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What happens when the free market damages the reputation of an industry's most successful brands?
Market for certified pre-owned watches is predicted to grow from a retail value of $19 billion in 2019 to over $30 billion in 2025. Here's why.
Funding round was led by private equity giant General Atlantic with participation from Aglaé Ventures, a technology-focused venture capital firm backed by Groupe Arnault, the controlling shareholder of LVMH.
Monaco auctioneer will test the market for the 2021 5711/1A steel Nautilus with a reserve price of €50,000 to €150,000.
Norbert Platt, a veteran and CEO of Richemont Group, appointed to advise pre-owned watch specialist at a time when the industry is expected to consolidate.
Months on from the Collecting Cars team moving into the business of watches, WatchCollecting.com is certainly making waves.
A switch from blue to a green dial for Patek Philippe's hottest 5711 steel sports watch has taken none of the heat out the market, in fact it is much, much worse.
After a first quarter surge, driven mainly by rumors and then confirmations of discontinued watches, prices for the world's hottest watches from the likes of Rolex, Patek Philippe and Audemars Piguet are starting to cool.
The second hand watch business is developing so much faster than the primary market, and its leading players are getting seriously rich.
Chrono24 is reporting extreme volatility for watches fueled by concurrent announcements and rampant rumours of model discontinuations.