Inflation Is a Good Thing for Seller of Used Rolexes Eyeing IPO

Chrono24, the biggest platform for selling secondhand luxury watches, says the resale market is surging as investors seek a shelter from inflation, buoying prospects for a potential initial public offering.

The platform, whose financial backers include the tech-focused investment arm of LVMH founder Bernard Arnault’s family, grew more than 40% by transaction value in the first quarter, co-Chief Executive Officer Tim Stracke said in an interview.

Tim Stracke

Source: Chrono24

The surge reflects demand for used watches from Swiss brands such as Rolex, Audemars Piguet and Patek Philippe -- family controlled firms with limited production capacity. Concerns about inflation are also ...