The WatchCharts Overall Market Index has fallen more than a third since its April 2022 peak, although it remains about 12% higher over five years. The steel Patek Philippe Nautilus 5711/1A averaged around $108,000 on November 6, 2025, roughly 45% below its nearly $200,000 peak, illustrating how far buyers’ budgets now stretch.
The WatchCharts Overall Market Index fell 0.1% in October 2025. Rolex prices dropped 1.1%, reversing growth since March, while Patek Philippe gained 2.1% and Audemars Piguet rose 0.7%. Omega led major brands with a 2.5% increase. More than half of the major brands tracked posted gains despite the overall index decline.
Why it matters · interpretationThis suggests an uneven secondary-market recovery, with Rolex and Patek Philippe diverging after largely moving together in recent years.