If you have a luxury watch or two on your hands that you no longer want or need, selling it is an option and one that can make you some money too. If you have never sold jewelry or luxury watches before, you want to proceed with caution and not jump in with both feet forward – just yet that is. To help you navigate selling your luxury watch, we have compiled some tips from experts to help you through the process. Check them out below.
Tip #1: Research the Market
Do not sleep on this. Research is your friend and will teach you a lot about your watch from how much it is worth to how it should function. You want to have an idea of what your watch is worth BEFORE you sell it, so you know when a good offer is in front of you. Invest some of your time into conducting this research to give yourself the upper hand.
Tip #2: Choose How You Want to Sell
You have multiple options when it comes to selling your luxury watch and you will find that there are many watch buyers in NYC too. Each option available to sell your watch has pros and cons to it, so you will need to determine which option suits you best.
Some of your available options to sell include:
Tip #3: Know the Repair History
If your watch has or has not been repaired, you need to know this information. Does the watch have all of its original parts or were parts replaced? Has there been any damage to the watch? While there is no harm in needing a repair or maintenance – in fact, it is expected over time – it is important to divulge this information as it can affect the sale price of the watch.
Tip #4: Sell Everything with the Watch
While you may think that the extras that came with the watch are just extras, it is wise to sell them with the watch itself as this will net you more cash. Many buyers will look for these extras to be included. Some of the things you want to include are:
Tips#5: Avoid the Urge to Service It
If your watch is due for service, avoid the urge to service it before you sell it. While a watch in good condition fetches more cash, you do not want to spend unnecessary money on your watch just to turn around and sell it. Service can be quite expensive on a luxury piece and changing out original parts can cause the value to decrease too.
Sell Your Luxury Watch Today
If you are looking for credible watch buyers in NYC, the experts at NYC Jewelry and Watch Buyers can help you. Our experts will inspect your watch and provide you with a fair cash quote to purchase it. We are committed to purchasing all types of luxury pieces including Rolex, Omega, Audemars, Cartier, and more. Come on by our shop or give us a call to schedule an appraisal.