Watches

Secondary market prices, Swiss export supply, buyer wealth, and liquidity conditions for the collector watch market. Updated just now.

Secondary Prices

Primary Supply

Buyer Wealth

U.S. Household Net Worth

Collector-watch demand is heavily wealth-effect driven — cleanest macro series for buyer balance-sheet capacity.

▲ +7.9% YoY

184.1M$B

Trend YoY growth is +7.9%, accelerating by 16 bps/year over the last 25Y. Latest: +8.5%, 62 bps above trend, a 0.1σ deviation. The latest YoY reading is depressed by 92 bps due to an tough comparison base from Oct '24.

Level

YoY %

y = 3.8% + 16 bps/yr · t

Deviation from trend

Liquidity & Stress

Effective Fed Funds Rate

Higher cash yields raise the opportunity cost of holding collector watches and usually pressure prices.

▲ +0.7% YoY

3.6%

Trend YoY growth is +0.7%, accelerating by 6.0 pp/year over the last 25Y. Deviations have remained below trend for 515 consecutive periods. Latest: -0.7%, 1.4 pp below trend, a 0.9σ deviation. The latest YoY reading is boosted by 1.6 pp due to an easy comparison base from Apr '25.

Level

YoY Change (bps)

y = −0.8% + 6 bps/yr · t

Deviation from trend

U.S. High-Yield Credit Spread

Best simple market-stress series for when discretionary luxury demand and speculative inventory carrying tend to tighten.

▼ -0.3% YoY

2.9%

Trend YoY growth is -0.3%, slowing by 1.3 pp/year over the last 25Y. Latest: -1.5%, 1.2 pp below trend, a 0.4σ deviation. The latest YoY reading is depressed by 1.6 pp due to an tough comparison base from Apr '25.

Level

YoY Change (bps)

y = 0.0% 1 bps/yr · t

Deviation from trend