Crown & Caliber is the No. 1 online marketplace for certified pre-owned luxury watches. The company was started in 2012 by Hamilton Powell, and the story of its founding is best told by Hamilton himself.
“Over lunch, a friend of mine was telling me about his experience trying to sell his Patek Philippe watch. In doing so, he relived horror story after horror story. After many unsatisfactory calls with several online watch buyers, he elected to visit a handful of brick and mortar retailers and ultimately relented to an offer he received from ‘a man with a pinkie ring.’ Weeks later, he learned the watch was worth much more and he had received only pennies on the dollar for it.
At the end of the conversation, he said something that was profound: ‘I wish selling this watch was as easy as buying it.’ That’s when it hit me: Why not create a company that made selling a watch just as easy as buying one? So we did. And the rest is history.”
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The problem with selling any item to a dealer or retailer is that they are going to buy it for X and then sell it for Y. The only reason they are in business is because the seller doesn’t know what Y is or how to get Y. The natural relationship between a buyer and seller is therefore adversarial. The result is that uncomfortable seller’s remorse feeling in your gut when you sell something. This often leads to questions such as “Did I just get taken advantage of?” or “What will they end up selling my watch for?”
So we came up with a better way to do business, using the power of modern technology to proactively sell watches for individuals to other individuals, eliminating any residual frustration and skepticism for both parties. Sellers use Crown & Caliber when they want to sell their watch for the highest possible value, and buyers purchase watches from Crown & Caliber knowing that they’re getting a certified pre-owned luxury watch for a fraction of the retail price.
Of course, if you simply want to sell your watch quickly, we can do that too. But 90% of our customers select our consignment option – and it has revolutionized the way watches are sold. To learn more about how it works, click here.
By using our service, you never have to leave the house. You never have to deal with a buyer. It is hands down the easiest way to sell a watch.
Every year, Crown & Caliber will offer one student a $1,000 scholarship based on their entrepreneurial abilities. In order to qualify for this scholarship, students must develop an idea for a start-up company and submit it to Crown & Caliber. For more details on qualification and submission, visit the Scholarship page here.