In fact, watches make up roughly three quarters of the secondhand sales market in the hard luxury category, according to Boston Consulting Group (BCG). That's really no surprise, however, since the pre-owned luxury watch market has been positively taking off in recent years. With a strong foothold in the pre-owned luxury watch market, they actually saw their sales increase during COVID-19 shutdowns, while many retailers found their locations shuttered and traditional brick-and-mortar brands struggled to pivot to e-commerce.
#PRE MARKET WATCH OFFLINE#
While offline sales for pre-owned watches still tend to reign supreme, the online market is quickly expanding, and WatchBox is right there at the forefront. RELATED: Our Favorite 21 Watches Under $1,000
As it turns out, you don't have to buy pre-owned watches in-person in order to relish in the luxury of an authentic, high-quality timepiece. If you fall into that category, we have some incredibly good news for you. Plenty of online marketplaces exist for buying new watches, of course, but if you're a savvy collector who prefers to purchase your timepieces pre-owned, you might be hesitant to do so virtually. Whether you're an aspiring watch collector or a haute horologist, you've probably been itching to add to your collection recently, despite the fact that many physical stores have been closed over the past year. AskMen may get paid if you click a link in this article and buy a product or service.
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