The era of cheap money and rising markets is over. The stock markets have noticed this, as have the cryptocurrencies. In times of rising interest rates and restrictive monetary policy, investors are withdrawing from speculative markets. In Q2 and Q3 2022, the market for luxury watches segment has also been impacted. The WatchChart Overall Market Index for the secondary market of luxury watches has slumped by almost 25% since its peak in March 2022 and has fallen back to the level of October 2021.