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Fortune
Fortune
Paige Hagy

It may be time to buy that Rolex. Luxury watch prices are nearing a two-year low now that the pandemic bling bubble is long gone

Three Rolex watches featured in a display case (Credit: Bloomberg/Getty Images)

From finance executives and Silicon Valley elites, to actors and athletes, luxury watches have long been sported by the upper echelons as indicators of wealth and class.

The “Sage of Omaha,” billionaire Warren Buffett, wears a gold Rolex Day-Date, retailing around $17,000. Actor Keanu Reeves gifted the stuntmen who worked with him on the film John Wick: Chapter 4 with custom Rolex Submariners, each likely costing upwards of $10,000. NBA star LeBron James keeps an extensive watch collection, which features models from Patek Philippe, Audemars Piguet, and more.

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