Meaning of secondary market | Babel Free

Definitions

1. The financial market for trading of securities that have already been issued in an initial private or public offering.
2. The market for works of art that have been sold before.

Equivalents

Examples

“Although 4.1 million tickets were sold for the 2023 shows—including over 2 million on the first day, a new record—scalpers jacked up prices on the secondary market to more than $22,000.”

“The primary market is art directly from the artist, offered for sale for the first time. The secondary market is resale: buying, selling and trading among collectors, dealers and museums.”

“He dealt in the “secondary” market—reselling pieces that have been sold before—to individual collectors and investors who grouped together for high-value works.”

CEFR level