Consumers looking to sell high-end goods such as fine jewelry, watches, or gemstones are faced with many problems. They don’t know where to put it up for sale, what the market is and how much the thing is actually worth. To solve all these problems, Worthy has launched a unique and secure, online marketplace for the sale of pre-owned luxury goods to a network of qualified buyers that guarantees multiple bids and the best spot market prices. They’ll appraise your item, clean it, put it up for auction, and pass the money along to you.
“The key differences between Worthy and other online marketplaces such as eBay or Ibid,” said Benny De-Kalo, cofounder/CEO of Worthy, New York, “is that only Worthy authenticates the items before they are placed up for auction, has a network of qualified buyers already screened who bid on the these items, guarantees that it will approach buyers with interest in such items, and if there is buyer interest, there is a guarantee that as long there is even a single bid, it is binding, and it only takes one to two days to sell an item on Worthy, where with eBay, it could take forever.”
“There are no other online marketplaces – eBay, iBid or others in the luxury goods sector – that provide these services or guarantees,” he said.
Worthy charges a sliding-scale commission for transactions – seller fees range between 5 and 20 percent of the final price, while buyers pay Worthy between 2.5 and 10 percent of the final price.
So if you’re looking to get rid of an expensive piece of jewelry or two, you should try Worthy.