Watchbox is investing $30 million in buying Rolex watches that can be restored to mint condition and will set an industry standard of quality for pre-owned pieces from the brand.
WatchBox launches specialty financial services with Luxury Asset Capital
The company is hoping the scheme will allow customers to realise a broader range of options for their timepieces.
Pre-owned luxury watch specialist WatchBox signs its first authorized dealer partner in the United States
Hing Wa Lee Jewelers, an authorized dealer in Los Angeles for Rolex and more than 25 other premium watch brands, will sell Watchbox stock and feed trade-ins to its workshops.
OPINION: Watch brands cannot control pre-owned prices on the secondary market
No matter what warranties and certification watch brands offer, it will be consumers that set the price of pre-owned product, insists Danny Govberg.
Watchbox aims to cut through the chaos of pre-owned watches and establish “standards” that define quality
The situation today is confusing for customers, and no easier for jewelers looking to participate in the growing secondary market.
BREAKING NEWS: Watchbox buys Chronofy and promotes its pre-owned watch pricing service to dealers
Chronofy helps jewelers, dealers and pawnbrokers to instantly work out prices for trade-in timepieces and mark them up for resale.
THE BIG INTERVIEW: Inside Ebay’s billion dollar luxury watch business
James Hendy, eBay's head of authentication, describes how he plans to build trust in the platform's luxury watch category.
Secondary market specialists will be bought by the big watchmaking groups, predicts Jean-Claude Biver
Chrono24, Watchbox and Chronext could be in the cross hairs for watch brands looking to seize control of grey and pre-owned watch channels.
EBay accuses Amazon of trying to steal its top sellers
Amazon employees allegedly used eBay’s messaging service to contact third party sellers.
WatchBox marks third company location as it unveils Swiss headquarters
Following the success of its US and Hong Kong divisions, the global e-commerce platform is hoping to use the Swiss branch to heighten its global commitment.
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