Selling Luxury Watches on Consignment For those considering selling a pre-owned luxury watch, whether it is the Rolex you simply never wear or your Breitling given to you as a gift, you will most likely be doi...
Selling Watches For CashOctober 24, 2016 - Watch Articles
Selling your old Omega? Got your eye on a new Rolex? Want to sell your second hand watch in Hong Kong? Or simply looking to raise some money for a vacation? Whatever your reason for selling, once you have decided to part ways with your timepiece the real question is how to get the best price. And how to do so quickly and safely.
Selling Watches Locally
Pawnbrokers and jewelry stores may be interested in purchasing your luxury watch. The advantages? No need to send your items elsewhere through the mail. The disadvantages? The amount you are paid.
Simply put, pawnbrokers and jewelry stores are not watch experts. It is unlikely that they will have the watch expertise required to price your timepiece accurately and competitively. Pricing a second hand watch is a complex exercise. You need in depth, technical understanding of the intricacies of a watch’s makeup: how the watch works and how damage affects resale value. It takes a trained eye to know the difference between a watch that has not been tampered with and a ‘Frankenstein’ watch (mix of original and non original parts). Although both may look identical, there is a huge price difference between the two. It also requires an understanding of the current second hand watch: how specific brands and models are currently performing as well as analyzing historical performance data. Small companies that only operate locally lack the global reach and contacts within the industry to make strong offers.
Selling Watches Online For Cash
While you can sell your luxury watch on platforms such as EBay and Craigslist, there is one main drawback: time. It can take weeks or even months for your timepiece to sell as you are waiting for somebody to be on the market for that exact watch, in that condition, at that price. In fact, there is no guarantee it will ever sell.
Online watch buyers are a great option for multiple reasons. You do not have the inconvenience of traveling for a price quote as you can do this from the comfort of your home. By simply submitting a few photographs of the watch and providing some basic information (brand, model etc.), you can typically receive a free quote in a matter of hours.
The process of selling your watch online for cash is quick and painless: fill out the online form, receive a quote, send your watch in (free, insured, FedEx shipping), receive a final offer the following day and get paid. Always research online watch buyers thoroughly. Read their online reviews from previous customers, check that they have an A+ rating with the BBB and that the entire process is free of charge.
When selling to trustworthy luxury watch specialists and buyers, you know that you are dealing with experts who can accurately value your watch based on the current second hand watch market. WP Diamonds’ watch expert Tom Pozsgay explains that “selling a luxury watch for cash is only easy when dealing with knowledgeable watch professionals who can make strong offers. This involves assessing the condition of a watch and factoring in repair costs, as well as analyzing the current market for that particular brand and model.”
Many of our customers have questions about the shipping of their timepiece. Mailing your watch in for a final price is safe and secure with WP Diamonds. Your timepiece is always insured and shipped overnight via FedEx overnight shipping. Track your package every step of the way and we will notify you upon arrival. Packages are opened on camera for your protection, you receive a price that same day and money in your account in as little as 24 hours. Should you decide not to accept the price, we return it free of charge, no questions asked.
Start the process today by filling out our online form and receive your initial price estimate.