Bob's Watches
| Company type | Private |
|---|---|
| Industry | Watch resale, E-commerce |
| Founded | 1990s |
| Founder | Bob Thompson |
| Headquarters | Newport Beach, California , United States |
Key people | Paul Altieri (owner), Carol Altieri (COO) |
| Products | Pre-owned watches, primarily Rolex |
| Website | bobswatches |
Bob's Watches operates as a digital marketplace dedicated to the buying and selling of timepieces, with a specialized concentration on Rolex models. By the year 2016, it had become one of the top platforms for watch resale within the United States.
The company originated in the mid-1990s when Bob Thompson started a local watch-selling business in North Carolina. Following Thompson's retirement, Paul Altieri acquired the enterprise in 2010 for $8,000 and shifted its focus primarily toward Rolex watch resale. From the beginning, the website maintained full transparency by displaying both purchase and sale prices for each watch. In 2014, Bob's Watches launched a feature enabling buyers and sellers to post their prices directly, effectively establishing an exchange specifically for Rolex timepieces.
Initially based out of a retail shop and office located in Huntington Beach, California since 2010, the company moved in November 2018 to a standalone headquarters spanning 10,000 square feet in Newport Beach, California. The role of Chief Operating Officer is held by Carol Altieri.
By 2017, the luxury watch market was notably affected by grey market transactions; Swiss new watch exports dropped by 10% in 2016 due to surplus inventory and declining price levels.
Further reading
- 5 Things That Drive Away Customers – Bill Murphy Jr., Inc., February 14, 2014
External links
- Official website