US luxury watch reseller sees tariffs pushing up prices

Market Trends & Tariff Impact - US watch purchases surged in April and May due to tariff concerns [1] - Primary brands are throttling supply to the US market due to tariffs, leading to price increases [1] - The market is in an uncertain state as prices adjust to the speculative tariff environment [2] - A pricing correction occurred after June 2022, with watches previously valued 40% higher [3] - The market is seeing prices creep back up due to the current tariff environment [4] Valuation & Demand - Demand for watches remains strong [2] - Many Rolex watches are still trading at double retail prices [3] - Watch valuations, while still high, have decreased from the post-pandemic boom [3][4] - The market remains frothy with massive multiples [4]