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How to Watch Love Island UK From AbroadĪ few days pass, and the end of your sales time frame ends-a bunch of people still on the watch list, but no bids and no offers.

Issues such as the constraints of Brexit legislation still need to be ironed out in the UK pre-owned market - eBay’s authenticity guarantee applies only to watches purchased on its UK site and delivered to the UK. Indeed, a “significant proportion” of eBay’s UK watch listings are from vintage dealers, rather than private individuals, the company says. Rising prices and limited supply are also making watches more attractive as an alternative investment. You’re still paying more than retail on many of these watches, but it’s still fair market value.” “But we still have hundreds of Submariners and Daytonas and Audemars Piguet Royal Oak blue dial watches that are so difficult to find. “Prices have gone up significantly across many of the watch brands in the last year due to scarcity,” says Kamdar. In the company’s July survey, 31 per cent of respondents said access to exclusive products was a reason for buying pre-owned luxury items. Kamdar believes eBay is helping address the scarcity problem in the primary market, which is expected to get worse in the upcoming holiday season. These groups are also more likely to pay a premium for a pre-owned watch and seek out exclusive models - such as the Rolex Daytona, Patek Philippe Nautilus and Audemars Piguet Royal Oak - which are selling in the pre-owned market at significant premiums (as much as 140 and 146 per cent respectively for the Daytona and Nautilus).

Rolex, Omega and Tudor are the most popular brands sold on the platform - the Rolex Datejust, Omega Seamaster and Tudor Black Bay are among the most sought-after models, echoing the resale market generally.Īccording to the BoF-McKinsey report, the majority of pre-owned sales in the premium to ultra-luxury categories are to two types of buyers: watch enthusiasts who are after a particular vintage model and frustrated buyers who can’t find the watch they want in traditional retail channels because of limited supply.

The most expensive pre-owned watch sold on .uk in the past three years was a 2019 Rolex GMT Master II in rose gold with a black dial, which went for £50,000. Any watches that buyers choose to return are sent to eBay’s authentication centre to undergo the same checks before being returned to sellers.

#Ebay watcher offers verification#

In addition to his team of watchmakers, equipment such as high-definition cameras are used to enable Stoll staff in eBay’s authentication centres around the world to examine, discuss and authenticate a watch simultaneously in real time.īuyers are issued with an authenticity certificateĪt the end of the verification process, buyers are issued with a certification card embedded with near-field communication technology linked to eBay’s guarantee. “Our aim is to make sure the watch matches the listing,” says Graham Foster, head watchmaker at Stoll & Co. Graham Foster, head watchmaker at authenticators Stoll and Co It also checks for damage and whether parts have been swapped, along with waterproofing and collateral such as the box and papers that came with the watch. Watches under eBay’s authenticity guarantee go to a third-party servicing and authentication company, Stoll & Co, which tags each piece with a tracking barcode before inspecting the crown, bezel, dial, case, clasp or buckle, hands, end links and reference number. “We’re developing a playbook and platform around authentication that is very scalable,” says Tirath Kamdar, eBay’s general manager of luxury. Meanwhile, 44 per cent cited condition and 40 per cent gave quality as concerns, with 39 per cent saying they did not trust sellers. In an eBay study conducted in July with about 1,000 US consumers, 52 per cent of respondents said fears around authenticity were a reason for not buying a pre-owned luxury item.

The eBay authenticity programme is seeking to tap that online market.

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Digitisation has been the main driver of growth: 30 per cent of pre-owned premium and ultra-luxury watches are now sold online, says the report, compared with 5 per cent of new pieces.