Demand for luxury watches remains high as prices moderate
April 14, 2023
Demand for luxury watches in the secondary market has remained steady as prices fell eight percent last year. “I don’t see prices going much lower,” said Francois-Henry Bennahmias, CEO of Audemars Piguet. “People still want to reward themselves, and when they want to reward themselves, they will look at the most respected companies, in watches, jewelry, fashion, you name it.”
Recent News
Woman Challenges Atlantic City Casino Over $1.2M Jackpot Dispute
In a contentious case emerging from Atlantic City, a New Jersey woman alleges that Bally’s Casino is refusing to honor her $1.2 million jackpot win, citing a slot machine malfunction.
Copper Prices Surpassing All-Time High
Copper prices have surged to a new record high, marking the latest milestone in a months-long rally fueled by financial investors anticipating imminent supply shortages.
EQT Nears $2.8 Billion Acquisition of Keywords Studios
European private equity firm EQT is on the brink of acquiring Keywords Studios, a Dublin-based video game services company, for a staggering $2.8 billion. The advanced talks between the two entities signify a significant development in the realm of video game industry mergers and acquisitions.
Red Lobster Officially Files for Bankruptcy After Abruptly Closing Restaurants
Shortly after abruptly closing many restaurants, Red Lobster is filing for bankruptcy.