Experts say myriad changes that year have shaped the market of today.
In 2017, Donald J. Trump took office as the 45th president of the United States, the #MeToo movement coalesced and North Korea conducted its most powerful nuclear weapons test to date, deepening tensions with the West.
Watch industry experts say the year was also a turning point — in luxury timepiece sales.
“That was the exact moment when the secondary market starts to go wild,” Oliver R. Müller, founder of LuxeConsult, a watch consultancy based near Lausanne, Switzerland, said. “In 2017, you saw a huge acceleration of sales of new watches, which triggered the secondary market.”
Factors that fueled demand for
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