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Gen Z driving the second-hand luxury watch market
7 days ago - By Fashion United
Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by Generation Z buyers who want luxury goods but are also sustainability-minded.
The global second-hand watch market is estimated at nearly 20 billion Swiss francs and could reach 35 billion francs by 2030, according to a study out in October by the auditing and consulting giant Deloitte.
Historically the province of collectors scouting for rare watches at auction, the second-hand market is turning increasingly professional with the proliferation of online sales sites that verify...
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