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the enduring allure of rolex daytona in the luxury watch market
The Rolex Cosmograph Daytona, launched in 1963, remains a cult icon among collectors, with its value soaring after Paul Newman’s model sold for $17.8 million in 2017. Despite market fluctuations, Rolex's resale prices have risen significantly, driven by its blend of rarity, craftsmanship, and cultural significance. The brand's recent entry into the certified pre-owned market further solidifies its appeal, ensuring that the Daytona continues to captivate both seasoned and new collectors alike.
LVMH reports strong global sales across luxury product categories
LVMH Moët Hennessy Louis Vuitton SE, a leader in luxury products, generates net sales primarily from fashion and leather goods (48.9%), followed by watches and jewelry (12.8%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). The company operates 6,097 stores globally, with significant sales in Asia (30.8%) and the United States (25.3%).
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