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Boston Consulting Group says that the global market for hard luxury items — primarily watches and jewelry — is worth €21 billion today and growing at 8% per year.
Click to download Volume 2 of our Special Report on Pre-Owned Luxury Watches and the Secondary Market.
In the first half of 2020, WatchBox bought and sold over 16,000 watches with an average selling price rising from $12,000 to $18,000.
"Rolex is still on fire," says Paul Altieri, CEO of Bob's Watches and one of the most respected collectors and experts on Rolex in the United States.
WatchBox predicts prices will soften for steel Submariner and Daytona watches.
eBay insists it will be possible to authenticate every watch after it is sold on the platform and before it reaches a customer.
In Volume 1, we focus on how the secondary market has performed during the first half of this year when the Coronavirus pandemic swept across the world.
Exclusive data released by CHRONEXT reveals an initial slump as the pandemic hit, but prices quickly recovered as manufacturing freezes cut supply.
Watch the video interview to find out how Chronext plans to become the largest luxury watch trading platform in the world, and what happened to sales in the UK when Boris Johnson was admitted to hospital with Covid-19.
Chronohunter is a reverse auction site for luxury watches. Here we meet Sam Rayner and Max Nordigian, the two British entrepreneurs behind the company.