Aggregator
Rebound In Used Luxury Watches Continues
During the COVID-era flood of free money, from stimulus checks to the Federal Reserve's zero-interest-rate policy, luxury watch prices skyrocketed to the moon. But once that liquidity boom faded and interest rates were pushed sharply higher to rein in the inflation monster fueled by helicopter money, the secondary luxury market slid into a multi-year correction.
Over the last year and a half, however, that downturn appears to have bottomed out (see here and here), with prices continuing to rebound.
The Bloomberg Subdial Watch Index, which tracks prices for the 50 most-traded watches by value on the secondary market, bottomed in January 2025, about 1.5 years ago, and has been tracking higher ever since.
- Subdial's used Rolex index bottomed around $11,000 in January 2025 and has since rebounded to nearly $12,000.
- And used Audemars Piguet watch prices.
A more granular look at the used Rolex watch index shows the Rolex Submariner Date ...
... bottomed in the summer of 2025 at around $9,800 and has marginally increased to about $10,200 this month - still far from the $13,500 COVID-era highs.
However, price action across the luxury watch market has not been uniform and largely depends on shifting consumer tastes and the interest rate environment.
Great reads:
Industry insights:
- Did Gen-Z Just Get A Taste For Fancy Used-Watches
- "Winner Takes All": UBS Speaks With Swiss Watch Industry Insider On "Stabilizing Market"
In recent weeks, Audemars Piguet and Swatch launched an affordable $400 pocket watch that generated massive consumer demand - mostly because of the price point.
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Virginia School District Sued Over Concealing Student 'Gender Transitions' From Parents
Authored by Bryan Hyde via American Greatness,
A federal lawsuit was filed against Fairfax County Public Schools (FCPS) on behalf of an FCPS parent, alleging that the school district's "gender transition" policy violates parents' constitutional rights.
Fox News reports that the lawsuit, filed by America First Legal (AFL), alleges that Fairfax County Public Schools' Regulation 2603.3 "directs school staff to support and facilitate a student's social 'gender transition' at school without notifying parents or obtaining their consent."
According to AFL, FCPS does not make parents aware of students who are struggling with gender confusion, and does not give parents the ability to reject school-sponsored "support plans."
The lawsuit also alleges that FCPS mandates that school staff use a student's preferred pronouns and name, ability to use sex-segregated facilities based on a student's self-identified "gender identity," and "participation in gendered classes, activities, and programs based on a student's self-identified 'gender identity.'"
In a Monday press release, AFL said the filing that alleges that the school staff's facilitation of a child's gender transition without obtaining parental consent is a major encroachment on parental rights, which are superior to state authority.
The lawsuit also contends that these practices violate the United States and Virginia Constitutions, which guarantee parents the primary authority to oversee their children's upbringing, education, and religious guidance.
AFL sent a demand letter to the school district on May 1, referencing the alleged infractions and directing FCPS to completely remove the policies, or immediately stop their enforcement during revision, or make a parental notice and exemption mechanism by May 18. The school district failed to do so and the core of the regulation remains unchanged so AFL is now seeking a court order to ensure that FCPS fully complies with the law.
Ian Prior, senior counsel at America First Legal, said in a statement:
FCPS was given an opportunity to correct its anti-parent policies. It failed to do so and will now face the consequences. AFL will continue defending parental rights from woke school districts until each and every one complies with the law.
A spokesperson for FCPS told Fox News Digital, "At FCPS, every student and staff member deserves to feel safe, respected, and supported. We are committed to creating an inclusive environment for all members of our school community, including our transgender and gender-expansive students and staff."
Tyler Durden Fri, 06/26/2026 - 20:55