In this second part of It’s About Time - A Unique Twist on Luxury Watches with Kelly Juell of Juell time, Kelly shares the red flags to watch for when shopping for luxury watches and jewelry in the secondary markets.
She also discloses how the unique market position of low supply and high demand affects retailers of luxury watches and consumers seeking them out.
Some takeaways from my visit with Kelly Juell:
- work with a trusted AD or reputable “gray market” dealer who has an excellent reputation and who will have your best interest at heart
- because of its high demand, Rolex watches maintain and increase in value
- when purchasing from a secondary market, understanding the value of the box, tag, and original enclosures may make a significant difference in a purchase and resale price.
This topic of luxury watches fits within my recurring theme of Trends and Traditions, and there is so much more to come!
I have some guests I’ll be recording within the coming weeks to add more to your working knowledge of jewelry you love, have, and want, so be sure you’re subscribed to the podcast on your favorite platform.