Worthy launches online market for used luxury goods

New York - Worthy has launched a secure online marketplace for the sale of pre-owned luxury goods to a network of qualified buyers that encourages multiple bids and optimal spot market prices. Sellers go online to Worthy.com and submit a description and image of the item they wish to sell.

Worthy provides the seller with its initial market value estimate based on this description, similar item transactions and the opinions of expert buyers. Once the seller accepts the estimate, they ship their item to Worthy's secure Texas operations facility using Worthy pre-paid and fully insured FedEx-overnight shipping label. Once the item arrives at Worthy, expert appraisers evaluate, clean and professionally photograph it in preparation for the online auction. At the same time, prospective buyers are sent an alert on the items about to be auctioned. The auction gets underway allowing qualified and targeted buyers a set period of time (usually 24 hours) to compete for the item. Upon acceptance of the highest bid by the seller, the payment is processed and funds are transmitted to the seller.

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