type private industry timepieces founded united states june 1 1999 1999 06 01 headquarters huntington beach california united states number of locations 1 services resale revenue 11.1 million usd 2013 1 number of employees 14 1 website www.bobswatches.com bob s watches is an online marketplace for the resale of rolex watches based in huntington beach california . the company is the first to introduce and offer used watches through a process called the rolex exchange in which they list the buy and sell price of each timepiece . they have a patent filed in the united states as the only e commerce company to utilize the exchange concept . contents 1 rolex exchange 2 see also 3 further reading 4 references 5 external links rolex exchange edit bob s watches was founded in 1999 as a seller of various watch brands and models . 2 the company was purchased in 2010 and relaunched as an exclusive reseller of rolex . 2 3 bob s watches lists several models of rolex that they have in stock on the site 4 and potential buyers can see the amount that the company pays for each model alongside the cost of the watch in order to gauge the value of a purchase ; 5 the exchange relies on financial transparency in order to gain consumer trust . 6 the internet has allowed for a growing market of luxury watch sellers 7 due to the investment holding value . 8 since its acquisition and repurposing as an exclusive rolex reseller the company has been listed on the inc. 500 1 and profiled by lifestyle and men s magazines such as maxim 9 the wall street journal 10 and forbes . 11 see also edit business portal california portal disintermediation profit margin further reading edit altieri paul january 31 2014 the pre owned rolex exchange the official price guide createspace independent pub isbn 1494962705 . a self published manual by bob s watches ceo paul altieri explaining his perspective on how to shop for used luxury watches . references edit a b c bob s watches westminster ca . inc. a b stults kyle november 18 2013 . making a market in pre owned rolex bob s watches . perpetuelle . ferrell david march 21 2013 . good times return for rolex watches . orange county register . biggs john march 12 2014 . bob s watches streamlines the rolex market with an electronic exchange . tech crunch . murphy jr. bill february 14 2014 . 5 things that drive away customers . inc. interview with ceo of bob s watches paul altieri . fratello watches . may 12 2014 . adams ariel april 30 2014 . the booming market for selling your luxury timepiece online how recommerce is dominating the pre owned watch world . forbes . burmon andrew october 1 2013 . the case for used luxury watches . men s journal . wenner media . burmon andrew august 20 2014 . custom rolexes aren t cool . maxim . binkley christina 2016 03 15 . in a collection of luxury timepieces one rolex stands out . wall street journal . issn 0099 9660 . retrieved 2016 10 07 . adams susan . bob s watches brings transparency to the fraud filled market for used and vintage rolexes . forbes . retrieved 2016 10 07 . external links edit official website in defense of rolex watches written by altieri and published by askmen patent application 20120233038 for a watch exchange retrieved from https en.wikipedia.org w index.php title bob % 27s watches & oldid 743075179 categories 1999 establishments in californiacompanies based in huntington beach californiacompanies established in 1999rolexhidden categories use mdy dates from august 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 7 october 2016 at 17 10 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view