• Time to get a watch? What to know about buying preowned

    23 days ago - By Chron

    NEW YORK - Luxury watches have long been a symbol of the wealthy. That's changing thanks to a booming trade in preowned luxury watches, driven by a growing number of specialized retailers. Established luxury watchmakers and dealers are also getting into the trade.
    "Retailers seem to get much more excited about selling preowned than new because they can set the price," says Ariel Adams, founder of aBlogtoWatch, the foremost authority in watch blogs.
    From a vintage 1930s Cartier Tank to a gently worn 2017 Rolex Sea-Dweller, there are deals to be had. Here's a guide on how to score one:
    WHERE...
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  • Watch geeks drive booming trade in preowned pieces

    23 days ago - By Chron

    NEW YORK - Around two dozen traders sit in an open-layout second floor of a building in suburban Philadelphia. Surrounded by computer monitors, loud conversation and ringing phones, the energy on this trading floor is high and the commodity is blingy.
    At the headquarters of Govberg, they're not dealing in diamonds or gold but preowned luxury watches, of which company sells about $200 million worth a year.
    Some 100 miles northeast, 23-year-old Christian Zeron sits in his parents' dining room in suburban New Jersey looking at around 30 preowned vintage watches. In a few days, he'll put them...
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