×
47 085
Fashion Jobs
OLD NAVY
General Manager - Jordan Landing
Permanent · West Jordan
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Louisville
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Simpsonville
OLD NAVY
Loss Prevention Agent, Multi-Unit - Outlet of Bluegrass
Permanent · Lexington
NORDSTROM INC
Asset Protection Agent Beverly Connection Rack
Permanent · Los Angeles
NORDSTROM INC
Asset Protection Agent Fig at 7th Rack
Permanent · Los Angeles
NORDSTROM INC
Loss Prevention Security Ambassador International Plaza
Permanent · Tampa
NORDSTROM INC
Asset Protection Agent Valencia Promenade Rack
Permanent · Santa Clarita
NORDSTROM
Asset Protection - Agent - Chicago Rosemont Fashion Outlets Rack
Permanent · Rosemont
NORDSTROM INC
Asset Protection Agent Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Security Ambassador - Houston Galleria
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Village Square Rack
Permanent · Northbrook
NORDSTROM
Asset Protection - Agent - Harlem Irving Plaza Rack
Permanent · Norridge
NORDSTROM
Asset Protection - Agent - Kildeer Village Square Rack
Permanent · Kildeer
NORDSTROM
Asset Protection - Agent - Woodfield Rack
Permanent · Schaumburg
TJ MAXX
District Manager - Boston, ma
Permanent · Boston
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Laurel
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Gaithersburg
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Worcester
KOHLS
Full-Time Loss Prevention Officer
Permanent · South Bend
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Terre Haute
COTY
Assistant Brand Manager
Permanent · New York
By
Reuters
Published
Nov 21, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ebay polishes plans for online second-hand luxury watch market

By
Reuters
Published
Nov 21, 2018

Buying a second-hand luxury watch on Ebay should get easier next year as the company gets better at checking that only genuine timepieces are sold on the online platform.

Reuters


“By the end of 2019, we look to have an entire suite of services available to all luxury watch sellers and buyers on the platform,” James Hendy, in charge of eBay’s authentication service for luxury goods, told Reuters in a recent interview.

While new watch sales have grown more slowly, the used market has been boosted by younger consumers happy to buy online, prompting Cartier owner Richemont to buy second-hand platform Watchfinder.co.uk.

Hendy said Ebay’s transaction volume of second-hand luxury watches would exceed $1 billion in 2018. This compares to volumes of around 1.3 billion euros expected at German rival Chrono24 by its co-CEO and founder Tim Stracke.

eBay allowed approved professional sellers, like Watchbox, to list timepieces on eBay with an “authenticity verified” tag in September by extending its Ebay Authenticate program from handbags to luxury watches.

And from the first quarter of 2019, Ebay will allow consumers to instantly sell their luxury watch on the site, adding authentication services to cover all consumer-to-consumer (C2C) transactions during the second half of the year.

Swiss luxury watch brands have long hesitated to sell online and used to look at platforms like eBay or specialized websites Chrono24 or Chronext as a nuisance because watches which retailers find hard to sell often end up online at a discount.

However, Ebay is now looking at partnerships with luxury brands as it targets a market estimated to be worth around 17.6 billion euros ($20 billion) when jewellery is included, a recent report by Bain & Company said.

The used market has been boosted by younger consumers happy to shop online, prompting watch manufacturers like Richemont or Audemars Piguet to enter the market.

“I believe that in the next few years the primary and secondary market are going to come together,” Hendy said, adding that brands working with Ebay would be able to engage with customers directly via its platform.

© Thomson Reuters 2021 All rights reserved.