Secondary Market

Chronext claim that prices are softening for Rolex on the secondary market causes global controversy but the news is refuted by Bob's Watches and StockX.

Chronext co-founder Philipp Man believes we may be past peak prices for some of the world's most popular steel sports models.

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.

Having already raised $15 million, the New York based marketplace is going back to investors for a second round of funding.

Watchbox aims to create a global network of retail partners buying and selling top end pre-owned timepieces.

Investment bank RBC Capital Market is tracking the percentage of listing for new/unworn watches versus pre-owned on Chrono24 and using the data to assess the health of the world's biggest watchmakers.

Rolex watches accounted for 20% of the total luxury watch sales on the site this year.