__NOTOC__ Bob's Watches is an online marketplace for the

resale A reseller is a company or individual (merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. Individual resellers are often referred to as middle men. This is usually done for profit (b ...

and trade of watches, with a focus on

Rolex Rolex () is a Swiss watch brand and manufacturer based in Geneva, Switzerland. Founded in 1905 as ''Wilsdorf and Davis'' by German businessman Hans Wilsdorf and his eventual brother-in-law Alfred Davis in London, the company registered ''Rolex ...

es. It was one of the largest watch reselling websites in the United States in 2016. The company was founded in the mid-1990s by Bob Thompson in North Carolina as a local seller of various watch brands and models. Thompson retired in 2010 and sold the business to Paul Altieri for $8,000. Altieri relaunched the website, with a focus on reselling Rolex watches. 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. In 2014 it began offering buyers and sellers of Rolex watches the ability to post selling and buying prices, creating an

exchange Exchange or exchanged may refer to: Arts, entertainment and media Film and television * Exchange (film), or ''Deep Trap'', 2015 South Korean psychological thriller * Exchanged (film), 2019 Peruvian fantasy comedy * Exchange (TV program), 2021 Sou ...

. From 2010 the Company had a retail storefront and main offices in a small shopping center in Huntington Beach, California. 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 Newport Beach is a coastal city of about 85,000 in southern Orange County, California, United States. Located about southeast of downtown Los Angeles, Newport Beach is known for its sandy beaches. The city's harbor once supported maritime indu ...

. Carol Altieri is Chief Operating Officer. By 2017

grey market A grey market or dark market (sometimes confused with the similar term "parallel import, parallel market") is the trade of a commodity through distribution channels that are not authorised by the original manufacturer or trademark proprietor. ...

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.

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* {{use mdy dates, date=August 2014 1999 establishments in California American companies established in 1999 Companies based in Huntington Beach, California Companies based in Newport Beach, California Rolex

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