Pre-owned timepieces a growing business

With growing competition from online retailers, watchmakers are exploring selling used timepieces to avoid losing out to third-party dealers

Pre-owned luxury watches is a flourishing market around the world.
Pre-owned luxury watches is a flourishing market around the world.

About four years ago, Mr Maximilian Busser, founder of the boutique watch brand MB&F, bought his wife a 1970s Rolex Air-King for US$2,500 on the website Chrono24.

When it arrived, he was dismayed (though perhaps not shocked) to learn that he had been conned.

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A version of this article appeared in the print edition of The Straits Times on February 23, 2018, with the headline 'Pre-owned timepieces a growing business'. Subscribe