{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Luxury Spending — Global Trends in Jewelry, Gems, Watches & Handbags","title":"The $500,000 Rolex and the Diamond Losing Its Crown: a Watch Market Split in Two and Handbags Selling Sight-Unseen","html":"","width":"100%","height":180,"duration":4,"description":"July 14: The $500,000 Rolex and the Diamond Losing Its Crown: a Watch Market Split in Two and Handbags Selling Sight-Unseen\nThis week a tech founder put a rare Rolex Rainbow Daytona up for auction near 500,000 dollars, the streetwear label Off-White entered watchmaking, and our own research found the diamond most people assume is the most valuable is quietly losing its crown. Underneath it all is one split we can now put a number on: the collectible end of the watch market is at record highs while the retail-driven stocks keep sliding. And on the handbag side, Christie's sold 5.8 million euros of bags in Paris entirely online, a sign of just how much the very best bags now trade like listed securities.\nALT/FNDATA\n- Get Started: https://altfndata.com/start\n- Market reports: https://altfndata.com/reports\n- All shows and platforms: https://altfndata.com/audio\nThe Collectible Watch Market Keeps Humming\n- A tech founder put a rare third-generation Rolex Rainbow Daytona up for auction, asking around 500,000 dollars, many times its original retail. With its bezel set in a full arc of coloured sapphires, it is one of the most coveted modern Rolex references and cannot be bought at a boutique.\n- Fresh energy kept arriving: Off-White, the label founded by the late Virgil Abloh, entered watchmaking with its debut collection, while the established houses kept releasing, from a downsized Vacheron Constantin Overseas to a sapphire-cased Hublot Big Bang.\nThe Retail Split, With a Number On It\n- A report noted that Phillips, the auction house, is now leaning heavily on luxury watches to carry its first-half sales, which tells you where the strength sits: in the auction room, not the shop floor.\n- Our own research decomposed the watch market, separating the auction prices from the listed watch stocks. The collectible end sat at record highs while the retail-driven shares kept sliding.\n- The tape agreed: Watches of Switzerland slipped again, while Swatch, the maker behind Omega and...","thumbnail_url":"https://img.transistorcdn.com/JCah08nuTRirW5vbBlgGs84Wh2JJJsbl6u0y0ofo5X8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMjIy/YjhhYjhmZTAzMzRi/OGU2MjA2YjQ3Nzc1/NjE3ZS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}