Was interesting to see that a couple recent reports show some very positive upward trends for card collector in March 2024.

GRADING REPORT: Per GemRate “overall grading activity set a new all-time high with over 1.7 Million cards graded on March…Total output was up 8% in March compared to February (and up 13% YoY)”

https://www.instagram.com/p/C5PEwp-uE45/?igsh=MTc2dTRpYjl3N3ppeg==

SALES VOLUME: Per CardLadder the Monthly Online Sales Volume over the past 12 months, shows March 2024 as the 12-month high at $224 Million. Additionally, the first three months of 2024 have all posted at least $200M in sales volume.


THOUGHTS: With show activity at seemingly all-time highs, record sales, and record grading volume is this just the start of an upward climb? Or is this just a sign of early year optimism and the market will see a downward trend with warmer weather and a looming election in the Fall?

Let’s hear your thoughts and predictions…

This is from a post on LinkedIn by Altan Insights (3/5/24).
Crazy to see the market dominance by Rolex...
👑 With a record-breaking 2023, Rolex now controls 30% of the luxury market. The acclaimed Swiss brand surpassed $10 billion in sales for the first time in the company's 118-year history.
⌚ The "Big 5" of the watch world, Rolex, Cartier, Omega, AP, and Patek, now command more than 55% of the luxury market.
📈 Rolex produced 1.3 million timepieces in 2023 as sales increased by 11% over 2022.
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Do you think the massive increase in production of Rolex watches will hurt values? Or there is simply such high demand that it won't matter and they will keep selling at a record pace?
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Original Post: https://www.linkedin.com/posts/altan-insights_with-a-record-breaking-2023-rolex-now-activity-7170797723565195264-CXEE?utm_source=share&utm_medium=member_desktop