Bob's Watches claims to be country's biggest second hand Rolex exchange as sales soar by 40%

Bob's Watches, a business created just eight years ago in California, could sell second hand watches worth $45 million this year, according to its owner Paul Altieri "We are the biggest buyer and seller of Rolex watches in the States," Mr Altieri assures WatchPro, a claim we have not independently verified The market for pre-owned watches has been transformed by improvements to ecommerce platforms and the ability to use digital media for promotions and advertising.

There are almost as many business models as there are dealers in modern second hand and vintage timepieces, and Bob's Watches has thrived due to a focus on giving customers what they want in an open and transparent way "Back in 2008 I started to get a sense that the pre-owned market was heating up I kept hearing more and more from customers who wanted to know what their watches were worth, what I would pay for their watch, and what could they buy from me.

I realized that there was no open source information on the prices of second hand watches, and whether they were getting fair offers for them from dealers The Bob's Watches idea evolved from there," Mr Altieri recalls The business sells watches from most of the top Swiss watch brands, but Rolex dominates.

With the business doubling in size over the past two years, Bob's Watches has outgrown its current premises in Huntington Beach, California, and is looking to move to half an hour down the coast to Newport Beach where Mr Altieri wants to take a 10,000 square foot space that can be used for the ecommerce office and a customer-facing retail unit. . Source