Safety First: How Grailzee Is Changing The Game Of Luxury Watch Transactions
Luxury auction house Grailzee aims to be the #1 trusted third party in high-end watch sales with a transparent, objective sales process.
The post Safety First: How Grailzee Is Changing The Game Of Luxury Watch Transactions appeared first on LUXUO.
The global pandemic and subsequent economic stimulus produced an unprecedented boom in demand for luxury watches. By the end of 2022, the luxury watch market had an estimated value of US$42.2 billion according to Grand View Research, and is estimated to continue skyrocketing as high as US$80 billion by 2033 based on a thorough analysis by Swiss consulting firm LuxeConsult.
?With great growth comes great opportunity? for scammers and fakers,? says Grailzee Auction Expert, Drew Edwards. ?You have people, many for the first time, getting into the hobby of luxury watch collection and trading, which is wonderful to see.? Edwards continued, ?But it also opens people up to various forms of fraud. From Frankenstein watches to fake cash and in-person theft, it can be an ugly world to transact if you don?t know what you?re doing. We?re here to create a safe space for enthusiasts to buy and sell?.
As a luxury auction house, Grailzee?s process is designed in such a way that it is impossible to circumvent the authenticity process. Unlike Chrono24, eBay, and the like where buyers and sellers communicate privately and can go ?off-platform? (usually in an attempt to avoid excessive fees on behalf of the seller), all comment threads...
The post Safety First: How Grailzee Is Changing The Game Of Luxury Watch Transactions appeared first on LUXUO.
The global pandemic and subsequent economic stimulus produced an unprecedented boom in demand for luxury watches. By the end of 2022, the luxury watch market had an estimated value of US$42.2 billion according to Grand View Research, and is estimated to continue skyrocketing as high as US$80 billion by 2033 based on a thorough analysis by Swiss consulting firm LuxeConsult.
?With great growth comes great opportunity? for scammers and fakers,? says Grailzee Auction Expert, Drew Edwards. ?You have people, many for the first time, getting into the hobby of luxury watch collection and trading, which is wonderful to see.? Edwards continued, ?But it also opens people up to various forms of fraud. From Frankenstein watches to fake cash and in-person theft, it can be an ugly world to transact if you don?t know what you?re doing. We?re here to create a safe space for enthusiasts to buy and sell?.
As a luxury auction house, Grailzee?s process is designed in such a way that it is impossible to circumvent the authenticity process. Unlike Chrono24, eBay, and the like where buyers and sellers communicate privately and can go ?off-platform? (usually in an attempt to avoid excessive fees on behalf of the seller), all comment threads...
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