By Deepa Narwani
Pre-owned specialist Watchfinder has reported a strong start to 2012 with sales for Q1 up 21% on the same period last year.
With sales of over £3.3m for the period is said to show evidence of the increasing appeal of pre-owned watches amongst fine watch buyers.
Watchfinder managing director Stuart Hennell said: “Taken in context, this has to be seen as strong growth and its further evidence of the increasing appeal of pre-owned premium watches.”
Director Matthew Bowling said that watches being sold are both a luxury and investment. “Our clients invest their money in beautiful pre-owned watches knowing that in a couple of years they will almost certainly have appreciated in value. There aren’t many things you can say that about in the boom times, let alone the current economic environment.”
He added: “We have some exciting initiatives planned for the next quarter and alongside the opening of a boutique store and international development, Watchfinder is in a great position to build on this growth through the rest of the year”.