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WatchBox executives, which have been critical of Richemont-owned brands including Lange in the past, have said the German watchmaker could be "the next big thing" on the secondary market.
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.
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.
Mr Bennahmias had a restless mind during lock down and says he dreamed up a concept that will change the face of the watch industry when it is revealed.
WatchBox predicts prices will soften for steel Submariner and Daytona watches.
François-Henry Bennahmias is planning for a "dematerialization" of retail where you do not need four walls to sell a watch.
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.
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