Even if you have the money to burn, getting your hands on a popular Rolex model is extremely difficult.
“It’s really a perfect storm,” Wind Vintage Founder Eric Wind says on the shortage of Rolexes and high-end watches.
New lockdowns in Europe recently and the absence of tourism might make it difficult for Swatch Group to get back to 2019 sales levels this year but the world's biggest watchmaker maintains that target for now, its chief executive said on Thursday. The owner of luxury brands including Omega, Tissot and Longines as well as its original Swatch watches made a net loss last year for the first time in decades, it reported in January, as sales fell 32% from 2019 due to shop closures during the pandemic and as smartwatches made inroads into the market. Sales are picking up this year, and the group said in January that there was a good chance it would reach 2019 sales levels this year, but new lockdowns in Europe now pose risks.