Are you an avid watch collector looking for a traditional watch to add to your collection? Selling a piece already in your collection may bring you enough cash to purchase a luxury watch you have had your eye on for years. A luxury watch is a major investment. In most cases, demand far exceeds supply. That’s why your watch may be more valuable than you think, especially if your watch is one of the few exceptional models from one of the world’s most prestigious watch brands.
Collectors, however, are very selective and particular about the replica watches they choose. Hopefully, they will examine your watch carefully before quoting a price. If you are considering selling your watch, here are five tips to ensure you get the best deal possible.
The most reputable watch sellers and buyers ensure that their watches are 100% authentic. Having complete and available documentation can increase the value of your watch.
It pays to know 100% of its value, possible history, model history, uniqueness and condition. Start with the model name, model number and serial number. Since you have the documentation at hand, these details are straightforward.
Once you have determined the exact model and age, it is time to determine your watch’s market value. It has amazing value, especially if you have a rare and sought-after Patek Philippe or Rolex watch. Certain watches, such as the Rolex Submariner Date Kermit, retain their value even with scratches.
For most watches, having a large scratch means a significant drop in its appraised value. In addition, the lack of essential parts can also cause a significant drop in its price. An appraiser will provide you with a condition rating to evaluate your watch’s functionality and physical condition. Having your watch restored to its luster can help increase its value.
Whether you plan to sell your copy watch online or not, get maximum visibility for any piece you intend to sell. Make sure that the photos you take accurately reflect the original condition of your watch when you restore it and enhance its lovely features.
If you have an extremely rare historical watch, an auction house may be a viable option for you to consider selling your watch. However, be prepared to pay a commission, which may reduce the take-home pay of any deal you make for your watch. Selling online does not mean you intend to finalize the sale through this channel. Instead, use this as a platform to test the market’s demand.
When selling your fake watches, know the particular model you are considering selling and your market. That way, you can prepare your watch and present it in the best possible way to make it more attractive to potential buyers.