Millennials and Gen Z are all in for the second-hand watch market

Per a report, the pre-owned luxury watch segment will grow by 75% by the decade's end, accounting for nearly half of the overall market. The boom comes as Millennials and Gen Z are more likely to prefer second-hand watches as they're cheaper. To respond to this demand, brands are already launching their own secondary-market sales channels to capture more share and buy back stock to manage supply.