Used Luxury Watch Prices Stabilise, Boosted by Patek Philippe

Prices for used luxury watches rose modestly last month, led by Patek Philippe, as the market continues to stabilise after two-and-a-half years of decline.

The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded models by transaction value on the secondary market, edged up 0.1 percent in September from a month earlier.

An index of prices for pre-owned Patek Philippe watches gained 0.9 percent during the month, according to data compiled by Subdial, a UK-based watch…