The Glossy Podcast

Bezel's Quaid Walker: 'We now have a correction in the watch market'

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Sinopsis

On this week’s episode of the Glossy Podcast, we talk with Quaid Walker, the co-founder and CEO of the online watch marketplace Bezel. Bezel, like the watch market in general, has seen significant growth over the last three years. It now boasts over $500 million worth of watches coming through its marketplace annually. Millions of new watch enthusiasts are getting into the market for the first time, and secondhand marketplaces like Bezel are among the best entry points for those new customers. Walker described the early pandemic years as “a massive bull run for all collectibles.” During that period, a ceramic Rolex Daytona in the “panda” colorway, which retailed for around $13,500, was selling on the secondhand market for over $55,000. It’s since evened out somewhat to around $32,000, reflecting the broader market which has also slowed from the mania of the early 2020s. “What happened was you got a lot of new buyers entering the market who got really interested in watches,” Walker said. “And now that we have