Rolex Listings Are Swelling, a Sign of Potential Price Pressure

(Data: WatchCharts)

Rolex supply on the secondary market continues to swell following Watches and Wonders and has reached levels reminiscent of the 2022 speculative bubble burst.

Reliable data on secondary-market prices are hard to come by, as buyers and sellers often negotiate prices privately. But the number of watches offered for sale can serve as an early indicator of market conditions. Rising supply on the secondary market could signal downward pressure on future prices.

As previously reported on Coronet, new Pepsi listings hit an all-time high in the seven days following the discontinuation announcement, as sellers rushed to capitalize on the news. But the sudden surge in supply is now having the opposite effect, pushing Pepsi prices lower. WatchCharts said the GMT-Master has become the worst performing model when comparing prices from April to May. So far, this trend has also continued into June.

Among the Rolex models tracked by WatchCharts, the number of new listings on watch marketplaces reached record highs in April and May, while overall supply kept swelling. That marks a departure from the trend since the 2022 market correction when inventory had generally been declining. “This suggests a sell-off of inventory that was likely purchased speculatively, similar to what we saw during the watch market bubble in the early 2020s, albeit on a much smaller scale,” WatchCharts said.

The increase in supply could put downward pressure on prices, though price movements often lag changes in supply and demand. In 2022, while demand had already weakened by February, prices did not begin to decline until April. In other Rolex news, the brand implemented a round of retail price increases on June 1st for gold pieces, further widening the gap between retail and secondary prices since last month. Retail prices for gold models increase by an average of 5.0%, while two-tone models increased by an average of 2.5%. Stainless steel, platinum, and titanium models were unaffected.

Frank Abagnale’s Rolex, Inspired by ‘Catch Me If You Can,’ Is for Sale

Buy it if you can. (Photo credit: Artisans de Genève)

The customized Rolex GMT-Master II created by Artisans de Genève for Frank Abagnale Jr., whose exploits inspired the Leonardo DiCaprio film Catch Me If You Can, is on the market. A Texas-based dealer recently listed “The Uncatchable” project for $49,995. The resale is the latest sign bespoke Rolex watches, once dismissed by collectors, are increasingly taken seriously in the secondary market, as more celebrities, from Spike Lee to Adam Levine, enlist Artisans de Genève for custom projects.

Abagnale's watch began life as a 2015 Rolex GMT-Master II reference 116710BLNR before being transformed by the Geneva workshop in 2023. "Despite being in a state of severe wear and tear, Frank’s GMT timepiece had been dear to him for years," Artisans de Genève said when it unveiled the watch. "The watch held the most memories and was the best candidate for his personalization project."

The project was unveiled in 2023 as a one-off personalization inspired by Abagnale’s life story, popularized by the Steven Spielberg film in which DiCaprio portrays him posing as a Pan Am pilot. Artisans de Genève reworked the modern GMT-Master II with vintage-inspired details including an aged cream "albino" dial, a bakelite-style two-tone bezel insert, a riveted bracelet and a period-style date wheel, aiming to evoke the look of Rolex GMT models from the 1960s.

Frank Abagnale Jr. (Credit: Artisans de Genève)

A New Rolex Book Makes Its Debut in Shanghai

Rolex’s latest book. (Via Instagram)

There are scant details about Rolex’s newest book by Nicholas Foulkes, the third in a series. But images of the publication surfaced at the opening of Rolex’s exhibition at the West Bund Dome in Shanghai, held from June 10 to June 28, 2026.

Rolex and Wallpaper have once again partnered to publish Oyster Perpetual: The Quintessential Rolex Watch, written by Foulkes. Its cover features the Oyster Perpetual 41 in yellow Rolesor, the commemorative model introduced this year to mark the 100th anniversary of the Oyster case. The publisher has yet to provide any details on its website. The book was displayed at the Shanghai exhibition, whose opening was attended by Rolex Testimonees and executives, including Arnaud Boetsch, Rolex’s Director of Communication and Image.

The display also announced that the Chinese-language edition of Oyster Perpetual Datejust: A Watch That Made History, also by Foulkes, is now available for pre-order, with shipping scheduled to begin on Oct. 1, 2026, in a sign Rolex wants to deepen engagement with Chinese collectors about the history of the brand.

With Its Favorites Gone, Rolex's Bet Paid Off

Mirra Andreeva. (Photo credit: WTA)

Just last year, Rolex signed a 17-year-old tennis player named Mirra Andreeva. The brand decided to add the Russian teenager to its exclusive roster of tennis players after she had just been eliminated in the fourth round of the Australian Open. This magazine was first to report the news of her signing.

A year later, that incredible bet paid off when Andreeva won Roland-Garros on Saturday, the latest sign of Rolex's ability to spot talent. She became the first player, man or woman, born after 2005 to win a Grand Slam. For Rolex, signing Andreeva looked more and more like a genius move as the tournament went on. The Russian quickly became the only Rolex Testimonee left in a tournament heavily sponsored by the brand, as several favorites, including Jannik Sinner, Ben Shelton, Coco Gauff and Iga Świątek, were unexpectedly eliminated in what was an unusual year. To compare, three of the four singles finalists at Roland-Garros last year were Rolex Testimonees.

Rolex's backing of Andreeva when she was just 17, which ultimately allowed the brand to feature her a year later in its "This Crown Is Yours" campaign reserved for champions, is the latest example of its competitive advantage beyond watches. Few watch brands — and few luxury brands in general — have matched Rolex's ability to spot talent that later embodies the company's values.

Once Off-Catalogue, Rolex Brings Jubilee Gold to Rolex.com

(From Rolex.com)

Two Day-Date models that were introduced as off-catalogue pieces have now appeared on Rolex's official website, a sign the company may have changed its mind about keeping some of its most exclusive watches out of public view.

Rolex does not formally use the term "off-catalogue," but it generally refers to watches produced in small quantities that are not listed on Rolex.com and are offered primarily to clients with significant purchase histories. At Watches and Wonders in Geneva, Rolex referred to such pieces as "Exceptional Watches."

The two models now featured on Rolex.com are made in the new Jubilee Gold alloy and fitted with either a light green aventurine dial or a textured gold-leaf dial. Rolex has created dedicated product pages for both watches, complete with reference numbers and specifications, despite introducing them under the "Exceptional Watches" category alongside the new Rolesium Daytona with a white enamel dial. The Daytona in Rolesium remains absent from Rolex's website.

The move is the latest sign that Rolex may be seeking more visibility for some of its recent innovations, including its first new gold alloy in years. The new Jubilee Gold alloy, along with the aventurine and gold-leaf dials, likely required significant investment in research and development. Their appearance on Rolex's website would allow the brand to showcase its expertise in metallurgy and dial making to a wider audience while still maintaining control over allocation.

The Man Who Designed the Apple Watch Now Wears a Rolex

Sir Jony Ive and Cleo Abram. (Photo credit: Cleo Abram via Jake’s Rolex World)

The chief designer behind both the Apple Watch and the iPhone — the most revolutionary consumer product in a generation and a device that has transformed the daily lives of millions of people — now wears a Rolex Daytona. The watch was first spotted by Jake's Rolex World in a video released last week about Ferrari's new EV.

Sir Jony Ive, who spent 27 years at Apple, is seen speaking with video journalist Cleo Abram while wearing a platinum Daytona. Another photo shows him wearing the same watch while standing alongside Piero Ferrari, the son of Ferrari founder Enzo Ferrari.

That a former technology executive wears a mechanical watch is nothing new. But Mr. Ive helped create not only the iPhone, one of the most influential consumer products ever made, but also the Apple Watch, a device that within a few years was outselling the entire Swiss watch industry. Today, the fact the architect of both revolutions wears a Rolex bookends a saga that seemed impossible when Apple first entered the watch business 12 years ago, raising fears of a new Quartz Crisis.

Rolex never publicly commented on the Apple Watch, but it correctly recognized the smartwatch was not a direct competitor, even as it disrupted the lower and mid-priced segments of the Swiss watch industry. Still, Apple’s constant innovation in watches is reminiscent of an earlier era at Rolex, when the brand pushed the boundaries of what a wristwatch could do with waterproof cases, self-winding movements and multiple time zones.

Since then, the smartwatch has helped define Rolex by showing consumers what Rolex isn’t selling, and in the process, it may have made mechanical watches even more desirable. Judging by Mr. Ive's choice of wristwear today, Rolex is not simply a survivor of the smartwatch revolution, but seems to be one of its winners.

Marc Newson, Sir Jony Ive and Piero Ferrari in the Ferrari archives. (Photo credit: Cleo Abram via Jake’s Rolex World)

At a Swiss Fair, Rolex Will Showcase Everything but Watches

(Photo credit: Comptoir gruérien)

At the few watch fairs where Rolex exhibits, visitors are often willing to travel thousands of miles to see the brand's latest releases alongside historic pieces from its archives. But later this year, Rolex will take part in an exhibition unlike any it has ever staged. It will contain no watches.

The project, which is expected to attract even more visitors than Watches and Wonders, will be held not in Geneva, Dubai or Shanghai but in the Swiss countryside, in a region better known for dairy farms, medieval villages and Gruyère cheese than luxury watches.

Still, organizers expect more than 100,000 visitors over 10 days at Espace Gruyère in Bulle, an annual regional fair that will bring together more than 200 exhibitors. For the first time, Rolex's booth won't be nestled among Patek Philippe, Vacheron and Cartier but will share the exhibition hall with local sports clubs, Fribourg's cantonal bank, regional utility companies and businesses from agriculture, insurance, retail and timber.

For Rolex, the appearance is not about showcasing its latest products but about using a 300-square-meter stand to present itself as an employer and industrial neighbor, highlighting its history, the vast manufacturing campus rising in Bulle, and the trades and training programs that support its operations. Rolex is planning on opening a new watchmaking training center in Bulle.

Scheduled to run from Oct. 22 through Nov. 1, the exhibition is the latest sign of Rolex having to think beyond watches, as it expands deeper into the local economy, especially as it seeks to recruit thousands of workers for one of the largest industrial projects currently underway in Switzerland — in what is likely the most rural setting for a Rolex manufacture yet.

For Rolex, Defeat Can Be Part of the Story

Jannik Sinner. (Credit: Roland-Garros via YouTube)

One of Rolex’s top Testimonees and the dominant force in men’s tennis, who had been on a 30-match winning streak, lost in just the second round of Roland-Garros on Thursday, in a Grand Slam tournament heavily promoted by the brand. In a post-match news conference, Jannik Sinner, who was wearing a Daytona, said he had felt dizzy in the Paris heat. Images of the world No. 1 tennis player bent over on the clay in apparent pain and exhaustion spread across sports media. At one point, Sinner was in such a bad way that he left the court for treatment.

Still, a Rolex's top Testimonee's early elimination is not entirely negative for the brand image. Since 2025, when Rolex changed its tagline to "Reach for the crown," it adopted a new philosophy that makes a deliberate effort of showing the struggles Testimonees faced before achieving success. "Reach for the crown" only matters when it reflects the long road taken to reach it, including the setbacks along the way.

When unveiling the tagline, Rolex showed Tiger Woods dropping to his knees not in triumph, but in searing pain at the 2013 Barclays after a shot headed dead left into an algae-covered water hazard 40 yards from the green. “That’s basically when I broke my back,” Woods later said in another Rolex-produced video describing his back injury. “That was a very dark and difficult time,” he said.

Rolex's new tagline is an interesting departure from its earlier slogans. For hundred years, from Mercedes Gleitze’s channel swim to “Men who guide the destinies of the world wear Rolex watches,” and more recently “A crown for every achievement,” Rolex highlighted only the success while eschewing the struggle that preceded it.

For Rolex, this week’s images of Sinner struggling to keep the ball in play, growing dizzy as cramps crept up his legs and crouching at the back of the court may prove as valuable as a clip of him lifting the trophy with a Daytona on his wrist. Under its new marketing philosophy, such scenes are part of the story of success and will likely find their way into future Rolex films.

As Rolex Heists Spread, Even Switzerland Becomes a Target

Boutique in Crans-Montana, Switzerland. (Credit: 20Minutes)

The smash-and-grab Wednesday night in one of Switzerland’s most polished Alpine resorts, allegedly carried out by a 21-year-old suspect who rammed a stolen car into a Rolex boutique, is the latest sign that a Rolex store in the Alps now faces many of the same pressures as one in London or Paris.

The young man, who was tracked down by a police K9 unit after authorities launched a major search operation and found the stolen vehicle abandoned on the side of the road, highlights a paradox Rolex increasingly faces. As the brand reaches record levels of desirability and exclusivity, its retail locations have never become more attractive to criminals, even in a country known for discretion and low crime.

Social-media algorithms are exposing young viewers to luxury watches more than ever while a K-shaped economy keeps youth unemployment and cost-of-living pressures high in parts of Europe. The burglary in the Swiss town of Crans-Montana reflects a trend previous Rolex CEOs did not necessarily face. As the brand’s desirability reaches new highs, criminals are equipped with smartphones that have instant access to market values, resale premiums and WhatsApp groups. The heist came less than two weeks after the Audemars Piguet x Swatch “Royal Pop” release sparked mob scenes, pepper spray, store closures and arrests at malls.

But the latest incident may also strengthen the argument for Rolex’s growing preference for large flagship boutiques over smaller regional stores. Bigger locations can justify multi-million-dollar investments in reinforced façades, controlled entrances, private security, surveillance systems and secure inventory handling that smaller boutiques often cannot economically match.

In a Push Beyond Western Social Media, Rolex Joins Japan’s Dominant App

(Photo credit: Rolex via LINE)

After WeChat, Weibo and Douyin, Rolex has joined another major social network in Asia, this time Japan’s largest, a sign the brand wants a more direct relationship with Japanese customers without relying on Western or Chinese platforms.

By joining LINE, Rolex is gaining unprecedented access to one of Japan’s largest communication systems in a country known for its deep culture of watch collecting. The app was launched after the Tōhoku earthquake and tsunami exposed the fragility of traditional telecommunications networks during emergencies. It quickly evolved into a digital ecosystem that includes payments, shopping, news and entertainment. LINE’s penetration is estimated at more than 80% of Japan’s population, with around 99 million monthly active users, while the service also remains dominant in markets such as Taiwan and Thailand, regions that remain critical to luxury watch demand, as China’s economy remains sluggish.

(Data: Humble Bunny)

For Rolex, being part of a Japanese platform matters because the country’s social-media landscape is unusually fragmented compared with the U.S., with different services dominating different forms of online behavior. In terms of overall influence and daily penetration, LINE ranks ahead of all social media platforms in Japan, including YouTube and Instagram. Rolex's decision to join LINE but to remain absent from TikTok, Snapchat, Discord and Reddit is another sign the watchmaker carefully chooses where it maintains a presence, preferring channels where brand image remains polished.

Rolex’s Biggest Partner Posts Record Year Fueled by U.S. Market

Watches of Switzerland Group share price (GBX), last 6 months. (Data: LSEG)

Watches of Switzerland Group (WOSG) last week reported record revenue for the financial year. The U.S. is now the majority of both sales and profit, with U.S. revenue reaching $1.24 billion, up 24% year over year. Chief Executive Officer Brian Duffy called that “a major milestone” achieved eight years after the company entered the U.S. market.

Two months before the results, in March, Coronet highlighted WOSG’s stock potential, arguing that one of the few ways to ride Rolex’s extraordinary performance was through its largest publicly traded retail partner. Since then, WOSG shares have surged more than 50%.

The argument in these pages has been that the U.S. market remains highly fragmented and WOSG is among the few retailers with the resources to consolidate part of Rolex’s network, a model now favored by the brand. Rolex has been consolidating distribution around large, well-capitalized partners capable of investing in multi-million-dollar flagship boutiques, such as WOSG’s new Bond Street location. In the U.S., a similar trend is emerging as mom-and-pop retailers close and supply shifts toward larger partners capable of building dedicated Rolex boutiques. It is still this magazine’s view that WOSG’s expansion runway in the U.S. is underappreciated, even after its latest acquisition, Deutsch & Deutsch in Texas.

While WOSG shares fell in 2023 following Rolex’s announcement it would acquire Bucherer as investors feared the brand would favor its newly owned retailer, that has not materialized. For Rolex, weakening a century-old partnership with WOSG, the largest luxury watch retailer in the U.K., would make little sense, especially as Rolex has shown no interest in acquiring additional retailers, a position confirmed by its CEO last November.

Now that the U.S. represents the majority of both sales and profit, Coronet believes WOSG would do well to move its stock market listing from London to the United States. A U.S. listing could attract more investors, increase analyst coverage and support a higher valuation.

A Wildlife Explorer Joins Rolex’s Celebrity Universe

Bertie Gregory. (Photo credit: Rolex)

Rolex's newest Testimonee is Bertie Gregory, an award-winning wildlife explorer, filmmaker, photographer and one of the youngest cinematography winners in BAFTA history. This is great news as Coronet has argued for more explorers and fewer athletes in Rolex’s roster, which now tops 150 Testimonees — the majority of them golfers — making it the largest ambassador lineup of any watch brand. Rolex first partnered with Gregory in April 2025, when he received the coveted Rolex National Geographic Explorer of the Year award. But it was only this year that the brand officially added him to its roster of Testimonees. (Gregory is wearing a black-dial Explorer II, this reporter’s daily watch.)

Gregory’s most recent project is Secrets of the Bees, produced by James Cameron, another Rolex Testimonee. It is not the first time Cameron has backed Gregory’s wildlife documentaries, which have covered everything from penguins to whales, sharks, pumas and cheetahs in some of the world’s harshest environments. Gregory said Cameron, himself an avid beekeeper, took a particular interest in the latest film. Beyond filmmaking, Gregory also leads a conservation impact campaign aimed at turning attention into action, including on social media, where he has more than one million followers on Instagram alone. His appointment is the latest sign of Rolex’s effort to strengthen its image around exploration, not just celebrity and sport, as the brand enters its next century.

Rolex Set to Release New Roland-Garros Campaign

Time standing still. (Photo credit: Rolex)

Rolex is gearing up for the second Grand Slam tournament of 2026, when the world’s top tennis players return to Stade Roland-Garros in Paris on May 24. Rolex will soon release a promotional clip titled “Rolex & Roland-Garros: History Written in Clay,” which opens with the line: “Welcome to Paris. The matches tend to be epic.”

It was 12 months ago that two Rolex Testimonees, Carlos Alcaraz and Jannik Sinner, contested the longest final in the tournament’s history, lasting 5 hours and 29 minutes. A day earlier, fellow Testimonee Coco Gauff claimed her first Roland-Garros singles title. It was a strong weekend for the brand, as tennis players do not wear watches during matches, only if they lift the trophy.

The new Rolex video, currently unlisted on YouTube, features the Land-Dweller in Everose gold, marking the first time the brand’s newest Classic collection has appeared in a sports promotional clip. The Land-Dweller has quickly become one of Rolex’s most sought-after models and currently commands higher secondary-market premiums than any model, including the Daytona, according to data from WatchCharts. The brand also places the Land-Dweller at the very top of its “Rolex watches and accessories” page, ahead of even the Day-Date.

Rolex Leans Into Storytelling With a Touring Exhibition

An attractive field at the “Oyster Story” exhibition. (Credit: That Watch Podcast)

Rolex might not have a museum, but it is making use of its rare collection of vintage watches by exhibiting them around the world. Reservations for Rolex’s new “Oyster Story” exhibition in Shanghai became available on Monday on its official website, after the display debuted at Watches and Wonders Geneva. The exhibition is becoming a tradition following last year’s showcase of rare GMT-Master models, complete with thematic panels and a documentary film.

The exhibition, which will take place next month and will likely make several stops throughout the year, is Rolex’s latest attempt to stimulate demand in the region as the luxury industry faces headwinds in Asia. Swiss watch exports to China have fallen -34.8% in two years, according to the latest data from the Federation of the Swiss Watch Industry FH.

The traveling display is another example of how Rolex continues to lean on its adventure-filled history, even as the brand moves further into luxury. This push-pull between tool-watch storytelling and high-end positioning is not unique to Rolex. Each year, Swiss brands ship fewer but more expensive watches, according to export data. Still, as Rolex’s catalog grows more opulent, the brand is also intensifying its storytelling through books, exhibitions and long-form videos.

“The exhibition explores Hans Wilsdorf’s founding intuition,” Rolex said. “It reveals how his pioneering vision, which shaped the identity of Rolex and the world of watchmaking, is carried forward today through numerous technical innovations and the many partnerships forged by the brand.” The exhibition opens June 10 at the Shanghai West Bund Dome and runs through June 28. Admission is free, though reservations are required.

After 100 Years, Rolex Experiments With a New Kind of Watch Case

Rolex lightens up. (Photo credit: Rolex)

According to a patent published Wednesday, Rolex may be rethinking how it has built watches for the past century with a radically different case construction. Instead of machining the case from a solid block of metal, Rolex proposes a composite architecture built around a rigid “skeleton” filled with inserts made from another material. Rolex says the goal is to create a watch that is lightweight, durable and visually appealing.

The patent, which was first discovered by Nick Gould, is the latest sign Rolex is investing in composite case technology, potentially for future ultra-light watches or high-performance models. The comparison with Richard Mille, which has helped legitimize ultra-light, high-tech composite watches in haute horlogerie, is difficult to avoid.

“In summary, the invention makes it possible to combine two major objectives ... that had not previously been achieved,” the patent read. “It allows for the creation of a component that is both lightweight and mechanically robust, while also being aesthetically attractive.”

The patent is interesting because Rolex appears to be exploring materials rarely associated with the brand’s typical case construction. The skeleton — the frame supporting the crystal, caseback, bezel, crown and bracelet — could be made from titanium, titanium aluminide, ceramic or other metals and composites, while the inserts may use high-performance thermoplastics.

This is not the first time a watch brand has used composite materials. But most composite watches still rely on traditional case construction inside, whereas Rolex appears to be rethinking how the entire watch case is built. The patent goes beyond using composites for the exterior shell, with a new architecture built around a rigid frame and fused inserts, closer to aerospace engineering than watchmaking.

What Rolex’s New Video Reveals About Its Next 100 Years

The new face of adventure. (Photo credit: Rolex)

Just one day after its release, Rolex’s new video celebrating 100 years of the Oyster is already among the most viewed on the brand’s 14-year-old YouTube channel. With 33 million views in 24 hours, it places third in Rolex’s massive content library, which nears 1,000 uploads. At 23 minutes, it is also one of the brand’s longest videos, a format now favored by YouTube’s algorithm as more viewers consume content on TV screens, where audiences are less likely to skip advertisements.

In the final minute of the video, which beautifully recounts the history of the Oyster and its century-long legacy of adventure and exploration, the voiceover looks to the future, saying there “always will be new boundaries to break, worlds to discover, history to be made. And Rolex will be there, standing alongside the next generation of pioneers.”

But the rapid-fire montage tied to those remarks has little to do with pioneers, pilots, divers or polar explorers breaking boundaries or discovering new worlds. Instead, it shows tennis players, golfers, skiers, actors, musicians, equestrians and yachtsmen — celebrity athletes basking in victory. Rolex’s “next generation of pioneers” is making history at Wimbledon, in Augusta, at the Oscars and in concert halls worldwide.

In the next 100 years, it is hard to imagine Rolex not leaning further into sports and exclusivity, as it now counts a record 153 Testimonees and sponsors more elite sporting events than ever. Since 2025, it has also included actors for the first time. The only explorer shown in the final montage is filmmaker James Cameron during his Mariana Trench expedition 14 years ago. Since then, Rolex has stopped supporting exploration for discovery’s sake, focusing instead on exploration tied to protecting the planet, an important and laudable goal for its next century.

Still, those planet protectors, from Alain Hubert to David Doubilet, Sylvia Earle or Dawa Yangzum Sherpa, account for less than 10% of Rolex’s overall roster of Testimonees. If the brand wishes environmental exploration to define its next century, it may eventually need to give such figures a more central role than that presently occupied by Roger Federer, Zendaya or the PGA Championship.

The Rolex Pepsi Boom Is Already Cooling

Popping the bubble. (Data: WatchCharts)

The market consensus seems to be that the Pepsi is not gone for long. Or at least that buyers’ willingness to pay meteoric prices has quickly reached a ceiling after the model’s discontinuation less than a month ago. That’s according to the latest data from WatchCharts, which show Pepsi prices are now trending down.

Rumors of its discontinuation began circulating at the start of the year, driving secondary prices higher, as reported in these pages. The stainless steel 126710BLRO, by far the most popular of the trio, saw the biggest gain, while the two white gold variants appreciated as well. Older Pepsi references also benefited from the discontinuation rumors, WatchCharts said.

Now, prices of the Pepsi references have started to decline, a sign the market may have overestimated the model’s desirability following the discontinuation. The resurrection of the Yacht-Master II just two years after it was removed from the catalog has also eased fears that the Pepsi will be gone for long. WatchCharts said the number of listings steadily shrank from early February through the mid-April announcement, as buyers feared missing out and dealers stocked up on pieces ahead of Watches and Wonders, removing even more inventory from the market. New Pepsi listings hit an all-time high in the seven days following the discontinuation announcement, as sellers rushed to capitalize on the news. But the sudden surge in supply is now having the opposite effect, pushing Pepsi prices lower.