THE BIG INTERVIEW: Bob's Watches CEO Paul Altieri outlines the future of the pre-owned Rolex ...

Paul Altieri, owner of BobsWatches.com, could be America's biggest buyer and seller of pre-owned Rolex watches Back in 2008 I started to get a sense that the pre-owned market was heating up and that the Industry was long overdue for a better more trustworthy marketplace with the Internet playing a vital role While it's estimated that Rolex only has about a 25% market share in the new watch market, it dominates the pre-owned secondary market so that is our primary focus The Bob's Watches idea evolved from there and today we have become the "Kelly Blue Book" for used Rolex watches.

Paul Altieri: No Bob's Watches is an independent pre-owned watch dealer and thus we have no affiliation with Rolex WatchPro: How do you repair, restore and service watches when you have watches worth $40 million per year going through the company and you are not an authorized service centre? We outsource the restoration and repairs of all our watches to these authorised service centres, including to Rolex itself for certain watches.

A fast and efficient secondary market for pre-owned Rolex watches facilitates the sale of new watches by the local AD's since most do not buy second hand goods. . Source