You know, of course, that your luxury watch is worth a decent amount of money, but you probably also want to know what your resale options are. Just like any other valuable property, luxury watches tend to depreciate and lose their value overtime, but there are a few things you can do to get the best resale price possible.
First of all you must analyze your reselling options. If your plans are to resell your watch through a third party, then consider the fact that working with an authorized dealer may not be the best way to go. A dealer will add his overhead charges and that will translate into a lower price for you. The best thing to do is to find an independent source to sell it.
But be careful, as you cannot just use any independent source. You must check around and find a successful one with a proven history of customer satisfaction and fair trading. It also must have all the right connections with private sellers, dealers, professional associations, and online sources; and it is even better if they have an expert team that can do an appraisal on your watch.
It is also a good idea to find an honest dealer, such as 300watches, that can give you a quote and offer you a choice: they can either buy your watch or put your watch up for sale through a consignment. You can also get some other quotes and check if you can get the independent source to match the best one. You can even do a trade-in and use your watch to buy a better one.
Another good idea is, if possible, to sell your watch with the original packaging and authenticity papers, just make sure the watch includes the manufacturer’s serial number stamp.
Something else to consider is the condition of your watch (is it working? Is it scratched? Are the needles loose?) . A watch under the original manufacturer warranty will have a much better price, and it will be even better if it is a vintage or limited edition timepiece, but if the watch has been personalized in some way then the price will drop.