The market for watches today is truly an interesting one. On the one hand, one might think that with the rise of smartphones, the demand for luxury watches would decline. After all, even the most luxuriously diamond-studded or silver- and gold-plated watch piece still has to tell time, right? Watches, in sharp contrast to necklaces, rings, bracelets, and earrings, are jewelry pieces that have been historically valued just as much by their functionality as their aesthetic appeal.
On the other hand, however, the very fact that watches are no longer as necessary from a functional standpoint as they once were only emphasizes their aesthetic side and enduring appeal. Even with their original function seemingly slightly anachronistic in the digital age, the aesthetic appeal of a classy and well-crafted watch is enduring, which in turn makes luxury watches a hot commodity.
As such, if you’re looking to sell your watch, this guide can help you do so safely and efficiently.
Get Your Watch Appraised
First things first; before you sell your watch, you’re going to want to know what it’s worth in the first place. That means getting your watch appraised, which means both tracking down a qualified appraisal team and learning the elements of watchcraft that are taken into consideration. For example, most luxury watches have a four- to eight-digit serial number that certifies their brand authenticity. For example, in appraising whether or not a watch is a genuine Rolex, an appraiser will look for this code along the six o’clock side of the watch.
In addition, there are several aesthetic and functionality-based factors that factor into the ultimate value of a used watch. The raw materials, including any jewels or precious metals, used in the construction of the watch can add greatly to its value as a piece of jewelry. As a watch in particular, pertinent aspects include the current condition of the watch in question, the extant value of the model in question, any special aesthetic or function-based features it may have, and the prestige associated with the model and maker.
Finding a Trustworthy Site
When it comes to the question of where to sell watches on the Internet, privacy and security are naturally the two biggest concerns and qualifying attributes by a long shot. Your watch, and your bank account at that, are critical assets and you’ll naturally want to make sure that any site on which you engage in trade has extremely strong vetting systems and safeguards built in so as to make sure everything is on the up and up. You’ll therefore want to research the reputations of online sites and only sell on the most reputable of sites, and only to the most reputable of buyers.
Finding a Trustworthy Buyer
Speaking of which, finding trustworthy buyers of watches and other pieces of jewelry online is, again, a matter of comparative reputation. A man (or woman) is only as good as his or her word in an economic sense and so you’ll want to research any potential buyers to make sure that they both have the money to pay you for your watch and that their transaction history is legitimate and without incident. The best watch and jewelry sites, just as many online stores, often keep track of the reputations of their buyers and sellers on their own so you’ll want to look into any buyer or seller data that they provide.
All this and more can help you get started in searching and finding a great deal for your used watch!