https://techcrunch.com/2023/01/16/wristcheck-secondhand-luxury-watch-trading/

In an age when almost everything can be bought online, watch resale is done in a surprisingly archaic way, namely, face-to-face with little price transparency. Wristcheck, a startup based out of Hong Kong, is taking a shot at digitizing the industry.

Traditional secondhand watch dealing is a “buy low sell high” business that often puts the buyer and seller in a “predatory” position, says Austen Chu, co-founder and CEO at Wristcheck, in an interview. An auction house, for example, typically charges the buyer up to 26% and up to 12% for sellers in transaction fees, he says.