It was solely a matter of time earlier than eBay could be appeared upon by many watch manufacturers as a perfect platform for CPO and different efforts within the secondary market. “Licensed stock within the resale market is an simple alternative for manufacturers and approved retailers, and eBay is the best accomplice for these trying to scale,” stated Tirath Kamdar, World GM of Luxurious at eBay. “eBay’s Licensed by Model program broadens entry to each patrons and types to buy and promote luxurious items with confidence and certainty.”
On the planet of pre-owned and classic watches, particularly, there may be an often-spoken adage that’s usually considered essentially the most elementary piece of recommendation: purchase the vendor — that’s to say, know who you might be shopping for your watches from, and solely purchase watches from individuals you belief. In a nook of the business the place info will be scarce and errors expensive, with the ability to depend on the experience and recommendation of the vendor – and the platform through which you might be shopping for from – is prime.
With the creation of Licensed by Model, the very panorama of buying watches, and different luxurious items like purses and jewellery, on eBay is about to alter. Listings will embrace both “Direct from Model” or “Model Licensed Vendor”, bringing much more readability to would-be patrons. Curiously, gadgets shall be listed as each, mounted “purchase it now” costs in addition to eBay’s public sale possibility. This may inevitably create an excellent broader dynamic for patrons and sellers alike.
Reassuring each patrons and sellers has, in fact, been a key focus for eBay over the previous few years. Starting in 2020, eBay launched the Authenticity Assure program to judge and authenticate timepieces. Whereas previously a watch would journey straight from vendor to purchaser, with solely the outline and supplied images as a information, now there’s a course of, and multi-point inspection by professionally skilled authentication consultants, to offer everybody peace of thoughts — purchaser and vendor alike. Watches over $2,000 which are offered through the web market are despatched to eBay’s third-party authentication companions Stoll & Co. who authenticate every timepiece.