Luxify Offers New and Used Luxury Items
Tax time is coming and that means some folks will be needing fast cash to pay Uncle Sam. If your closet is full of designer bags, Swiss watches and glittering jewels but your bank account in empty, Luxify may have a deal for you.
This Hong Kong startup is a marketplace for new and used luxury goods, with the accent on luxury. The company went live last year with the standard luxury items like bags, jewelry and wine but has now branched out into sports cars, yachts and planes.
Unlike pawnshops and auction houses, Luxify allows the seller to remain anonymous, an important factor for the celebrity or mogul who may be temporarily strapped for cash. The site’s “Make an Offer” feature gives buyers and sellers the chance to negotiate the final price in private.
Over the last year, Luxify has grown to the point that it serves 250 professional dealers and 1,000 private sellers with more than $350 million in products now for sale. Not surprisingly, fine watches are one of the most popular items along with designer bags and sports cars.
Currently up for sale on Luxify are watches by Omega, Rolex, Chanel, Cartier, Tiffany, Bulgari, Vacheron Constantine and more. One of the most expensive models is this “gently used” Patek Philippe white gold backwind men’s watch whose owner is hoping for $68,000 HKD (about $8,774 USD) but that price is “negotiable.”
So if you’ve just gotten the bad news that you’ll have to hand over a huge chunk of change to the government by April 15, you may still have time to move that vintage watch, spare yacht or Hermes purse on Luxify. On the other hand, if you’re getting a nice big refund this year you’ll want to check out the impressive array of expensive timepieces now available. You might as well spend it while you have it, right?