Scott Kerr sits down with Paul Altieri, CEO and founder of Bob's Watches, the leading online buyer and seller of pre-owned luxury watches. Paul discusses the booming secondhand luxury watch market, being a first mover in a competitive segment, why resale prices have been falling after skyrocketing growth, what's really driving the Rolex shortage, the process of authenticating pre-owned Rolex watches, and the shifting consumer behavior and demographics that are driving the market. Plus: Why Rolex is an "affordable luxury." Featuring: Paul Altieri, Founder and CEO of Bob's Watches (bobswatches.com); Paul Altieri blog (paulaltieri.com) Host: Scott Kerr, Founder & President of Silvertone Consulting About The Luxury Item podcast: The Luxury Item is a podcast on the business of luxury and the people and companies that are shaping the future of the luxury industry. Stay Connected: Twitter: @theluxuryitem, @scott_kerr, @silvertone_inc Email: scott@silvertoneconsulting.com Don't forget to subscribe, rate, and review!