News
55
min reading

Buying a luxury watch on a marketplace: a bad idea?

Buying a luxury watch on a marketplace: a bad idea?
Written by
Watch Certificate™
Published
November 7, 2024

Well-known marketplaces have become popular destinations for buying pre-owned luxury watches. The tempting prices and diversity of models may tempt buyers, but beware: the risks are many. Testimonials from buyers trapped by counterfeit or stolen watches are multiplying.

Well-honed scam techniques

Fraudsters know how to exploit marketplaces' loopholes. With carefully crafted photos, convincing descriptions and accessories (certificates, boxes, etc.), they create ads that are difficult to detect as fraudulent. Some even supply fake serial numbers or invoices to fool buyers. In a context where the platform often does not guarantee the authenticity of items, buyers take a risk by validating their purchase.

Why verification is essential

Luxury watches are complex items, where every detail counts in determining their authenticity and true condition. Without expertise or external control, it becomes very easy for crooks to pass off fake watches as originals. It's not just a financial loss: an unchecked impulse purchase can also feed the counterfeit market, impacting both collectors and the watch industry.

How can I protect myself?

Before making a purchase on a marketplace, it's essential to find out and verify the watch's origin with certification tools such as Watch Certificate™. By going through a professional certification, the buyer can benefit from a digital passport with a guarantee of authenticity, a clear history and protection options such as blacklisting in the event of theft.

Conclusion

Buying a luxury watch without warranty or certification is risky, especially on platforms where scams are common. To avoid unpleasant surprises and turn your purchase into a real opportunity, have your watch checked before finalizing your transaction.

Newsletter

Subscribe to receive the latest blog posts in your inbox

By subscribing, you agree to our privacy policy.
Thank you! Your information has been sent.
An error has occurred.

Other articles

All articles
Why choose specialized insurance for items such as watches?
Watch Certificate™
Watch Certificate™
April 26, 2023
Home insurance protects your possessions in the event of damage or theft, but it generally takes into account the replacement value of the goods, not their purchase value. This replacement value takes into account wear and tear from the date of purchase to the date of theft. Conversely, when you make a claim, the specialized watch insurance policies offered in partnership with Watch Certificate™ take into account the market value, which can be regularly updated, so that you can be reimbursed accordingly.
How can you justify the value of your watches?
Watch Certificate™
Watch Certificate™
April 26, 2023
The watch passport lets you keep track of your watch. It allows you to keep a record of your property's information, keep track of all servicing and maintenance to keep you up to date with its condition, and gives you access to the market value tool which gives you an idea of your property's value. Above all, this passport is the key to accessing services such as market value estimation and authentication, as well as others including insurance and blacklisting in the event of theft.
Buying a luxury watch on a marketplace: a bad idea?
Watch Certificate™
Watch Certificate™
April 26, 2023
Well-known marketplaces have become popular destinations for buying pre-owned luxury watches. The tempting prices and diversity of models may tempt buyers, but beware: the risks are many. Testimonials from buyers trapped by counterfeit or stolen watches are multiplying.