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WatchBox Introduces Specialty Financial Services Through Partnership with Luxury Asset CapitalPHILADELPHIA and DENVER, Dec. 5, 2018 /PRNewswire/ -- WatchBox, the leading global platform for the buying, selling, and trading of pre-owned luxury timepieces, and Luxury Asset Capital, a leader in the alternative financing market, today announced a specialty financial services partnership that enables WatchBox's clients to quickly access capital backed by luxury timepieces or other luxury assets held as loan collateral by Luxury Asset Capital. WatchBox has achieved global recognition for its trustworthy, easily accessible, and efficient solution for monetizing pre-owned watches. While many parallels can be drawn between collectible art and fine watches, auction houses and financial institutions alike have long offered financial services for the art market, while the watch market has historically not had the transparency nor liquidity to support comparable services. WatchBox and Luxury Asset Capital's specialty financial services enable clients to realize a broader range of options for their timepieces. "Our strategy at WatchBox is to deliver a full suite of services for the luxury watch buyer and collector," said David Kaplan, Chief Marketing Officer for WatchBox. "We buy, sell, and trade thousands of watches every year. Our partnership with Luxury Asset Capital allows clients to tap into the equity of their luxury assets without forfeiting ownership or future appreciation." The financial services offered in partnership with Luxury Asset Capital represent another avenue to 'unlock' the value in one's personal watch collection. "At Luxury Asset Capital, we enable clients to quickly and easily borrow against their past purchases, instead of leveraging their future b selling stocks or other securities," added Dewey Burke, President and CEO of Luxury Asset Capital. "There is a natural fit between Luxury Asset Capital and WatchBox. Luxury watches are consistently among the most popular assets our clients use as loan collateral because they retain so much of their value, and thanks to companies such as WatchBox, enjoy a vibrant secondary market." HOW IT WORKS LEARN MORE: www.thewatchbox.com/financial-services ABOUT WATCHBOX ABOUT LUXURY ASSET CAPITAL PRESS CONTACTS WatchBox | Caroline Kallman Joffe | [email protected] | +1 717 951 2259 View original content to download multimedia:http://www.prnewswire.com/news-releases/watchbox-introduces-specialty-financial-services-through-partnership-with-luxury-asset-capital-300760612.html SOURCE WatchBox |