Introducing ChronoPulse | The Watch Market Index from Chrono24
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- Опубліковано 3 лип 2024
- How much is your watch really worth? What is the best time to sell your watch? And what is the best time to purchase a new one for your collection?
These are questions that have haunted watch collectors for ages, especially during the unprecedented market turbulence of the last few years. Simply put, a lack of information leads to a lack of informed decision-making.
With ChronoPulse, watch lovers now have more market data than ever before. ChronoPulse is the proprietary new watch index tool by Chrono24 that tracks the development of the global luxury watch market using real-time sales data from the world’s largest marketplace for luxury watches. With ChronoPulse, we want to share this valuable information with our community, so you can make a better decision when buying a watch and to help you to understand the ever-changing watch market.
INDUSTRY EXPERTS:
Dr. Brendan Cunningham is a professor of Economics at Eastern Connecticut State University. He is also the author of Selling the Crown: The Secret History of Marketing Rolex and the founder of Horolonomics, an online publication covering the intersection of watches and economics.
Jack Wong is a renowned watch collector and accomplished banker based in Singapore. His personal collection includes major brands like Rolex, Patek Philippe, and Blancpain, and he also has a passion for independent watchmakers like Armin Strom and F.P.Journe. He has been interviewed by notable watch publications such as Revolution, Quill + Pad, and Deployant.
Kristian Haagen is a watch industry reporter and photographer based in Copenhagen. He has written more than a dozen books on watches throughout his career.
Eric Wind is one of the world’s most respected and most influential dealers of vintage watches. Before founding Wind Vintage, Eric served as VP of Watches at Christie’s auction house and was a frequent contributor to Hodinkee. He is also co-host of the podcast Significant Watches. Eric is known for his unwavering commitment to quality and for his many celebrity clients.
TRY IT OUT! www.chrono24.com/chronopulse.htm
The data of the index is updated daily, and the selection and weighting of the individual manufacturers and watch models is updated and adjusted every 6 months. ChronoPulse will continue to improve and expand in the coming months and years with specialized sub-indexes planned for the future. If you’re curious to try it out for yourself, ChronoPulse is now live on Chrono24’s website and mobile app!
0:00 Wrist Checks
2:55 Introducing ChronoPulse
5:08 Brands to Watch in 2024
6:39 The Economics Behind ChronoPulse
8:27 Listing Prices vs. Sales Prices
9:59 How Can People Use It?
12:00 Informed by Industry Experts
12:56 More Than Just Rolex, Patek, and AP
14:46 What's Next for ChronoPulse? - Навчання та стиль
Extremely useful, and very much appreciated development for the platform. Thank you to the entire Chrono24 team for providing this information. More than ever, I'm relying on your platform for general knowledge, buying, selling, and now this new index.
Enjoy it! We have so much data that we thought why not use it to help people make more informed decisions.
Thank you! This will be very helpful as an aspirational collector myself, only a few years in and learning everyday!
An interesting development. I will check it out along with other published index information. Always useful to have data driven information rather than the anecdotal information from so called experts, many of whom have been found out over the last year or so,
ChronoPulse is a very good idea on the buyers and also sellers side.
Sounds very useful and interesting. It should be an asset to collectors in building informed collections.
Thank you! In a market like today's, it helps to have as much information as possible.
@@Chrono24Official Yes 100%
I've never bought a watch because its price was "low". I don't see watches as some kind of investment, you know, like stocks or whatever. Ultimately, it's about having it on your wrist to check the time, not stashing it away in a bank vault.
You could say the same when it comes to Cars, Sneakers, baseballs etc. - A watch is a collectible item and being that a fact, I think Chrono24 is just filling a gap. This also gives people who really just want to buy a watch to wear the possibility to look if a certain model is now on the peak or not. This can save a lot of people money. To sum it up, this is a great tool, for regular buyers, collectors and sellers.
I find this information fascinating even though I largely agree with your assessment. But part of enjoying a watch is knowing that you weren’t fleeced when you bought it.
I personally think vintage Longines is still very underrated. Just so many incredible models under 2000 usd.
Lots of undiscovered gems here. I (Thomas) am actually wearing a niche 1970's Longines in this video
Thomas is a LEGEND!
how do you compare this to lets say, Watchcharts?
I’d say this is their answer to it. Measuring their index based on actual sales data.