The era of cheap money is over! Inflation is hitting the markets! Stock markets have noticed this, as have the cryptos. In times of rising interest rates and restrictive monetary policy, investors withdraw from speculative markets. In Q2/Q3 2022, the market for luxury watches was flooded with supply. 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.