EXCLUSIVE - Protection For The Unexpected: Collectibles Insurer Wax Partners With Luxury Bazaar To Allow People To Collateralize Luxury Watches


WAX, a modern, streamlined collection management, insurance and lending solution, has recently partnered with Luxury Bazaar, a top-tier international luxury watch dealer.

Through WAX’s capabilities and services, Luxury Bazaar will heighten its customers’ experience by providing access to industry-leading insurance, and the ability to collateralize their watches. 

“This partnership is a testament to WAX’s commitment to bringing industry-leading insurance and collateralized lending experience closer to our fellow collectors,” relays Rich Vinhais, CEO of WAX. The company’s mobile app removes the complexity of insuring collectibles and luxury goods and the need for extensive paperwork. In addition, WAX has recently introduced a collectible-based loan (CBL) program for watches in beta called WAX Credit.

“Super excited to partner up with WAX, a company that has finally implemented a one-stop product that takes care of our collector’s needs,” says Roman Sharf, Luxury Bazaar’s CEO. As one of the largest watch dealers globally with annual sales above $130 million, Luxury Bazaar is also known for its popular Grey Market YouTube video series. 

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