Tag: Watchbox

WatchBox will enter the lucrative collectors' watch markets of UK and China by the end of this year with openings in London and Shanghai planned within the next six months.

Danny Govberg and his son Brian — third and fourth generation owners of the Philadelphia-based empire — have created Nineteen Sixteen Company as the proprietor and operator of the Patek Philippe boutique.

WatchBox has struck a deal with Origyn — a specialist in authentication, blockchain-based certification and NFTs — to digitally tag and trace its luxury watches.

1978 watch is described as a pre-owned Rolex Daytona "Big Red" (6265/0) manual-wind watch in a 37mm stainless steel case, surrounding the Daytona "Big Red" black dial with silver sub-dials on a stainless steel bracelet with folding buckle.

Three day charity watch auction is raising money for World Central Kitchen, which is supporting refugees escaping war in Ukraine.

Already present in Dubai for two years, the operation will expand to Riyadh, capital of the most oil-rich nation on the planet.

WatchBox plans to open eight new locations around the world by the end of next year, with five set to open in the next six months, including its first US satellite operations.

In the five years since its creation, pre-owned watch trading business WatchBox has generated sales of $1 billion and is currently operating profitably at annual sales of $300 million. Next year the business will dramatically increase its physical footprint with new locations opening across the United States and around the world. What is working today and how is that shaping the future? Rob Corder spoke to WatchBox global CEO Justin Reis to find out.

Timepieces from independent watchmakers like De Bethune — now majority-owned by WatchBox — are rapidly rising in value because they are seen more as works of art than timekeepers today.

WatchBox says it is on track to generate net sales of $300 million this year, up 40% over 2020, and will have accumulated total net revenue of $1 billion since launching in 2017.