pre-owned watches

But a unique grand complication pocket watch from modern British master watchmaker George Daniels achieved the highest price of the sale at $2.4 million.

Respected Swiss multi-store watch business Les Ambassadeurs will start trading in pre-owned watches with Watchbox's support.

Pre-owned specialist promises customers it will buy back any steel Rolex at the same or higher price than they pay this week.

German secondary market business wants to drive international growth into the UK, Asia, Australia and the United States.

Secondary market is already worth more than $17 billion, according to Chronext co-founder Philipp Man.

Danny Govberg, co-founder of global pre-owned watch business Watchbox, wants every pre-owned Rolex sold around the world to be measured against a quality standard set by his business.

Global pre-owned platform sees total transactions increase by 30% in 2018 according to its chief executive.

London is the most likely location for an authentication centre that will check all watches on the way from sellers to buyers.