As watch lovers, we know all too well that buying and selling on the second-hand market can be a stressful experience, especially when it?s online. Is the item authentic" Did I ask all the right questions" Am I being ripped-off" If you?ve ever bought a watch on eBay, then you?ve surely gone through this roller coaster at least once. Detroit-based StockX?an online platform billed as the ?Stock Market of Things??aims to change all that by fostering a buying/selling experience that values transparency and authenticity above all else. You may be wondering?how exactly does StockX work, and how would using it benefit me as a potential buyer or seller"
Similar to the way one would buy a stock on the NYSE, StockX uses a bid/ask model where potential buyers anonymously bid on a watch. If a bid matches an anonymous seller?s asking price, a sale is made. Yes, it?s that simple, but there?s a little more to the process that makes StockX (available as an app or on desktop) a unique buying and selling platform. What?s in It for the Buyer"
Through StockX, buyers have comprehensive, real-time access to historical sales data and trends on every product page, ensuring an informed customer. With that information right in front of you, there is no need to scour eBay or sales forums to get a sense of the second-hand value of a watch.
Another thing that makes StockX incredibly useful for buyers is that, as a middleman, StockX takes on the responsibility of authenticati...