![]() Reilly said he once acquired what he considered to be a grail watch, but about a year later, due to personal circumstances, had to sell it. Mark Cho’s Watches for Sale at Phillips in NovemberĬho’s comment prompted his fellow panelist, Gabe Reilly, co-founder of Collective Horology, a watch collector’s club based in California, to note that “there is a stigma around selling watches.” ![]() (The auction, entitled “The Beauty in Everything” sale, is scheduled to take place online beginning November 25.) That fact was made clear at the Dubai Horology Forum, a two-day watch conference, open to the public, that took place in New York City’s Meatpacking District on September 24 and 25.ĭuring a panel discussion about the new meaning of luxury, panelist Mark Cho, co-founder of The Armoury, a menswear retailer with stores in New York and Hong Kong, noted that he is preparing to sell the majority of his watch collection through Phillips. Szegedi says.Ĭut to 2022 and watch sellers now enjoy easy liquidity in a marketplace with countless opportunities to trade or cash in on their timepieces.īut the politics of selling a watch can be difficult to navigate. “The fact that there are no estimates on the size of the pre-owned watch market from the early 2000s shows how niche of a market it was back then,” Ms. Expected to total around $30 billion in 2025, it is on track to comprise half of the global watch market within five to 10 years, according to Karine Szegedi, managing partner of consumer industry and fashion and luxury at Deloitte.īut charting the category’s growth is virtually impossible. The availability of pricing information online made possible the pre-owned watch market’s spectacular ascent.
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