Trading in Passion, Inc. Sale Signals That Online Auction Drives the Luxury Watch Market

Trading in Passion, Inc. a California corporation dba Klockchain (www.klockchain.com), is an online watch auction house that sold last week to TF Klockchain, Inc. for an undisclosed amount The transaction culminated in Florida and marks “the watch industry’s return to normalcy,” observes, Edvin Ovasapyan, director at Trading in Passion, Inc.
According to Bain & Company’s 2022 Luxury Goods Worldwide Market Study, the global secondhand market for luxury goods grew to $30 billion in recent years, with watches and jewelry accounting for over 75% of all purchases.

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