Wristwatches and other luxury goods have been sold and traded online at least since EBay was founded in San Jose in 1995, ushering in the age of the digital marketplace. Chrono24, one of the leading players in the secondhand timepiece business, was introduced in 2003. But a burst in interest in collecting, combined with the pandemic’s effects on in-person commerce, caused a rocketlike acceleration in the trade of vintage watches. According to McKinsey & Co., sales of pre-owned watches, which reached $19 billion in 2019, were forecast to grow to more than $30 billion by 2025. New versions of sought-after models are increasingly difficult to come by, which has also boosted the secondary market. Where does one go for the best prices, best selection, and most trusted authentication? Read on.
FOR DEEP-POCKETED SUPERCOLLECTORS
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This story is from the February 14, 2022 edition of Bloomberg Businessweek.
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This story is from the February 14, 2022 edition of Bloomberg Businessweek.
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