Watches are some of the most beautiful collections that all of us value in terms of money as well as emotional attachment. So, giving them away or selling them off is a big decision for us. However, there are certain steps you need to take before you sell your precious item to someone.
What most of us don’t know is that the secondary market for pre-owned watch owners is already pretty big. There are many options available where you can sell used luxury watches. You have online sites like T. H. Baker, which has a huge collection of watches where you can both sell and buy.
Before you do so, here is a comprehensive guide that can help you sell your second-hand watches:
- Gather all the items that come with your watch. This would include things like the original box, warranty cards, packaging, receipts and the service records. If you have all these things in place, then the entire selling process will move smoothly. Original documents are one of the best ways to show that your product is authentic and genuine.
In this way, your selling price could increase 15 to 25%. You’ll also have an additional benefit if you have any extra accessories like bracelet links, straps, cleaning cloths, hanging tags, setting styluses, etc.
- The other important thing to know before you sell watches is its model and serial number. A model number will let the buyer know the edition of the watch. Also, the serial number is unique to the watch and can help to get more money by selling it.
There are various ways to find these identification numbers. You can find them in the original paperwork or on the watch itself. Different brands have different locations where their ID would have been written.
- Now that you have all the important information about your watch, you should do online research to find its history, market value and demand. If it is popular, your watch might get a good value.
However, remember one thing, no two watches will get the same price as there are other factors that must be taken into consideration, including the current condition of the watch and its service history.
- When it comes to servicing your watch, it will all depend on its current condition. However, remember that servicing luxury watches can be expensive. So, it is hard to determine whether you will get the money back by selling it. Most buyers would prefer to service their watches themselves after buying them.
As a responsible owner, it is always good that you service your watches yourself every few years to keep them in tip-top condition. A watch that is in working condition and free from scratches and dents will surely get a good value.