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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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TechApple

Gazelle promises to buy your used Apple Watch

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
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March 19, 2015, 12:19 PM ET
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook announces the Apple Watch during an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. is expected to unveil more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment. (Photo by Stephen Lam/Getty Images)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook announces the Apple Watch during an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. is expected to unveil more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment. (Photo by Stephen Lam/Getty Images)Photograph by Stephen Lam — Getty Images
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The Apple Watch won’t be available for purchase for another five weeks, but Gazelle isn’t waiting. The Boston-based reseller announced Thursday that it will be buying used Watches whenever early adopters are ready to sell.

No models were specified, so the offer presumably includes the 18-carat gold Edition with its five-figure price tag.

How well any of these devices maintain their value over time is a question that will be raised most acutely if and when Apple releases a second-generation Watch. That’s when first-generation buyers will know for sure whether the smartwatches they’re wearing can be upgraded.

Gazelle, of course, can’t answer those questions. But it did offer, by way of guidance, this table of trade-in prices the original iPad (16GB Wi-Fi-only) was able to command one and two years after its release:

448473612837

 

Click to enlarge.

“As the numbers suggest,” writes Gazelle’s Kevin Walther, “the first generation iPad held its value remarkably well over the years, even after Apple announced subsequent versions. We expect a similarly strong market demand for second-hand Apple Watches. Bring on the trades and the sales.”

Link: Apple Watch enthusiasts rejoice!

Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at fortune.com/ped or subscribe via his RSS feed.

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