Today WatchBox officially launched globally, and buying, selling and trading pre-owned luxury watches will never be the same again. With a concept that has already proven its worth in the US market, the rest of the world can now also experience this new way of buying, selling, and trading pre-owned luxury watches, as WatchBox takes it to the next level with a global website – www.thewatchbox.com – and offices in both Hong Kong and Philadelphia.
WatchBox leads the charge to revolutionize the pre-owned watch category with a team of industry leaders, which includes Danny Govberg, CEO of Govberg Jewelers, investor-entrepreneur Justin Reis, and former owner of Sincere Watch, Tay Liam Wee. With the watch industry going through a period of consolidation, they feel that the time is right for a platform that offers consumers and collectors an easily accessible and trustworthy way to buy, sell, and trade their pre-owned luxury watches.
“Today business must ‘think global and act local’ and at the same time, ‘act global and think local.’
WatchBox aims to conquer both.”
Danny Govberg, CEO of Govberg Jewelers
And their thesis for the category was validated, as earlier this year Singapore based CMIA Capital Partners led a very successful investment round to acquire funds to accelerate growth across the key global luxury markets. This gives WatchBox access to over $100 million to expand its multi-platform strategy in the upcoming months.
The first phase of growth will be in Asia, where WatchBox opened its headquarters in Hong Kong earlier this year. The management team for this region includes industry heavyweights such as Samuel Lee, previously CEO and founder of Elegant Watches, and Tay Liam Wuan, previously Managing Director of Emperor Watches. Further expansion across Asia and into Europe is planned for the next 6-12 months.
By combining online connectivity, reliable data systems, and personalized service, WatchBox offers transparency, security, and added value to its customers, which will continue to fuel the platform’s growth. It is supported by social media accounts, (including Instagram – @watchbox_global) as well as a dynamic video platform to offer a complete digital experience to its clients, and with that changing the way we buy, sell, and trade pre-owned luxury watches.