When looking to raise funds, one of the most obvious choices is to sell your valuable possessions, such as your luxury timepiece. There are numerous options when it comes to obtaining money for your watches. T...
Selling watches without box and papersMarch 6, 2017 - Watch Articles
Much like when you sell any luxury good, having the relevant paperwork will help you get the best possible price. It is always recommended that you store your watch’s box and papers in a safe place as these play a part when it comes to selling. However, we understand that sometimes these can be misplaced or accidentally thrown out. So, how important are box and papers? And what how do these affect resale value?
Why it is beneficial to have the box and papers
Having the original box and papers to accompany your watch helps verify its authenticity. This verification allows for a quicker and easier selling process. The authenticity certification thus adds to the value of your watch. It also helps the resale of the piece, as watch collectors will pay a premium for a timepiece with its original box and papers.
In order for the box and papers to add value, however, they must be in good condition and intact with legible text. If your box and papers are in poor condition, they might be rendered insignificant and may not add any value to your watch.
So, how much is a watch worth without box and papers? It depends on the type of watch. Typically they are worth roughly 20% less on the secondhand market, but limited edition pieces are worth up to 50% less.
Can you sell a watch without the box and papers?
Absolutely. Not everybody has the box and papers, as over time they might get lost or not be in a presentable condition. At WP Diamonds, we understand that this may be the case and we can still purchase your watch without the box and papers. While other companies may demand them, we have the network and expertise to buy without.
It is certainly preferable to have the box and papers when selling a watch. However it is important to remember that people wear the watches, not the box and papers! Therefore, having the box and papers is helpful and adds value but your watch is by no means worthless without them.
How much is my watch really worth?
There are a number of factors that affect a watch’s worth:
- Box and papers
- If it is a limited edition piece
- Condition of the watch and if it has been regularly serviced
- If it is a vintage or antique timepiece
- Whether or not you still have all of the links
Top tip: Include high quality photos when selling your watch as this will help you receive an accurate initial price quote.
What to do if you do not have any information on your watch
If looking to sell a watch without its original box and papers, WP Diamonds can help. We are able provide you with an initial price estimate thanks to our watch buyers’ copious experience and expertise. To receive a final price, an expert watch buyer will need to examine the watch in person in order to validate its authenticity. For this reason, WP Diamonds offers appointments in New York, Los Angeles, Dallas, Birmingham (UK) and London (UK). We also offer free and fully insured shipping to our headquarters. Fill out our online form to receive your initial estimate today.