lows last month as demand for the luxury timepieces continues to wane amid rising supply. The Bloomberg Subdial Watch Index, which tracks prices of the 50 most traded watches on the secondary market, dropped 1.8 percent in October to around $34,000. It is at its lowest level since 2021, and down 42 percent since a near $60,000 peak in April 2022. The decline comes following a surge for the most in-demand Rolex, Patek and Audemars Piguet models during the Covid-19 pandemic. Watches were more readily available on...

A California judge was ambushed and robbed of his Rolex at gunpoint by three masked men in broad daylight while he walked to work last week, police said. Alameda County Judge Kevin Murphy had parked his car at a parking garage in downtown Oakland Thursday morning and began the two-block trek to his office in the René C. Davidson Courthouse building when the suspects accosted him.

A man who posed on Instagram with two Rolex watches was killed after two women used the date rape drug GHB in an attempt to rob him. Saul Murray, 33, had been set up in a honeytrap by Surpreet Dhillon and Temidayo Awe, who seduced and stripped him. He was found naked in a pool of blood in the communal entrance to his flat in New Town Street, Luton, after their male accomplices, Ikram Affia and Cleon Brown, had been summoned because the drug had not knocked him out.

A couple are locked in a battle with a fitness club chain after a £30,000 Rolex watch was stolen from a locker room. Lee Briggs visited the David Lloyd health club in Kings Hill on June 6 this year to play tennis with his business partner. He entered the locker room to get changed and stashed his Rolex in his shoe before putting it in a locker - securing it with a padlock bought from the club. He was gone for 30 minutes but during that time the locker was broken into and the watch stolen. Mr Briggs, 40, says...

The prices of second-hand luxury goods have fallen rapidly in China over recent months, as even the wealthy cut back on their discretionary spending and sell their Rolex watches and Hermès bags to raise cash. More than a dozen popular brands of luxury watches and bags have lost between 20 per cent and 50 per cent of their value on the secondary market since Shanghai, China’s financial and commercial capital, imposed a strict lockdown in March to crush a Covid outbreak. The restrictions in Shanghai and dozens of other regions have dealt a heavy blow to small business owners, many...

Experts have revealed how shoppers have to 'build a relationship' with luxury watch brand Rolex by spending up to £100,000 on less desirable timepieces in order to pick up the latest models - as the brand tries to maintain exclusivity in the Instagram age. While the uninitiated might assume that the luxurious fashion brand would happily take anyone's money, industry insiders have explained how the process of buying an expensive watch from the designer might be slightly be complicated than that. Experts said that with demand outstripping supply, the brand has had to place limits on who can buy what...

President Biden may cast his arrival in the White House as a return to business as usual at 1600 Pennsylvania Avenue, but there’s at least one way he’s breaking from prevailing presidential tradition: he wears a Rolex.At his inauguration, Mr. Biden laid his hand on the family Bible wearing a stainless steel Rolex Datejust watch with a blue dial, a model that retails for more than $7,000 and is a far cry from the Everyman timepieces that every president not named Trump has worn conspicuously in recent decades.To many, a president wearing a luxury watch might not seem unusual. Shouldn’t...

The looters of a New York City Rolex store did not get justice, but they did get a high price timepiece on Monday night. Looters grabbed $2.4 million worth of watches after breaking into a Rolex store in New York’s Soho neighborhood, according to a New York Post report citing police sources. A video shows a huge crowd of people running toward the store, entering it, and then leaving shortly afterward.

"You OK?" the appraiser said as the man went down to the ground, heels over head. "Don't fall. I'm not done." An Air Force veteran fell backward to the ground in disbelief after learning a watch he purchased for $345.97 nearly a half-century ago could go for several hundred thousand dollars. The man, featured this week in PBS's popular show “Antiques Roadshow,” showed his virtually unworn 1971 Rolex Oyster Cosmograph to appraiser Peter Planes. The veteran, who has not been identified, explained he was stationed in southeast Asia in the 1970s when he became fascinated by Rolex watches after seeing...

She plans to "buy house and get a boob job" with her new found fortune. . A few months back, I received a call from a woman in Canada about a watch she wanted to sell. As she tells it, she was sitting on the couch one day when she dropped her phone. She stuck her hands in between the cushions to retrieve it, but instead of her phone, she pulled out a watch. Upon closer inspection, she saw that it was a Rolex. Rolex produced the manually wound Daytona ref. 6241 from 1966 to 1969, roughly. During this short...

Prosecutors were forced to drop criminal charges against a South Florida woman accused of stealing five Rolex watches — four of which were found inside her vagina during a jail strip search. Delajurea Brookens, 29, beat the grand-theft charge earlier this month when the victim, an Orlando businessman named Ramon Diaz, stopped cooperating with prosecutors. So what happens to the watches? Diaz only had proof of ownership of one Rolex, according to the Miami-Dade State Attorney’s Office. The rest will remain in the property room at the Miami Springs police department until someone files a motion with the court to...

NEW YORK - New York City police are looking for a woman who stole a man’s Rolex while the 60-year-old man slept in his Manhattan hotel room, WPIX reported. Police said that shortly after 1 a.m. on April 7, the woman also made several unauthorized transactions on the victim’s cellphone that totaled $2,000, the television station reported. The man realized what happened when he woke up at 10 a.m., WPIX reported.

New Orleans police are searching for a man accused of stealing a Louis Vuitton bag stuffed with $25,000 worth of merchandise, including 2 Rolex watches, from a Central Business District store Friday (April 6), NOPD said. Shortly after 2 p.m., the man went into the store in the 100 block of Roosevelt Way, took a Louis Vuitton tote bag, and left the business, police said

Caracas, Venezuela – In Spanish there is an old saying that goes something like this: “Tell me what you brag about, and I'll tell you what you lack." In today’s Venezuela, the folksy saying seems confirmed. While the socialist government officials often rant about “equality,” “austerity” and “anti-imperialism,” the expensive watches Chavistas flaunt, along with their travels, tell a whole different story about what their priorities are after hours. Launched in 2014, the blog Relojes del Chavismo (Chavismo's Watches) has posted more than 150 pictures of high-ranking officials wearing all sorts of expensive watches, mostly Swiss made. The list of...

A paramedic has been accused of swiping James Gandolfini‘s $3,000 Rolex as he laid dying from a massive heart attack. Claudio Bevilacqua, 43, allegedly stole the Submariner watch from “The Sopranos” star after he collapsed in the Boscolo Luxury Hotel Exedra in Rome during a family trip in June 2013, according to NBC News. He was rushing Gandolfini to the hospital that night when the timepiece disappeared, though it is unclear if it vanished from his hotel room or while the actor was wearing it

CENTURY CITY, LOS ANGELES (KABC) -- Two brazen suspects armed with assault rifles held up a Rolex store at the Westfield Century City Shopping Center Monday afternoon, firing at least one shot during the robbery. No injuries were reported. Authorities say the armed robbery happened in the 10000 block of Santa Monica Boulevard at 12:01 p.m. The gunmen went up the escalator to the mall and headed straight to the store during lunch hour. A security guard tried to stop the suspects from entering, but when he tried to shut the door, the suspect fired a round into the store....

In Britain, defending your property can get you life. Celebrity news from the United Kingdom: In April, Germaine Greer, the Australian feminist and author of The Female Eunuch, was leaving her house in East Anglia, when a young woman accosted her, forced her back inside, tied her up, smashed her glasses, and then set about demolishing her ornaments with a poker. A couple of weeks before that, the 85-year-old mother of Phil Collins, the well-known rock star, was punched in the ribs, the back, and the head on a West London street, before her companion was robbed. “That’s what you...

Squeezed by tight credit and tempted by record high gold prices, small business owners are finding an alternative to the bank: the pawn shop. More than half of the customers at online pawn shop, Pawngo, are small business owners, said Todd Hills, CEO of the Denver-based company. "These guys can't wait. They have businesses. They have employees they need to pay," said Hills. "This is a great way to solve a short-term need." Pawning is a relatively no muss, no fuss process, especially when compared to getting a bank loan. Like a bank loan, the customer is charged interest. Once...

Rolex stolen twice in a matter of minutesFinders keepers doesn't apply in every case. A Miami man is under arrest after he picked up a stolen Rolex that was dropped by a man who had just pilfered the pricey watch from a jewelry store minutes earlier. The incident happened at the Mayor's jewelry store in the Aventura Mall earlier this month. According to reports, a man stole the Rolex out of its case and attempted to run out of the store. As he was being chased by police, the suspect dropped the watch just before being tackled by the pursuing...

PHILADELPHIA, - Authorities in Pennsylvania said 7,000 counterfeit Rolex watches were crushed by a multi-ton double-drum vibrating roller at a contractor's site. The watches, seized from counterfeiter Binh Cam Tran, 53, were run over by the roller about 10 times Monday at James Morrisey Inc. in Philadelphia, the Philadelphia Daily News reported Monday. Tran was convicted of trafficking in counterfeit goods, conspiracy and nine counts of money laundering. He was sentenced to six years in federal prison in 2009 and ordered to pay $2,273,166 in restitution to Rolex USA.