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posted by janrinok on Thursday August 04, @07:21PM   Printer-friendly
from the I-didn't-see-that-coming dept.

The recent swoon in cryptocurrency valuations "has directly impacted pricing of luxury watches from brands like Rolex and Patek Philippe," said the company, which is based in Karlsruhe, Germany, and has more than half a million watches listed for sale on its website...

At the same time, Stracke said trading volumes on the platform, which links dealers or private sellers with buyers, have jumped more than 50% in the first half of the year.

The price of a Patek Philippe Nautilus 5711A, which sells for about $35,000 at retail, surged to $240,000 in the first quarter, according to Chrono24. Now the blue-dialed steel sports watch is fetching about $190,000 [...]

But why the soaring demand in the first place? In addition to crypto and stock-market gains, stimulus cash bolstered the secondhand-timepiece market, one segment of the larger luxury-goods market, which includes handbags, designer sneakers and fine jewelry, among other high-cost items. Rampant inflation and the war in Ukraine contributed to their appeal, as buyers sought tangible stores of value.


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  • (Score: 4, Interesting) by janrinok on Friday August 05, @05:53AM (5 children)

    by janrinok (52) Subscriber Badge on Friday August 05, @05:53AM (#1265049) Journal

    More people than you obviously think, and I am one of them. It is far easier to look at a wristwatch than to get the phone out of my pocket - and looking at a wristwatch is not illegal when you are driving a car.

    Having a phone in your hand while driving is illegal in many countries. You should be controlling the car, not using your phone. Excuses such as 'I was using the GPS', 'I was switching it off', and 'it rang and might be my boss' are all unacceptable. It is either 'hands free' or it isn't.

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  • (Score: 3, Insightful) by stretch611 on Friday August 05, @07:52AM (2 children)

    by stretch611 (6199) Subscriber Badge on Friday August 05, @07:52AM (#1265058)

    I tend to agree with you...

    Getting my phone out of my pocket is nearly impossible while sitting down... add a seatbelt and the confines of a car and I can't even do it as a passenger. Plus, as you mentioned driving illegally.

    BUT, let me ask you a question... What car do you own that does not have a clock on display? Every car I have ever owned... including one car that was older than me all had a clock. (admittedly, it did not work in 2 of the classic cars I owned, but it was actually working in a 1971 Cadillac I used to own.) Pretty much every modern car has a clock integrated into the audio system. If you have a car with spy tech like Onstar, they have clocks integrated with that too... and set them automatically as well.

    You also mentioned GPS, which always has clocks on it, and can be set by the GPS satellites themselves. (Admittedly on this point, it might only display the estimated arrival time for your destination instead of the current time.) Not to mention people who buy handsfree systems can get mounts so they can see their phone even if they are not legally able to touch them.

    Using a watch may be your personnel preference in a car, but I doubt it is a requirement to know what time it is.

    Not a Mega Millions Jackpot winner
    • (Score: 3, Informative) by janrinok on Friday August 05, @10:42AM (1 child)

      by janrinok (52) Subscriber Badge on Friday August 05, @10:42AM (#1265072) Journal

      I can display the time, but I prefer to have my display set to show me the current fuel consumption and how far I can go before expecting to refuel. That way I can make sensible decisions regarding where to stop to refuel. Fuel being sold in the middle of nowhere is far more expensive than that being sold in a town supermarket - but knowing whether I have the option to wait until the next supermarket is a valuable piece of information.

      Unfortunately, the clock is only 1 of 6 possible display modes, and changing them is just as distracting as using a cell phone. My watch is on my wrist and usually positioned on the steering wheel where I can easily see it.

      • (Score: 2) by stretch611 on Friday August 05, @05:17PM

        by stretch611 (6199) Subscriber Badge on Friday August 05, @05:17PM (#1265138)

        fair point.

        My radio/audio/media center in my car always displays the clock when it is on. Constantly in the bottom corner (Except in dvd playback mode which can not operate if the car is not in park.) Now, if the radio/media center is off, I do have an option for the clock to remain on in the center of the display which is the default.

        My prior cars all had the clock in the middle of the dash so it was not optional at all.

        Not a Mega Millions Jackpot winner
  • (Score: 0) by Anonymous Coward on Sunday August 07, @10:26AM (1 child)

    by Anonymous Coward on Sunday August 07, @10:26AM (#1265416)

    and looking at a wristwatch is not illegal when you are driving a car.

    Most of the cars I've driven have a clock.