Learn everything you need to know before selling your used watch.
Whether you’re a collector selling all your watches, selling a watch that you no longer wear or simply want to know the value before you decide to sell, here are some key tips to help you sell your watch. Learn how and where to sell your used luxury watch.
But with more options, it can also be more challenging to decide on the best way to sell a secondhand watch. So with that in mind, we have put together a comprehensive guide to selling pre-owned luxury watches to help you with the process.
Locate The Box And Papers That Go With Your Watch
First, organize by finding the warranty card, paper or certificate that originally came with the watch. Next find the original box, sales receip and paper work from the last time the watch was serviced? Box and papers make your timepiece more valuable.
Having all these things makes selling the watch much easier as they attest to the authenticity of the timepiece. watches without box and papers are referred to as naked and many dealers will not buy your watch if it is not accompanied by some proof of authenticity. Also check to see if you have all the links or original buckle that came with the watch. You’ll improve the value of your used watch if you have these items. This is not to sat the you can’t sell your pre-owned luxury watch without these things but they do help improve the likelihood of getting better price.
Some watch manufacturers offer “Extract” papers. These are papers verifying the authenticity and date the watch was sold. Patek Philippe, A.Lange & Sohne, Vacheron Constantin, IWC and Audemars Piguet offer this service for a price.
Determine The Model And Serial Number of Your watch
Find out the model, model number and serial number before selling your pre-owned watch. You know the brand of your watch. It’s written of the dial. Now, what is the model? Rolex Daytona? Patek Philippe Annual Calendar, Audemars Piguet Royal Oak, Cartier Roadster? Good now drill down and identify the model number. If your selling an older pre-owned Rolex watch you will find this number by removing the bracelet and looking between the lugs at 12 o’clock. Other brands will engrave the model number the back of the case or inside the casebook of watch. Serial numbers are important due the fact that they can help peg the age of the timepiece. Other important numbers that can help you sell your watch are movement and case numbers (often required for extracts). These numbers identify your exact watch and some of this information such as serial numbers should not be posted on the internet due to bad actors and con artists.
Learn As Much As You Can About Your Watch
Once you’ve gathered all the key information such as brand, model and reference number, do some extra research. was the watch a popular model? was it made in small numbers (limited edition). Is there a demand for this watch? All good questions.
Condition, Condition, Condition
This is an extremely important part of the equation. Was the watch worn hard or was it kept in fine condition? Is it in running condition? Is the watch completely original? was it over polished? Were any aftermarket parts added you the timepiece? Obviously, a watch that is composed of all original parts, well maintained and not never polished is the best case scenario.
How Much is Your Watch Worth
This is the million dollar question. It’s where all the heavy lifting takes place. Combining brand, model, condition and market demand and you have the watches value. Drill down till you find a similar timepiece listed for sale.
Be Very Careful Who Works On Your Watch
To obtain top value for your watch, make sure anyone working on your watch only uses authentic factory parts. Never put aftermarket parts on or in your watch. Also, make sure only a well trained watchmaker details your watch. Incorrect polishing can ruin the value of a watch.
Get A Quote And Supply Photos of the Watch
If you uneasy about shipping your watch to a watch dealer, the next best thing is filling out a “Get A Quoter” form like the one in the left hand column of this page. By providing detailed information such as brand, model, model number, serial number and clear photos of the front and back of watch, you can get a preliminary price quote. This will also allow you to establish a relationship with the dealer before shipping the watch for final inspection.
Where Is The Best Place To Sell My Pre-Owned Watch
Today there are numerous options for selling your watch. Auction houses, platforms like Ebay and professional watch dealers. In our opinion the best place to sell your watch is at an Authorized dealer such as Harold Freeman Jewelers – Rolex AD.
Should I Sell, Consign, Auction or Trade In
Some clients prefer selling outright. Others who are not in any hurry may consider consignment with a trusted authorized dealer. Someone they have full confidence in. Using an auction is time consuming and no guarantee that the watch will actually sell. Fee are substantial.
Selling Your Pre-Owned Watch Offline
The advantages to selling offline are that you can physically visit the brick and mortar store. Meet the owners and sales associates. If the company has been in business for over 50 years like Harold Freeman Jewelers, that’s a good sign that it’s a safe place to sell your watch.
Selling Your Pre-Owned Watch Online
That internet is a vast universe of good and bad merchants. The best online situation is to conduct business only with “Authorized Dealers” like Harold Freeman- Official Rolex Jeweler. Authorized dealers have strong relationships with watch manufacturers and hold themselves to a much higher standard. One important tip is to look and see if a watch dealer lists an address on their site. If they do not, run away fast.
Expect Prompt Payment
We offer immediate payment after the watch inspection has been completed. Don’t settle for less.
The Ultimate Guide To Selling Your Pre-Owned Watch
We hope you’ve found our “Ultimate Guide to Selling Your Pre-owned Luxury Watch” has been educational. If you have an additional questions pleas feel free to contact us. One of our expert watch associates will be happy to assist you.
Want to sell a pre-owned Rolex or other fine brand? Let us know.