Luxehouze’s recent coverage by Tech In Asia marks a significant milestone in the company’s journey as it expands its presence to cater to luxury enthusiasts in Indonesia. The media coverage delves into the backstory of Luxehouze’s founding and its expansion into Indonesia.
Luxehouze’s inception can be traced back to its founders’ visionary mission: to empower luxury enthusiasts by granting them accessible, secure access to premium products while maintaining competitive pricing within the dynamic Asian market.
Traditionally, luxury was closely associated with Western nations. Nevertheless, a profound shift has emerged in recent years, with a notable surge in interest in luxury timepieces across Asia, notably in Indonesia, Singapore, and Hong Kong.
Indonesia, in particular, exemplifies this trend through a substantial influx of timepieces and watch components. Data from the Indonesian Central Bureau of Statistics (BPS) has unveiled a remarkable development – as of June 2023, the import value of watches and timepieces had soared to an impressive $21.8 million, equivalent to Rp 335.5 billion.
In response to this evolving landscape, Luxehouze has established itself as the ultimate destination for luxury enthusiasts.
We provide an innovative online marketplace where users can easily compare specifications and prices across various prestigious collections, showcasing renowned brands like Rolex, Patek Philippe, Richard Mille, Hermès, and many others.
Luxehouze’s Contribution to the Secondhand Luxury Revolution
Luxehouze doesn’t just facilitate luxury purchases online; we also provide end-to-end services that empower individuals to sell their high-end luxury items. This initiative is fueled by the growing trend of people investing in luxury goods, and our goal is to support these investments through our comprehensive suite of services.
Over the past two years, as reported by respected sources like Bloomberg and Morgan Stanley, luxury watches have consistently outperformed both cryptocurrency and the S&P 500 regarding returns on investment.
Several factors contribute to this trend, including the rarity of timepieces, which significantly affects their retail value.
Additionally, the influence of celebrities, such as actors, athletes, and musicians, plays a substantial role in shaping watch trends. People tend to gravitate toward what’s currently popular, and watch enthusiasts like John Mayer can considerably impact these trends.
Moreover, collaborations with prominent figures from various fields generate significant marketing buzz for luxury timepieces, particularly when they involve limited editions.
Some noteworthy examples include partnerships like F1 Mercedes & IWC, TAG Heuer’s collaboration with Mario Kart, Omega’s partnership with Snoopy, and alliances between RM and athletes like Nadal and Bubba.
That’s why Luxehouze focuses on curating a collection of high-value timepieces that can be enjoyed and considered investments. We recognize luxury watches’ enduring appeal and financial potential in today’s market.
If you’re intrigued by the world of luxury and the remarkable investment potential of high-end timepieces, Luxehouze invites you to delve deeper into our offerings and services.
Read the full article by Tech In Asia here: Luxehouze, Luxury Marketplace Pilihan untuk Penjual dan Pembeli Barang Mewah
