Chronohunter is a reverse auction site for luxury watches. Here we meet Sam Rayner and Max Nordigian, the two British entrepreneurs behind the company.
$850,000 Breguet 5349 Double Tourbillon turns up on Richemont's pre-owned watch trading site.
pre-owned watches
John Pietrasz, co-founder of Delray Watch and Vault 303 says when quarantines began in the United States, conversion rates grew considerably.
Vault 303 aims to bring the curation of a high end boutique to the watches it buys and sells by concentrating on modern watches priced at $20,000 and over or vintage pieces selling for upwards of $10,000.
Carr, a London-based specialist in pre-owned luxury watches, is offering loans of up to £1 million pounds to people, with valuable assets including watches, diamonds, jewellery, fine art, wine and whiskey used as security.
The secondary market for luxury watches is estimated to be worth anything from $5 billion to $15 billion per year.
Germany-based Chronext says it has secured a path to profitability with the additional venture capital cash injection.
Owners will be able to see the price they can expect for any watch made between 2006 and 2015 through the brand's website.
Cooling prices on secondary market, coupled with staggering wait lists, make searching for steel subs largely pointless.
Wholesaler has been trading in pre-owned, authenticated luxury watches, and is growing its expanding its Global Affiliate Program.