Worthy.com

Worthy
Type Online marketplace
Founded 2011
Headquarters New York, NY
Area served United States
CEO Ben De-Kalo
Services Luxury Good Reseller, Appraisal
Website https://www.worthy.com/

Worthy.com is an online marketplace for pre-owned luxury goods including diamonds, brand-named watches, jewelry, gemstones, and precious metals.[1] Worthy, is headquartered in New York and was founded by investment banker Ben De-Kalo in 2014.[2]

History

Worthy.com was launched in May 2014.The company got its start when De-Kalo and his wife wished to sell a diamond necklace in order to put the money from its sale toward a new one.[3] The De-Kalos found that their resale options were limited. De-Kalo saw an opportunity to create an online auction platform in which sellers send their items to a central location for appraisal, after which goods would be auctioned online to a network of pre-selected professional buyers.

The marketplace itself is solely online, with the availability of walk-ins for the item submission stage.[4] Goods offered for resale are also physically evaluated and stored offline during the auction process. It is distinguished from other online auction marketplaces by its appraisal process and guarantees offered to both buying and selling parties.

External links

References

  1. Joe McCarthy (13 May 2014). "Worthy hastens auction time for pre-owned luxury jewelry, watches". Luxury Daily. luxurydaily.com. Retrieved 29 September 2014.
  2. Paul Johnson (28 June 2014). "Interview with Ben De-Kalo, CEO and Founder of Worthy". aluxurytravelblog.com. A Luxury Travel Blog. Retrieved 29 September 2014.
  3. Emili Vesilind (14 May 2014). "New Website Aims to Take Appraisals and Secondhand Jewelry Sales Online". JCK MSGAZINE. jckonline.com. Retrieved 29 September 2014.
  4. Dan Berthiaume (8 September 2014). "Auction platform Worthy to move headquarters to NYC". Chain Store Age CSA. chainstoreage.com. Retrieved 29 September 2014.
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