Luxury Bazaar execs set up private wholesale platform for watch dealers

The founders of a new start-up billed as the 'world's first wholesale platform for luxury watches' claim their idea was inspired by the "Inefficient" communication methods of watch dealers Watch dealers can source and purchase stock from verified watch wholesalers, with advanced technology and a standardised classification system facilitating trade Co-founders Avi Shenkar and Adrian Taskin conceived the idea after serving together at watch industry giant Luxury Bazaar.

The pair argue that luxury watch dealers and wholesalers can sometimes seem stuck in a technological time warp, using a "Cumbersome" mix of platforms to do business Mr Shenkar said Wholesalr.io is a solution to a communication problem that plagues the entire industry: "Working at Luxury Bazaar, I noticed one of the main issues was the inefficient communication methods of watch dealers The retail sales team would have to scramble each time a customer inquired about a certain watch that wasn't in stock, and I knew there had to be a better way" Watch dealers can use the platform to quickly post their goods for sale to thousands of other dealers.

The luxury new watch industry has doubled in value over the past 20 years and is currently worth more than $20 billion. . Source