Bob’s Watches is trying to revolutionize luxury watch auctions

Bob’s Watches has recently launched its own online auction platform, featuring a vintage Rolex GMT-Master 1675. This move is set to disrupt the luxury watch auction market, traditionally dominated by renowned auction houses like Christie’s, Sotheby’s, and Phillips, who typically impose a buyer’s premium of at least 10%. Bob’s Watches is changing this by eliminating the buyer’s premium, making Rolex wristwatches more affordable.

In November, Bob’s Watches auctioned a vintage Rolex GMT-Master 1675, which had an interesting backstory as it was previously owned by a co-pilot of the Apollo 14 recovery mission. Although not the most sought-after Rolex model, it was expected to sell for between $15,000 to $30,000 USD. The watch was eventually bought by a Texas bidder for $25,900 USD.

A spokesperson from Bob’s Watches stated, “Since the platform’s launch, we’ve conducted numerous successful auctions, with impressive hammer prices for rare vintage Rolexes.” They added that the new platform is making the auction process more accessible, transparent, and affordable, thereby bringing more luxury timepieces to watch enthusiasts. For more information and updates on upcoming auctions, visit Bob’s Watches.