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Investing in luxury products while being careful of counterfeiters RSI Info

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Published on Jan 18, 2023

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Months and months of waiting to buy a Rolex or a Patek Philippe and for the most sought-after models you have to wait even several years, so much so that some retailers have given up accepting waiting lists. Swiss watchmaking has the wind in its sails; the year just ended marked a record in exports, which reached the figure of 25 billion francs. A boom dictated by passion, but also by the search for a safe investment that has also attracted many speculators looking for easy profits. This is demonstrated by the creation of a parallel market of new watches, sold at increased prices, sometimes much higher, than the list price. And while the vintage market has also reached record figures, the phenomenon of counterfeiting is worrying the trade associations. According to an estimate by the Swiss Federation of the Watch Industry, fakes generate damage to the sector of two billion francs per year and the loss of 4,000 jobs. Falò's in-depth analysis illustrates the secrets of the market, collects the testimony of collectors, reveals the tricks of counterfeiters. Studio guests: Alessandro Recalcati, Co-President of the Ticino Watch Industry Association and Micol Bozino Resmini, a journalist specializing in the watch industry. All episodes of Falò can be found on the website www.rsi.ch/falo.

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