Swiss Luxury Watches Article From WSJ

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This is not the entire article.

Luxury Swiss watches have turned back the clock, raking in sales revenue in the first half of 2018 that hasn’t been seen in years. According to NPD Group, a market research company with a watch retail tracking service, U.S. sales for watches ranging in price from US$5,000 to US$10,000 are up 14%, while sales for watches priced above US$10,000 are up 16% year-to-date.

“The market is super strong,” Reg Brack, an executive director and industry analyst for NPD Group, told Penta. Watches at such high price-points now make up 50% of the luxury watch market share, according to Brack.

NPD also reported that the accelerated growth was almost exclusively for Rolex and Patek Phillipe, which together now hold 70% of the U.S. market share for watches priced at US$10,000 and up. “Rolex and Patek are doing so well; there’s a huge shortage,” Brack says.