If you’re a collector of luxury watches, you may likely want to sell some timepieces in your collection in the future. Whether it is to downsize or cash in on its value, there are some things to do before you sell used luxury watch.
Organize the box and papers of your watch
The first step is to gather the box that your watch came in and all the essential papers such as warranty card, certification, sales receipt, and servicing papers. These increase the valuation of the watch as they vouch for the authenticity of your timepiece.
Find out your watch’s model and serial number
Every watchmaker will imprint their model and serial number inside the watch, on the back of the watch case, or under the bracelet. Serials numbers will help determine the age of your timepiece.
Research in-depth about your watch
Once you’ve figured out the above information, dig deeper. Find out if your watch was a popular model, a limited edition and if there’s a demand for it.
Check its condition for repairs
Your watch must be in good running condition if you want to sell a used luxury timepiece. A watch that has all original parts and is maintained well will have a higher value. Go to an authorized service center or experienced watch restorer if the watch is to be repaired.
Find out its value
The most crucial step after ascertaining your watch’s model number, history, and condition is to drill down to determine its probable value. Finding a similar timepiece listed for sale will help ease your search.
Take detailed pictures of your watch and get a quote
Click clear and detailed pictures of your watch as you’ll need to send these to an authorized watch dealer. By providing all the necessary details, you can get a preliminary quote from the seller.
Find out what’s the best platform to sell
The beauty of the pre-owned luxury watch industry is that there are various available platforms to sell old watches such as Second Time Zone! Read on to know more.
Sell, Consign, Trade-in or Auction?
While some clients have pressing matters to tend to and want to sell outright, some may want to consign with an authorized seller. An auction may be tedious to go through with no actual guarantee that the watch will sell.
Selling offline or online
The advantage of selling your pre-owned watch offline is that you get to physically see the brick-and-mortar store, meet your seller and have a one-on-one conversation.
Selling online means you have various options to choose from. However, always go with an authorized dealer as they can have long standing relationships with watch manufacturers.
We hope this guide makes your experience a smooth and easy one. If you wish to sell a pre-owned luxury watch, please feel free to get in touch.
