StockX Names David Lee General Manager of Watches

-- Fast-growing Detroit-based company known as the 'Stock Market of Things' continues to deepen its bench of subject matter experts --

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StockX

Jul 20, 2018, 09:45 ET

DETROIT, July 20, 2018 /PRNewswire/ -- StockX, the world's first stock market for high-demand, limited edition consumer goods, recently announced the addition of luxury timepiece industry veteran, David Lee as its general manager of watches. Lee comes to StockX from Eleven James, a New York-based online subscription rental service for luxury watches, where he served as SVP of inventory and head curator. Prior to his tenure at Eleven James, Lee spent six years managing the certified pre-owned department at Tourneau, the country's largest watch retailer. In his role at StockX, Lee will oversee the growth of the vertical, building brand partnerships and strengthening relationships with buyers and sellers.

"Our watch vertical has seen consistent growth since we launched it on the platform in May 2017 and with growth comes new and exciting challenges," said Josh Luber, CEO of StockX. "We knew we needed a leader who could take those on and without a doubt, David is that guy. Not only is he an enthusiast himself, but he brings to the table more than a decade of experience and a deep understanding of the market as a whole."

Lee joins StockX in the midst of a period of considerable expansion for the watch vertical. Watch business on the platform increased by over 400% in 2018 and more than 400,000 StockX users have identified an interest in buying or selling watches on the platform. Lee will work alongside Blake Buettner, who has served as director of watches since March 2017 and spearheaded much of the vertical's growth.

"There couldn't be a more exciting time to join the team," said Lee. "StockX is growing at a rate that is almost unrivaled in the tech world and that is due in large part to the talent behind the platform – I'm thrilled to have the opportunity to put my experience in the space and my passion for timepieces to work each day for a dynamic company that is truly revolutionizing the luxury eCommerce space."

StockX's live bid/ask marketplace launched in February 2016 as a place for "sneakerheads" to buy and sell shoes released in limited quantities. Watches were added to the site in spring 2017 along with handbags. Today, sneakers, watches, handbags, and streetwear are all available on the platform. StockX features brands including Rolex, Audemars Piguet, and Omega among others. As is the case across verticals, the platform aims to change the way watches are bought and sold by offering a transparent, authentic and anonymous marketplace that works for both buyers and sellers. Moreover, the StockX watch team is comprised of dedicated members of the watch community who themselves buy and sell, which ensures a better experience designed with innovation at its core.

Co-founded by Josh Luber, StockX COO Greg Schwartz, and Dan Gilbert, founder and chairman of Quicken Loans and majority owner of the Cleveland Cavaliers, the fast-growing 'new luxury' marketplace has many high-profile investors including Eminem, Mark Wahlberg, Ted Leonsis, Tim Armstrong, Scooter Braun, and Ron Conway. For more information, or to buy and sell on the platform, visit: www.stockx.com.

About StockX

Detroit-based StockX launched in February 2016 and is the world's first "Stock Market of Things." StockX enables the buying and selling of high-demand consumer products, including sneakers, watches, handbags and streetwear. StockX connects buyers and sellers by the same methods as the world's stock markets – using anonymity and standardization to provide real-time market pricing and complete transparency. All products are physically inspected and authenticated by StockX. The StockX platform also supplies in-depth market analysis, individual portfolio tracking, historical sales and volume metrics.

SOURCE StockX