EBay Is Headed to the Las Vegas Antique Jewelry & Watch Show

WatchesAug 18, 2021

EBay Is Headed to the Las Vegas Antique Jewelry & Watch Show

The online marketplace will bring a selection of pre-owned luxury watches and host events.

EBay’s pre-owned luxury watch business is booming, and of the most expensive pre-owned timepieces the marketplace has sold is by Patek Philippe. Pictured is a new Patek Philippe Aquanaut Luce timepiece, released this year.
Las Vegas—For the first time, eBay will exhibit at the Las Vegas Antique Jewelry & Watch Show.
The move comes as pre-owned watch sales are hotter than ever on the e-commerce marketplace. According to eBay, over 25,000 luxury watches from what it considers top brands like Rolex, Omega, Breitling, Patek Philippe, and Cartier were sold in the first months of 2021 alone.
From March 2020 to March 2021, Cartier watch sales rose 75 percent and Rolex sales rose 54 percent. 
EBay credits some of the rise in its luxury watch sector to investments it’s made.
In September 2020, it launched its authenticity guarantee service for watches (it now authenticates handbags and sneakers, too), in which it provides a physical authentication from independent experts on items priced over $2,000 at no charge to the customer, prior to delivery. 

 Related stories will be right here … 

Since the service started, it’s helped facilitate sales of more than 7,000 luxury watches priced over $10,000. 
“EBay’s association with this year’s show is a paramount and timely milestone amid a series of achievements for our luxury business over the past year,” noted eBay General Manager of Luxury Tirath Kamdar.

EBay will be at the Las Vegas Antique Jewelry & Watch Show at the Wynn Las Vegas on Aug. 24-26. The company will be located at “eBay Boulevard” between the Lafite and Latour Ballrooms, the hallway that was previously home to the Couture Show’s Design Atelier of emerging designers. 

On Wednesday, Aug. 25, eBay will host a “Sunset Cocktail Event” at The Wynn Sunset Terrace from 5:30-7 p.m. for cocktails and sweet treats. 

On Saturday, Aug. 28, eBay will provide luxury secondhand watch market insights at the JCK Keynote Panel. 

National Jeweler chatted with Kamdar ahead of these events.

[This interview has been edited for length and clarity.]

National Jeweler: Why has eBay decided to exhibit for the first time this year at the Antique Jewelry & Watch Show?

Tirath Kamdar: EBay’s participation underscores the ongoing efforts to expand industry engagement with the marketplace, which has become one of the world’s largest online marketplaces of high-passion, high-value, and hard-to-find luxury items, including new and pre-owned timepieces from leading watchmakers, as well as antique, vintage, and contemporary jewelry pieces. 

NJ: What have eBay’s watch purchases been like in the last year?

TK: Our watches business accelerated from 16 percent to 38 percent in Q1, and this growth is lifting sales in other areas. 
Luxury watches sales reached their highest number of transactions on eBay in the January 2021 to June 2021 six-month period, compared to the last two years. 
Tudor and TAG Heuer [are two brands that have] gained popularity amid the pandemic. Rolex, TAG Heuer, Audemars Piguet, and Patek Philippe are of some of our most expensive brands sold over the last three years, with one of the most expensive styles being a Patek Philippe Nautilus Rose Gold Self-winding Chronograph 40MM Watch 5980R-001.
NJ: Can you tell me a bit about the authentication service and how it helps with consumer confidence?

TK: We know trust is important among the watch community, which is why we launched our Authenticity Guarantee service last year in the U.S., where shoppers can browse and shop eBay’s listings with the “Authenticity Guarantee” badge, which indicates the item is eligible for inspection through the new program. 
“EBay is a cultural barometer for what is happening in the world.”—Tirath Kamdar, eBay general manager of luxury
EBay’s Authenticity Guarantee service protects both our buyers and sellers. For our buyers, we offer a wide selection of inventory, competitive pricing, and no buyer fees, while ensuring they can find the exact watch they are looking for with confidence that it is authentic and exactly as it is listed.  
For our sellers, we offer confidence knowing that a third-party expert is verifying every watch, and if a buyer decides to make a return, the seller will receive the watch back in the same condition it was sent in. 
We are evolving our offerings and giving eBay watch customers exactly what they want: incredible selection with an added layer of trust and confidence that their high-value purchases are 100 percent authentic. 
NJ: Based on shopper data, can you speak to the latest luxury watch trends?

TK: EBay is a cultural barometer for what is happening in the world, and shoppers flock to eBay for our unique selection of inventory from top brands. 

EBay recently released its Luxury Trend Report in partnership with Vogue Business, which showcases a snapshot of luxury trends, the tried-and-true popularity of iconic brands, a look at emerging styles, and consumer sentiments towards luxury and luxury resale. 

We found that men are more likely to invest in luxury, as 76 percent of men are investing in pre-owned luxury, with 57 percent of men buying pre-owned luxury at least once a month compared to 37 percent of female shoppers. 

Men are also more likely to turn their investment into a sale, with 64 percent of men selling pre-owned luxury purchases compared to women at 50 percent.

Additionally, luxury watch sales have reached a record high. From top brands alone, such as Rolex, Omega, Breitling, Patek Philippe, and Cartier, more than 25,000 watches were sold in the first half of 2021 on eBay. 

Following the launch of eBay’s Authenticity Guarantee, many brands saw upticks in searches, such as IWC, whose searches increased 12 percent month-over-month.

NJ: Is there anything else you would like to add?

TK: EBay’s authenticated categories continue to expand, and we are always looking for ways to offer the best experience to our over millions of active shoppers and sellers by enhancing our trusted experience on eBay for even more inventory across luxury categories. 

We also continue to explore opportunities to include more offerings that will drive the user experience forward. 

For example, once eBay’s authentication inspection is complete, watches receive a unique Authenticity Guarantee certificate with details about the item, including brand and model, in addition to an NFC tag, which is a high-tech digital feature that can conjure authentication information with a tap of a smartphone.

The Latest

EditorsMay 25, 2022
7 Standout Tiaras in Sotheby’s Platinum Jubilee Exhibition

Senior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.

MajorsMay 25, 2022
Anne Hathaway Is Bulgari’s Newest Ambassador

The actress joins Zendaya and others in a new advertising campaign.

IndependentsMay 25, 2022
The Mexican Shack to Close After 47 Years

Owner Steve Delzio shares his thoughts on retirement after nearly five decades in the jewelry industry.

Brought to you by
Dive into GIA’s Pearl Expertise

When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.

IndependentsMay 25, 2022
Designer Theo Fennell Has Written a Memoir

“I Fear for This Boy” takes readers through the ups and downs of his business and is available for pre-order now.

Weekly QuizMay 19, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
IndependentsMay 25, 2022
MVEye, Wedding Report Partner on New Jewelry Research Platform

“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.

ColumnistsMay 24, 2022
The PR Adviser: 10 Questions to Contemplate

Columnist Lilian Raji wants to walk you through the customer journey. But first, she’d like you to answer a few questions.

Brought to you by
A.I. Grading is Changing Conversations at the Retail Counter

Advanced technology levels the playing field, helping jewelers give customers what they want.

Events & AwardsMay 24, 2022
8 Gold Jewelry Designers Unveil New Platinum Designs

Several Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.

Lab-GrownMay 24, 2022
Kendra Scott Unveils Lab-Grown Engagement Ring Collection

The jewelry company is moving into bridal just a month after branching out into the watch world.

SourcingMay 24, 2022
State of the Diamond Industry: Where Does Supply Go From Here?

The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.

Events & AwardsMay 24, 2022
WJA to Host Diversity Keynote at New Las Vegas Breakfast Event

The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.

IndependentsMay 23, 2022
Long’s Jewelers to Open New Location

The family-owned jeweler is relocating its Braintree, Massachusetts, store to a new space.

IndependentsMay 23, 2022
Luxury Goods Veteran Olivier Stip Joins Chicago Jeweler CD Peacock

He will step into the retailer’s newly created role of chief development officer.

GradingMay 23, 2022
Gem-A Launches Digital Entry-Level Gemology Course

GemIntro is meant to give a broad introduction to gems and gemology.

Recorded WebinarsMay 20, 2022
Watch: Responsible Sourcing and the Gold Supply Chain

Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.

FinancialsMay 20, 2022
Richemont’s 2022 Jewelry Sales in the Americas Nearly Double

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

AuctionsMay 20, 2022
Piece of the Week: ‘Birds in Flight’ by Oscar Heyman

The New York jeweler made this incredible, colorful Art Deco bracelet featuring tropical birds in 1927.

SurveysMay 19, 2022
5 Predictions for Jewelry Retail in the Second Half of 2022

From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.

MajorsMay 19, 2022
As It Nears 75, Here’s How Grandview Klein Stays Competitive

Once a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.

SourcingMay 19, 2022
De Beers’ Rough Sales Up 21% So Far This Year

One analyst cited rising diamond prices and the sanctions on Alrosa as contributing factors.

CollectionsMay 19, 2022
Brilliant Earth Collaborates with Jade Trau

The two have partnered on a capsule collection.

MajorsMay 19, 2022
Jewelers Mutual Adds 2 Industry Veterans to Its Board

John A. Green of retailer Lux Bond & Green and Niveet Nagpal of Omi Privé have joined the board of directors as of May 18.

FinancialsMay 18, 2022
Watches of Switzerland’s Jewelry Sales More Than Doubled in Q4

The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.

AuctionsMay 18, 2022
Jewels from Bette Midler Are Headed to Bonhams

The auction house’s upcoming sale also includes collections from American heiresses.

IndependentsMay 18, 2022
Jeweler Lewis Baribault Celebrates 50th Work Anniversary

The Connecticut jeweler reflected on five decades in the industry and what the future holds for the family business.

Events & AwardsMay 18, 2022
Visit A Mine in New Jersey With WJA New York Metro

The chapter has organized a day trip to the Sterling Hill Mine and Museum in Ogdensburg on Saturday, May 21.


This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy