After the past three pandemic years largely spent hunkering down at home and conducting our business online, there is a sense of cautious excitement in the air as the world opens up again. Even though Covid-19 resulted in obstacles such as travel restrictions and temporary store closures, it also created conditions that helped to boost the interest in, and demand for, luxury timepieces.
With luxury consumers stuck at home, with fewer avenues to spend their disposable income, waiting lists for popular watches exploded and secondary-market prices were on an upward trajectory until recent months.
With 2023 opening on an uncertain note, not least because of the war in Ukraine and the Covid-19 situation in China, it’s hard to predict how the year might turn out for the luxury watch industry. But if the recent pandemic years have been any indication, the fine-watch world is a pretty resilient one. In the meantime, here are five things we are looking forward to in 2023.