Secondhand luxury watch sales boom, outpacing new watch sales
Bloomberg News
Secondhand luxury watch sales boom, outpacing new watches
(Bloomberg)—Luxury watch seller Danny Govberg is very busy these days with his Philadelphia-based company, even when he’s selling fewer new timepieces than he used to. That’s because his 102-year-old emporium, Govberg Jewelers, is seeing an explosion in the secondhand market, where the wealthy owners of expensive wristwatches such as Patek Philippe and Rolex are increasingly trading their used ones for a […]