Rolex CEO welcomes Watchbox partnership with world-leading authorized dealer.
https://youtube.com/watch?v=FJgt6fC4RB4
In this post
As non-authorized dealers are not bound by strict Rolex contracts, they are able to embrace free market principles, adjusting their prices based on supply and demand. They are also able to sell watches through online stores, which is forbidden for Authorized Dealers.
Who owns the WatchBox?
In an interview with CNBC on Monday, WatchBox CEO Justin Reis said the company is on pace for $300 million in net revenue this year, and could seek an IPO in the future. WatchBox has an inventory valued at $150 million.
Who is WatchBox?
Fueled by technology, innovation, and unmatched global experience in the high-end watch market, WatchBox is the world’s leading platform for buying, selling, and trading pre-owned luxury watches.
Is the WatchBox legit?
The truth is that Watchbox is a legitimate business, and it owns all of its inventory. Every time Watchbox purchases a watch, a trained watchmaker takes it apart and authenticates it. This means that whenever you purchase a watch from Watchbox, you’re guaranteed to get the real thing.
Is it worth buying a Rolex on the grey market?
Grey market dealers have built extensive networks and strong relationships over the years that help them find any watch you wish to have. These watches can be popular brands like Rolex that may be high in demand at an authorized dealer and come with a wait time of years.
Is WatchBox owned by govberg?
Danny Govberg remains the key local co-founder. He’s the third-generation owner of the firm — which has 230 employees, stores in Rittenhouse Square and in Ardmore, plus the 20,000-square-foot facility on Levering Mill Road in Bala Cynwyd where WatchBox was born.
Who started WatchBox?
Watchbox was founded in 2017 by Justin Reis, Tay Liam Wee, and Danny Govberg and has raised $260 million to date, following fast growth in the pre-owned watch market. It expects to generate $300 million in revenue this year.
Who owns de Bethune?
WatchBox
WatchBox, the pre-owned watch e-tailer co-founded in 2017 by Danny Govberg, Justin Reis and Tay Liam Wee, has acquired a majority stake in high-end Geneva-based independent watchmaker De Bethune.
Where is WatchBox located?
WatchBox, the leading global platform for pre-owned luxury timepieces, today announced the opening of its Swiss headquarters at Rue de la Promenade-Noire 5 in Neuchâtel.
Does Jomashop sell authentic items?
All products sold on Jomashop.com are 100% authentic guaranteed. Jomashop.com purchases its inventory via authorized dealers or respected industry wholesalers/distributors.
Which is the best watch brands in the world?
The World’s Best Watch Brands, Explained
- Timex.
- Tissot.
- Swatch.
- Casio.
- Seiko.
- Orient.
- Richard Mille.
- Cartier.
Are Chrono24 legit?
No, Chrono24 themselves do not sell fake watches. However, sellers that are active on their platform might be selling fakes. Individual watches are not authenticated by hand by an experienced watchmaker, so there is a risk that you purchase a fake watch from the platform.
How long is the waiting list for a Rolex?
Also, it is always in short supply, and its values in the second-wrist market are always well over the list price. Expect a waiting list of three to five years to get one.
Which Rolex has the shortest waiting list?
The most accessible Rolex is the Datejust but even those are now on a waitlist. If you’re interested in two tone Datejusts you won’t have to wait long.
Can Rolex dealers sell above MSRP?
As mentioned, Rolex retailers are technically unofficially not allowed to sell Rolex watches for more than the retail price, however, that doesn’t mean that there aren’t workarounds that are far more discreet than simply informing a customer about a price and charging it in the registry.
Which Rolex models are hard to get?
In writing moments, the Rolex models that are the hardest to get are the Daytona 116500, 126710BLNR, 126710BLRO, 116610LN, 114060, 126711CHNR, 116610LN, 116610LV. So there are still other sports models from Rolex that are relatively easy to get a hold of.
In addition to getting the basic 1-3 year warranty most timepieces come with, buying watches from authorized dealers as well as particular brand boutiques can come with extended warranties. It isn’t uncommon for buyers of watches from high-end brand boutiques to receive warranties as long as 5 years in length.
Why is it so hard to buy a new Rolex?
Why are Rolexes So Hard to Find? Rolex watches are a hot commodity because of their scarcity. The lack of supply is emphasized by supply chain shortages seen across many industries due to the COVID-19 pandemic.
Is govberg Jewelers legit?
Overview. Govberg Jewelers has a consumer rating of 3.7 stars from 5 reviews indicating that most customers are generally satisfied with their purchases. Govberg Jewelers ranks 66th among Watch sites.
Who is Tim Mosso?
Tim Mosso – Media Director/Watch Specialist – Govberg Jewelers, WatchBox | LinkedIn.