1、Pre-owned Luxury Watches in Chinathe Time is NowAuthors:Thomas Piachaud Charlsy Zhang Max Peiro Pre-owned Luxury Watches in China the Time is Now02RE-HUBIntroductionPre-owned Luxury DevelopmentIn recent years,the pre-owned market has emerged as a formidable force,revolutionizing the perception of th

2、e luxury industry.Once considered a taboo,buying pre-owned luxury items is now gaining acceptance and popularity among consumers.This phenomenon has opened a new avenue for both buyers and sellers,creating a symbiotic relationship that benefits not only the individuals involved but,in turn,also sign

3、ificantly impacts the luxury market.The luxury industry,known for its exclusivity and high price points,has traditionally relied on selling brand-new products.However,over time,consumers have become more conscious of sustainability,value for money,and the allure of owning unique items with a rich hi

4、story.This shift in consumer behavior has driven the widespread interest in the pre-owned market.Figure 1:Trends affecting the pre-owned luxury marketThe pre-owned market has emerged as an influential component of the luxury industry,embodying principles of sustainability,affordability,and collectab

5、ility.As the industry continues to evolve,it is essential for luxury brands to acknowledge and embrace the pre-owned market as an integral part of their overall business strat-egy.Circular Economy By prolonging the lifespan of luxury goods,the pre-owned market reduces the demand for new products,ult

6、imately leading to a decreased environmental impact.This sustainability aspect appeals to consumers who are increasingly concerned about reducing waste and contributing to an eco-friendlier society.AccessThe pre-owned market provides buyers with access to luxury items that may otherwise be unafforda

7、ble at their original retail prices.Luxury goods typically carry hefty price tags,making them out of reach for many consumers.However,the pre-owned market enables individuals to own these coveted items at more accessible prices,fostering inclusivity and democratization within the luxury industry.Col

8、lector MentalityThis trend reflects a growing interest in and passion for acquiring rare and unique items.Collectors seek out limited-edition pieces,and exclusive releases,driving demand and reshaping the market.Their influence extends beyond purchasing power,shaping trends,and promoting a culture o

9、f appreciation for craftsmanship and heritage.Pre-owned Luxury Watches in China the Time is Now03RE-HUBThe watch category is perhaps one of the categories within luxury where the pre-owned trends align the most.High-end watch manufacturers have limitations on the number of timepieces they can produc

10、e each year,thus making rare references and popular collections an important commodity for consumers,collectors,investors,and brands alike.Therefore it is no surprise that digital platforms have been established to meet this need with the key plat-forms shown in Figure 2.With some platforms specific

11、ally focused on the watch category,some across all luxury goods and some with a more offline,collector community focus(Watchbox).2009200320015Pre-owned WatchesFigure 2:Figure 3:The timeline of founding of key pre-owned luxury platforms worldwideWatch Market Sizes 2022 Estimate and Share o

12、f Online Sales 2026 Estimate-Source BCGDuring the COVID-19 Pandemic period the pre-owned luxury watch industry gained further momentum,with many consumers looking toward the category as an investment opportunity.This led to a significant surge in the price of key collectible references.This surge le

13、d to some references being sold at over 3x the retail price of the watches.Estimates from consulting group BCG place the market size of the entire watch category at 79 billion USD,with pre-owned watches accounting for nearly 24 billion-representing over 30%of the total category.Addi-tionally online

14、sales account for an estimated 60%of total sales(by 2026)for pre-owned watches,with that same penetration only in the region of 10-15%for first-hand purchases-highlighting the increased impor-tance of the online ecosystem when it comes to pre-owned sales.Watch Market Size-2022 EstimatePre-owned Watc

15、hes Market SizeShare of Online Sales-2026 Est.First-hand Watches Market Size60%30.3%10-15%69.7%Pre-owned Luxury Watches in China the Time is Now04RE-HUBCertified Pre-Owned Programs Many luxury watch brands have established their own certified pre-owned programs.These programs allow brands to authent

16、icate and refurbish pre-owned watches under their own standards,providing con-sumers with the assurance of quality and authenticity when purchasing a pre-owned item.Brand-Operated AuctionsSome luxury watch brands organize auctions in collaboration with auction houses to sell vintage or limited-editi

17、on timepieces directly to collectors.These auctions help the brands maintain control over the resale market and create buzz around their products.Collaboration with Resellers Luxury watch brands partner with reputable resellers and secondary market platforms to participate in the pre-owned market.By

18、 working with trusted resellers,brands can ensure that their watches are accurately represented and sold to interested buyers.Trade-in Programs Several luxury watch brands offer trade-in programs where customers can exchange their existing watches for a new model.These programs incentivize cus-tomer

19、s to upgrade their watches within the brands ecosystem and help the brand gain access to the pre-owned watches that can be resold or refurbished.Brand-Owned Resale Platforms Some luxury watch brands have even launched their own resale platforms.These platforms enable customers to sell their pre-owne

20、d watches directly to the brand,ensuring the authenticity and quality of the watches being sold.Its not just third-party platforms who are cashing in on the pre-owned watch opportunity.Brands themselves have started to unlock value through various different initiatives:Rolex Certified Pre-OwnedIn 20

21、22 Rolex announced its certified pre-owned service in Europe,offering consumers a chance to access authenticated Rolexes direct from the brand.A report from Business Insider in 2023 suggested this increased their resale value by up to 25%.Rolex x Sotherbys“Lesson One”In November 2013,Rolex teamed up

22、 with Sotherbys to offer 50 classic examples of its Daytona collection.The reference 6263/6239 Paul Newman Model sold at over 8M RMB during the auction.Richemont buys Watchfinder&CoIn June 2018 luxury group Richemont bought luxury watch platform Watchfinder&Co for an estimated 250M GBP.It has owned

23、and operated it ever since with rumors that it may expand the business into the China market.IWC“Trade-Up”IWC in partnership with Richemont owned Watchfinder&Co offer their“Trade-Up”service where customers have the opportunity to trade in their pre-owned IWC watches for a credit towards the purchase

24、 of a new IWC watch.Breitling TradeSimilar to IWCs Trade-Up program,Breitling offers consumers a chance for the brand to buy back timepieces.However,they have gone one step further,offering pre-owned pieces directly on their website.Figure 4:Brand efforts to drive secondary market interest Pre-owned

25、 Luxury Watches in China the Time is Now05RE-HUBMay 21Jul 21Sep 21Nov 21Jan 22Mar 22May 22Jul 22Sep 22Nov 22Jan 23Mar 23May 23Jul 23Mar 21Jan 2125,00030,00035,00040,00045,000Figure 5:Watch price index of pre-owned key references Jan 21 until Jul 23-Source With brands starting to play a role,and sign

26、s that consumers are willing to engage with the category and channel,there is good momentum for the market as a whole.This has been further helped(from a new con-sumer perspective)by the restabilization of the market after somewhat of a gold-rush in early 2022(shown in Figure 5)-with the top timepie

27、ces returning to more stable pricing,thus attracting more consumers to the category.Therefore,globally the stage is set:established platforms,consumer interest,a stabilising price index of key references and brands starting to build experential and consumer focused solutions.But what about China?Dat

28、eAverage Price(USD)Pre-owned Luxury Watches in China the Time is Now06RE-HUBThere are several factors that contribute to China being a market ripe for the rise of pre-owned behaviors.The overall trend of the circular economy,the desire for access to luxury goods,and the collector mentality are all o

29、n the rise.Moreover,China has other attractive attributes compared to other global markets,such as the advanced development of the e-commerce ecosystem.Watch brands have already begun tapping into the potential of the digital ecosystem in China.Many brands have launched flagship stores on key platfo

30、rms like TMall or JD.com selling first-hand watches.These plat-forms allow brands to sell new timepieces,although there is a leaning towards entry-level items.Nonethe-less,higher-end pieces can still be sold successfully,as depicted in Figure 7.Pre-Owned in ChinaA rising trend-but still under penetr

31、atedTo date,the penetration of pre-owned purchasing in China lags behind that of other markets,such as America and Japan.However,this situation is gradually changing.Figure 7:Figure 6:Sales of luxury watches over 100,000 RMB on TMall in 2023Penetration of Pre-Owned Luxury goods by market est.2021-Re

32、-Hub Analysis174units sold priced above 100,000 RMB on brand TMall flagships in the first seven months of 2023.28%31%5%Cartier,IWC and Vacheron Constantin all generate revenue in the 100,000 RMB+luxury watch range on TMall Pre-owned Luxury Watches in China the Time is Now07RE-HUBFurthermore,the grow

33、ing interest in luxury brands and the desire for status symbols among Chinese con-sumers have fuelled the demand for luxury goods.Owning a prestigious timepiece not only signifies wealth and success but also allows the wearer to showcase their personal style and taste.This cultural shift towards sel

34、f-expression and appreciation for luxury will continue to contribute to the development of the market.However,there are some factors that present challenges for China as a market that are more pronounced or unique to the China market versus other western markets:Lack of Trust The prevalence of count

35、erfeit luxury goods in China has resulted in a heightened emphasis on authenticity within the luxury market.Consumers have become more cautious and discerning when purchasing luxury products,especially when it comes to watches and their higher price points.This is reflected by the market with a stro

36、ng focus on authentication services.Price DifferencesThe typical prices of new luxury items in China can range from 20%to 50%higher than in other markets,such as Europe.This is partially due to differential pricing strategies employed by brands globally,as well as factors like currency fluctuations

37、and tax variances.As a result,a pre-owned watch may appear less appeal-ing when it offers a 30%discount compared to the prices in the Chinese market,where consumers could potentially buy new watches at similar prices elsewhere.Looking ahead,the Chinese pre-owned watch market is expected to continue

38、its growth trajectory.With a changing consumer base and a growing desire for luxury goods,the market offers promising opportunities for both buyers and sellers.As technology advances and the online marketplace becomes more sophisti-cated,the accessibility and transparency of the pre-owned watch mark

39、et are likely to improve,attracting an even larger consumer base.Overall,the state of the Chinese pre-owned watch market is characterized by strong growth,driven by e-commerce platforms,increasing consumer demand for luxury goods,a focus on authenticity,and evolving consumer preferences.This market

40、transformation highlights the significance and potential of the Chinese market within the global luxury industry.Pre-owned Luxury Watches in China the Time is Now08RE-HUBWhen it comes to understanding the pre-owned luxury watch market in China,one must look a little more generally.It is worth noting

41、 that very few platforms have specifically focused on watches,with the exception of Watchbox,a more recent addition,and as of yet still without a fully fledged ecommerce capability.Instead,the majority of platforms offer a wide range of luxury items including jewelry,leather goods,and clothing.These

42、 platforms have gained prominence and are recognized as influential players in the market.Here are some key platforms in China that are essential for understanding the pre-owned luxury watch market:The current state of play for luxury pre-owned watches in China201320162014XianYu(Idle Fish)Founded in

43、 2013 by Alibaba,Xianyu is a C2C platform that serves as the second-hand version of Taobao.The app has many watch listings,however there is not authentication and counterfeit products are very prevalent.Alibaba invested over 100M RMB in developing the platform in 2016.FeiYuWith a strong focus on liv

44、estreaming,Feiyu claims(in 2019)a user base of over 1M users,an annual revenue of 1B RMB with 40 authenticators.It is also integrated into Taobao livestreaming,the average transaction price was over 4,000RMB with a sales cycle of one week.ZhiierZhiier has a strong focus on the seller,looking to make

45、 it as easy as possible to sell luxury items.The company also has a unqiue O2O model with huge footprint stores showcasing items.The brand revamped its Chengdu location in 2022 and looks to expand further.TimeValleThe Richemont backed multi-brand boutique has been undergoing expansion in China.With

46、30 boutiques across Mainland China,including three in the Duty Free island of Hainan.With Watchfinder also under Richemont control,they could be in line to become a strong player in pre-owned.PonHu LuxuryFounded in 2014,PonHu focuses on multi-category pre-owned luxury sales.Securing nearly 25M USD i

47、n Series B funding in 2020,the company focuses on a livestream selling model.Now an official partner of Douyin(TikTok),the brand also runs 50 franchised brick-and-mortar stores across China.2017HongBuLin(Plum)Operating since 2017,Plum has become one of,if not the largest,luxury pre-owned platforms i

48、n China.In 2019 the company raised 20M USD in Series B funding,and in 2022 the company raised 100M USD in Series C funding back by ZhuanZhuan Group.20023WatchBoxWith a strong focus on HNW collectors,Watchbox launched its Shanghai collectors lounge in June 2023.While currently not offering

49、 an ecommerce component,it is an important move in establishing the collector mindset with Chinese consumers.Sotherbys BuyNowSotherbys launched its BuyNow WeChat Miniprogram in 2023.With a direct purchase model and a curated offering,it shows an effort by the historical auction house to move into a

50、wider audience with a direct selling model.The current offering is more curated than other platforms we have seen.Figure 8:A timeline of the development of key secondary watch platforms in China Pre-owned Luxury Watches in China the Time is Now09RE-HUBIn this report,we focused on four key players:Ho

51、ngbulin,Zhier,Feiyu,and Ponhu.These platforms were selected due to the large number of available products and their emphasis on online sales.Platforms like Watchbox and Sothebys have a narrower focus in terms of category and price point,so they were not includ-ed in the analysis.Xianyu,although a de

52、dicated consumer-to-consumer(C2C)platform,covers all product categories and faces challenges with authenticity due to the availability of counterfeit goods on the platform.We collected data from August 2023 complete with brand names,selling prices(as defined by the platform in collaboration with the

53、 seller)and a suggested retail price(SRP)for the first-hand item(this is defined by the platform and is subject to assessment by the authenticators of each brand-this can be especially subjec-tive with items that are rare or vintage).The discount is calculated by taking the selling price relative to

54、 the suggest retail price.For the analysis we removed brands with an average suggest retail price over all listings of under 20,000 RMB.This omits certain brands such as Tag Heuer,Oris,Rado,and Seiko.A very noteable omission using this filtering is Longines which has by far and away the most listing

55、s compared to any brand shown belown.InsightsOur ApproachListingsAll WatchesWatches over 20,000 RMBListingsAverage SRPAverage SRPAverage DiscountAverage Discount11,0496,07239,76156.5%64,45557.4%6,3124,66365,57473.7%85,90580.1%1,06174859,92744.3%80,72745%53725931,30660.2%54,44957.1%Figure 9:The summa

56、ry of the four selected pre-owned platforms in China showing the number of listings,the average suggested retail price of the listings,and the average discount-calculated by dividing the selling price by the suggest retail price.Pre-owned Luxury Watches in China the Time is Now10RE-HUBOutside of the

57、 top three brands we also see that IWC watches are also able to hold their value with an av-erage discount of 43%.While fashion brands such as Hermes,Bvlgari,Chanel are available at significantly higher discounts than their more horologically focused competitors in the watch space.HongBuLin has the

58、most listings of products that fulfil our criteria in this report.Omega takes the top spot in terms of listings with over 2,500 watches available to buy on the platform.This is unsurprising as in the China market both Longines and Omega are the top brands when it comes to their ability to generate s

59、ales.The average retail price being nearly 40,000 RMB also shows that the brand is not only selling entry level timepieces.Cartier comes a distant second to Omega,with over 1,000 timepieces available.The average retail price of over 75,000 RMB also shows that many of the listings are beyond the typi

60、cal entry level Tanks and Ballon Bleus.Rolex is in third with an average listing price of over 110,000 RMB.Interestingly the level of discount for Rolexes is significantly less than other brands-showing that Rolexes are able to hold their value(in some collections at least)over other brands.It is no

61、t uncommon to find Rolexes on each platform at prices significantly about the suggest retail price due to the highly sought after nature of the brand.HongBuLin(Plum)HongBuLin Listing Table2,53539,55759.6%75,06453.9%110,37339.7%36,76668.6%26,78753.0%42,60773.8%54,51543%87,25861.1%48,60862.1%30,36960.

62、3%1,02107Figure 10:The top ten brands(by listings)on Hongbulin in August 2023Platform DataListingsAverage SRPAverage Discount Pre-owned Luxury Watches in China the Time is Now11RE-HUB1,55751,46280.4%97,99081.2%45,65385.2%59,14285.6%165,18767.7%130,98671.9%244,35681%189,44878.6%

63、51,77969.4%265,76276.5%987747476277Feiyu comes in second in terms of listings above 20,000 RMB.The platform has a broad selection of brands and most noteably has less of an emphasis on fashion watches such as Gucci or Hermes,but more true horological brands are present.The discount rate a

64、cross the board is significantly higher than that of Hongbulin,however it is worth not-ing that the claimed listing prices for items are also(on average)significantly higher.This implies that the platform appraises watches at much higher values(perhaps in order to show a more significant discount fo

65、r those who are not aware of the market price).However comparison between brands is still possible and we still see Rolex holding its value at a much greater level than its competition.FeiyuFeiyu Listing TableFigure 11:The top ten brands(by listings)on Feiyu in August 2023ListingsAverage SRPAverage

66、Discount Pre-owned Luxury Watches in China the Time is Now12RE-HUB26046,06852.1%41,78548.8%124,43225.2%55,90229.4%130,13640.9%22,73354.3%128,73056.7%74,14040.6%367,224-18.5%23,09252.8%988055393226251613ListingsAverage SRPAverage DiscountPonhu comes in third in terms of our rankings with 748 watches

67、with a listing price of over 20,000 RMB(as claimed by the platform itself).Cartier takes the majority of the listings,showing a stronger presence over Omega(which dominated the previous two platforms analyzed).With Patek Philippe in the top ten brands listed,we can also see an interesting trend when

68、 it comes to dis-counting.Rolex once again holds its value very well,with an average discount of 25.2%-the higher dis-counts are typically on DateJust models,with the more sought after Submariners and GMTs often over the suggest retail price.Patek Philippe however has an average price on the platfor

69、m of 18.5%over the suggest retail price-this is in line with what we have seen globally in terms of different brands ability to command a price premium and become collectors/investors items.PonhuPonhu Listing TableFigure 12:The top ten brands(by listings)on Ponhu in August 2023 Pre-owned Luxury Watc

70、hes in China the Time is Now13RE-HUB7030,75948.8%57,44941.1%42,25049.5%29,39462.8%49,09157.5%74,13151.4%32,83639.6%21,36046.5%43,90029.3%111,60640.4%65Owing in part to Zhiiers focus on consignment and the associated risks with stocking such high price items such as luxury timepieces in re

71、tail stores(breakage and damage)-it is not surprising that Zhiier has less listings at only 257 timepieces at over 20,000 RMB.From the brand breakdown we see many of the same brands emerging as Hongbulin-Omega and Cartier take up the top spots-albeit at lower retail price averages.This may reflect a

72、 more conservative pricing strategy by the platform or a broader portfolio of entry level timepieces.We also see brands such as Franck Muller and Piaget breaking into the top ten in terms of listings-each at high average retail prices.ZhiierZhiier Listing TableFigure 13:The top ten brands(by listing

73、s)on Zhiier in August 2023ListingsAverage SRPAverage Discount Pre-owned Luxury Watches in China the Time is Now14RE-HUBAn opportunity to access a statement timepieceThere are many motivations to own a luxury timepiece,however with increasing price,the motivations gen-erally shift to either investmen

74、t opportunities or owning a more statement timepiece from brands that only product a very limited amount of references in a given year.With an increase in sophistication and collector mindset in China,we can see these high-end timepieces appearing on the platforms we studied.While the brands with th

75、e largest amount of listings are often at the lower end of the cost scale,we also find for the brands we highlight below that there is still good opportunity for consumers to be able to engage with these top end luxury brands.While the range of items available is undoubtedly narrower in China,we sti

76、ll see some interesting and more collector focused pieces being sold on these platforms which high prices.Below is a selection from the four platforms analyzed of some of the higher end items available,with the price shown as the selling price:Price8,024,300 RMBPrice438,850 RMBPrice234,300 RMBPrice4

77、02,000 RMBPrice319,999 RMBPrice370,850 RMBPrice675,269 RMBPrice666,667 RMBPrice634,409 RMBPrice462,366 RMBFigure 14:A selection of high-end watch listings across the four platforms analyzed Pre-owned Luxury Watches in China the Time is Now15RE-HUBA good deal?Within the luxury sector in China one of

78、the barriers is the significant price difference versus western countries.Therefore price comparisons between secondary market platforms allow us to assess whether consumers are getting a good deal.In order to assess this we looked at specific models on sale across the different platforms tracked an

79、d compared their prices to international websites.Using a combination of prices on ,and equivalent models on Chrono24-we can compare whether consumers are able to access specific models at favorable prices or there is still a China premium placed on pre-owned items.Reference-16710China Platforms 17,

80、825 USDW 12,755 USDChrono24 14,500 USDReference-411.JL.4809.RTChina Platforms 49,600 USDW 51,151 USDChrono24 45,875 USDReference-A17395China Platforms 2,453 USDW 3,847 USDChrono24 3,950 USDReference-IW377701 China Platforms 3.600 USDW 4,324 USDChrono24 4,100 USDReference-PAM01048China Platforms 4,10

81、0 USDW 4,645 USDChrono24 4,250 USDReference-26401RO.OO.A002CA.01China Platforms 37,616 USDW 41,852 USDChrono24 37,000 USDReference-5230GChina Platforms 38,000 USDW 37,701 USDChrono24 47,000 USDReference-330.032China Platforms 25,800 USDW 38,227 USDChrono24 40,000 USDInterestingly for the majority of

82、 models that we analyzed,there is actually a saving to be had purchasing these items in China.This is likely due to the afformentioned stigma of buying pre-owned items and some-what of a buyers market when it comes to purchases.Additionally the favorable USD/RMB exchange rate makes the price in the

83、Chinese market more attractive.One noteable exception(and one we have seen consistently in our analysis)is Rolex-highlighting it as one of the most sought after brands in China.Figure 15:A comparison of watch prices for specific brands/references in China vs Chrono24 and W.Prices are shown in USD wh

84、ere an exchange rate of 7.23 USD to RMB was used.Pre-owned Luxury Watches in China the Time is Now16RE-HUBConclusionsIn conclusion,the Chinese pre-owned luxury watch market has experienced significant growth and development in recent years.The market has been fueled by several factors,including a ri

85、sing middle class with increased pur-chasing power,a growing appreciation for luxury brands,and the desire for high-quality,prestigious timepieces.While lacking the same penetration as we see in western markets,we believe it is only a matter of time before the penetration of pre-owned luxury goods a

86、nd in specific,timepieces see a significant boom in China.We can see from the platform development over the past years that the foundations have been built to allow consumers access to the secondary market,and now the job to be done for these platforms is to ease concerns over authen-ticity and over

87、come the general mistrust of pre-owned items.This is an on-going process and developments such as Digital Twinning of timepieces,complete with blockchain tracking of purchase and service histroy will further aid in the removal of these barriers.The role in which brands play in the pre-owned consumer

88、 journey has been,to date in China,very small.Howev-er,as growth becomes more competitive in the context of a more stable Chinese economy,brands must look to-wards new opportunities to both build revenue streams,but perhaps in the case of the secondary market,ensure brand provinance and equity.Figur

89、e 16:Breitling launched blockchain supported digital twinning for all of its watches in 2020 supported by ArianeeMoving Forward Pre-owned Luxury Watches in China the Time is Now17RE-HUBWe believe that in order to effectively navigate the pre-owned luxury watch market,luxury watch companies can take

90、the following strategic actions:Monitor the market and engage with platforms to safeguard brand image.This includes a strong focus on authentication(e.g.blockchain technology/digital twins),helping platforms ensure accurate pricing,and assist in customer servicing.This allows for consumers to feel a

91、 part of the brand experience where they would not other-wise.Empower consumers with knowledge,communicating beyond the current first-hand portfolio with increased focus on vintage and classic models.Utilize their feedback,to help shape future designs and brand messaging.Go one step further and leve

92、rage user-generated content to strengthen current communications and creating a strong feedback loop of watch knowledge in the China market.Inform strategies to meet demand changes resulting from the growth of the pre-owned market.This in-volves utilizing pre-owned channels to gauge demand,and track

93、ing secondary market price trends.Innovate through content:vintage and classic model communications in new contexts;business models:loyalty schemes,buy-back,counter-in-store concepts;and community building:build communities for enthuasists,collectors,and investors alike to further resonate with the

94、China market.By implementing these strategies,luxury watch companies can adapt and build closer connections with con-sumers/investors who may not be currently part of the brand ecosystem,but have the potential to be.Re-Hub is positioned to help you on this journey in developing concrete understandin

95、g of these embryonic ecosystem.Given the pace of development that is typical of the Chinese market,it will not be long before brands must face the chal-lenges outlined above.That is why we believe:The Time is Now.What can brands do?Pre-owned Luxury Watches in China the Time is Now18RE-HUBAbout Re-Hu

96、b Re-Hub helps Luxury and Premium brands in China to generate ONLINE GROWTH OPPORTUNITIES at Speed.Through SENTINEL,a Data&AI tracking platform,we deliver insights into the secondary-market in order to gain clarity,alignment,and direction on their pre-owned strategies.We help brands to:BENCHMARK YOU

97、R PERFORMANCE against Competitors across ChannelsIDENTIFY PERFORMANCE GAPS and Opportunities to PrioritizeGENERATE NEW GROWTH OPPORTUNITIES at SpeedLearn more at www.rehub.tech Pre-owned Luxury Watches in China the Time is Now19RE-HUBAuthorsThomas PiachaudMax PeiroBusiness AnalystHead of StrategyCEOcharlsyrehub.techthomasrehub.techmaxrehub.techCharlsy Zhang