Cooling prices on secondary market, coupled with staggering wait lists, make searching for steel subs largely pointless.
Backlash against pre-owned watch evangelist Danny Govberg comes from Richemont, the owner of direct rival Watchfinder.
watchfinder
Watchfinder poses the question as investigation exposes the advanced techniques that counterfeiters are using to produce Rolex lookalikes
Stock buy-back is wound up as group reports "right-sizing of watch inventories at multi-brand retail partners, and the adjustment of supply to the true level of end-customer demand".
Watchfinder's buy back guarantee is a not insubstantial gamble because prices are already so inflated.
Richemont’s acquisition of Watchfinder for a rumored £250 million earlier this year has sparked a gold rush of companies looking to break into the pre-owned watch business. The market, which Bain & Company says is
François-Henry Bennahmias, the widely respected CEO of Audermars Piguet, says that the prices of watches sold on the secondary market
Watchfinder.co.uk Ltd sold pre-owned watches worth £109.2 million ($138m)in its final financial year as a privately owned business, a rise of 26%.
Richemont has released its first set of financial results that show the impact of completing acquisitions of Watchfinder and Yoox
Anton Rupert Jr, son of Richemont's chairman Johann Rupert, has been appointed as a director of Watchfinder, according to a
