Global Pre-Owned Luxury Watch Market Exceeds $20 Billion, Favored by Gen Z and Millennials

2月 07, 2023

Driven by Millennials (born between 1980 and the late 1990s) and Generation Z (born between 1997 and 2010. Hereinafter, Gen Z), the second-hand luxury watch market boomed.
According to a study in October by the auditing and consulting giant Deloitte, the global second-hand luxury watch market is estimated at nearly USD 21.7 billion and may surge by 75%, reaching USD 38 billion by the end of this decade, accounting for nearly half of the overall market.
Collectors who once preferred to find rare watches at auctions are turning to online second-hand trading platforms in recent years. Tr …