Bob's Watches

Bob's Watches
	Logo
Company type	Private
Industry	Timepieces
Founded	United States
Headquarters	Newport Beach, California
Number of locations	1
Services	Resale
Revenue	$45 million, USD (2018)
Number of employees	24 (2014)[needs update]
Website	bobswatches.com

Bob's Watches is an online marketplace for the resale and trade of watches, with a focus on Rolexes. As of 2016 it was one of the largest watch reselling websites in the United States.^[3]

The company was founded in the mid-1990s by Bob Thompson in North Carolina as a local seller of various watch brands and models.^[4]^[5] Thompson retired in 2010 and sold the business to Paul Altieri for $8,000.^[6] Altieri relaunched the website, with a focus on reselling Rolex watches.^[4]^[6] From the beginning, its website listed the price that the company would be willing to pay for each watch alongside the price the company would sell the watch for.^[4] In 2014 it began offering buyers and sellers of Rolex watches the ability to post selling and buying prices, creating an exchange.^[7]

From 2010 the Company had a retail storefront and main offices in a small shopping center in Huntington Beach, California.^[4]^[8] In November 2018, the company moved to a retail storefront and headquarters in a 10,000 square foot, free standing office building in Newport Beach, California.^[9] Carol Altieri is Chief Operating Officer.^[4]

By 2017 grey market sales of luxury watches were "upending the global watch industry," according to Barron's; exports of new watches from Switzerland fell 10% in 2016 and there was a glut of inventory of new watches, driving prices down.^[10]

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