It is unclear as to what pricing for these officially certified pre-owned Richard Mille watches will be, but I think its safe to assume the four partner vendors will be asking for their second-hand worth rather than resale at the recommended retail price. Peace of mind is paramount for all customers at the point of purchase.” This approach is key to establishing the most important element in any relationship between a luxury brand and its client – trust. The brand has always supported pre-owned watches through its specific service centres. Right from the outset in 2001 Richard Mille foresaw today’s booming market in pre-owned timepieces. Richard Mille explains: “The secondary market caters not only for those interested in obtaining a discontinued line.
#Reputable grey market watch dealers full#
Fully aware of their brand status and the demand for their watches, as well as the importance of the preowned marketplace, it is nice to see Richard Mille work to create points of sale in major markets where buyers can have full confidence in their purchase of a preowned Richard Mille. Brands such as Rolex do not really pay any mind (publicly) to the preowned market, even though it is such a crucial avenue for buyers worldwide to actually source their timepieces. I appreciate the move Richard Mille is making here. Not only that, but these pieces will have been fully checked and serviced by qualified Richard Mille technicians and sold with an official 24 month warranty. That’s why Richard Mille has now launched specific preowned retail partnerships to ensure there are now safe places to buy preowned Richard Mille across four countries. But the journey from the manufacture to grey dealer can often be quite cloudy, and there is not always a clear sense of how the watch was attained or what condition it’s in. Despite this, grey market dealers seem to have cases full of Hulk Submariners or various Richard Mille watches for those willing to cough up the eye-watering premiums for their instant purchase. Unless you’re a VIP customer, these highly sought-after brands don’t tend to be readily available to buy right away (if ever). I’ll give ShopWorn a spin and let you know how it goes.I/trending 14387 Richard Mille launches preowned retail partnerships to help people buy with greater confidence Zach Blassįor brands like Audemars Piguet, Patek Philippe, Rolex and Richard Mille it is crucial to understand the best means of acquiring these pieces preowned.
As always, caveat emptor (buyer beware), especially when it comes to depreciation (good luck re-selling your discontinued, last season’s or otherwise unloved watch). My name is Robert Farago and I approve of your skepticism (as if you didn’t know). This is not a paid political announcement. Some 1000 reviewers on back up the claim 93 percent of those who posted rated the company excellent, earning ShopWorn 4.7 stars out of five. The fifty-something exec took great pains to assure me that his team is dedicated to customer service. I had a long conversation with Larry Birnbaum, ShopWorn’s CEO. The advantage to the manufacturers: they sell excess inventory at an agreed price into a market that doesn’t hurt the brand (as opposed to destroying watches, which does happen). In fact, the watchmakers dictate what pieces can be sold where and for how much. They operate with the manufacturers’ blessing. The key difference: ShopWorn doesn’t sell watches that retailers slip out the back door. If ShopWorn sounds like a gray market dealer, well, that’s what I thought. So ShopWorn follows the standard resale industry practice and backs them with their own two-year guarantee. No matter what the watch’s brand, origin or age, the manufacturer’s warranty is null and void. If you don’t like the watch, send it back – subject to the usual stipulations about returning the timepiece unworn with its original packing. All sales are covered by a 14-day return policy. ShopWorn’s mavens inspect the watches for condition. That’s because the watch may have been displayed/handled in the shop. While the imported watches are new-in-box they’re not sold as new. All their timepieces come from brand boutiques and authorized retailers in Turkey, Cypress, France, Greece, Hong Kong, Italy, Japan, Singapore, Spain and Switzerland. As some watchmakers don’t change their basic models from year-to-year, a watch on ShopWorn could still be in the stores. All their watches are last year’s models – or older – that didn’t sell. The first thing to know: ShopWorn doesn’t sell this season’s watches. The company wasn’t happy about our post Shopworn Depreciation Madness! In particular, their PR peeps took exception to my declaration that ShopWorn is “relatively new to the field of ‘gray market’ (new-in-box) timepieces.” Nope.
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