Your Rolex is Not Worth What it Used to be
According to a recent study, your Rolex is not worth what it used to be. Original retail price for a Rolex Daytona, Audemars Piguet Royal Oak, and a Patek Philippe Nautilus ranged from $12,400 to $35,000. By peak 2022, prices had more than tripled. As 2022 progressed, prices declined slightly but still ranging from $44,500 for a black dial Rolex Daytona to $192,800 for a Patek Philippe Nautilus.
Source: A Collected Man; Chrono34
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ABOUT MIKE MERCURIO
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.
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