A new watch marketplace has been launched in Europe, allowing both professional and private sellers to list their watches. The platform offers checks performed by vetted watchmakers, including theft checks, functionality inspection, and authenticity audits. The service will be available in the U.S. later in the second quarter of 2024.
Open to both professional and private sellers in Europe , it is slated to be rolled out in the U.S. later in the second quarter of 2024.
Checks are performed by watchmakers vetted by the platform, either as ahead of the listing by a professional seller, and at no cost to the buyer; or as an optional step, priced at 199 euros, that can be added during check out. The watch is then sent for certification before it goes on to its new owner.
Ineligible for certification are watches classed as custom or modified, designs cobbled together from original parts of different models, those containing a high number of non-branded after-market parts, as well as counterfeit items. Box, papers and additional accessories will also be examined, although their authenticity will not affect the assessment on the watch itself.
Certified watches will receive an evergreen digital certificate of authenticity, detailing the watch’s conditions and the presence of after-market parts, if any. Chrono24 is the latest to throw its hat in the ring with a certified pre-owned program, as prices on theAccording to a joint report published January, prices on the resale market are nearing a three-year low, down from May 2022’s peak.
Watch Marketplace Europe U.S. Professional Sellers Private Sellers Vetted Watchmakers Theft Checks Functionality Inspection Authenticity Audits
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