Another top player in the watch industry is staking its own claim on the secondary market.
, a European publication by Astrid Wendlandt covering the luxury industry, Audemars Piguet CEO François-Henry Bennahmias announced the initiative at a luxury recruitment conference in Paris last week. Indeed,spotted Yoni Ben-Yehuda, head of watches at Material Good, an authorized dealer of pre-owned Audemars Piguet watches, at the Hôtel des Horlogers in Le Locle, Switzerland last week where he was staying while visiting the adjacent AP manufacture.
And Audemars Piguet is apparently expecting the program to be a huge business—unsurprisingly, given the astronomical prices of its Royal Oak watches in the secondary market. “The CPO business is going to be bigger than the new business,” said Bennahmias at the conference, according to Miss Tweed. It will be good news for those with deep pockets who may have missed their opportunity to get a Royal Oak at retail.
Audemars Piguet, Rolex and Patek Philippe are said to make up more than half of the total market for pre-owned watches, which begs the question: Will Patek be next?
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Academic ChallengeSolon walked away victorious on episode 4 of the Nordson-Academic Challenge! Watch the full episode here
Leer más »
WATCH LIVE: ABC7 streaming the 124th Golden Dragon Lunar New Year ParadeWATCH LIVE: 124th Golden Dragon Lunar New Year Parade kicks off in L.A.'s Chinatown with live performances and more
Leer más »
Perspective | Watching the unwatchable cruelty in MemphisIs there a right way to watch the graphic videos of police beating Tyre Nichols? No. But we must watch them nonetheless.
Leer más »
Watch: TXT Mesmerizes In High-Energy Dance Practice Video For “Sugar Rush Ride”WATCH: TXT Mesmerizes In High-Energy Dance Practice Video For 'Sugar Rush Ride'
Leer más »