There is a moment in the life of every watch collector when they need to part with their cherished and adored timepieces. Whether it is just for the sake of appraisal or a deliberate act of downsizing your collection, knowing how to trade a wristwatch is indeed a rudimentary knowledge that everyone should know. Selling your pre-owned luxury watches is nothing like buying them, which is why special attention should be paid to essential details. Below are the four most important things to remember.
4 things to remember before selling your pre-owned luxury watches
Making up a set
First and foremost, you have to make your watch set look identical to the one you once bought in the past. It includes packaging, papers, added accessories, reference, serial, and other ID numbers. This meticulous documentation is a must-have since you need to demonstrate the proof of authenticity of your item, whether it is a Rolex watch or a piece by a lesser-known brand.
Doing market research
What is the worth of your watch? The majority of collectors, especially emerging ones, have no idea what factors influence the price of their watches. That is why you need to carry out detailed research beforehand. Pay close attention to the sales history, market value, and demand.
Servicing your pre-owned luxury watches
Many wonder whether they need to service their watches before selling them. The truth is that it all depends on you. Whatever you choose, you need to have a clear understanding of how the condition and integrity of your watch may push down or push up the price.
Choosing the marketplace
The secondary luxury watch market is in its prime. More and more people hunt for fancy timepieces. It is highly recommended that you find reliable and trustworthy watch dealers and avoid niche market players instead.
Selling your pre-owned luxury watches may sound like a nightmare, but when it comes to real life, the process won’t take much time and pain. Be sure to make a checklist of the four above-mentioned things, and you will greatly enhance your selling experience. Good luck!