Are you trying to let go of a timepiece that you no longer wear?
The market for pre-owned watches is snowballing day by day, there are more & more options on how and where to sell your pre-owned luxury watches. However, with more options, buying & selling often becomes a precarious task. Don’t worry, your sweat spoofs here. We’re here to drop off the baggage concerning all the myths and apprehensions about selling luxury pre-owned watches to make a successful deal.
Here are some steps involved in selling your pre-owned watch.
Up on Toe with All Prerequisites
Before trying to sell your pre-owned premium timepiece the first and the foremost thing is to list all the prerequisites:
- The Watch
- Original Box
- Packaging
- Receipts
- Authenticity guarantee
- Warranty card
- Service records
- Links/original buckle with the watch
Original documentation and packaging not only dispel a buyer’s fears regarding the authenticity of your owned watch but it can certainly get you more price in your transaction than selling without them. If you lack some, don’t worry, as one can sell their pre-owned luxury watch without a few of these things. However, possession of all would improve the value.
Watch Specifications
Next, you need to know:
- Make/Brand and Model.
- Model/Reference number
- Serial number
Don’t hustle, we're here to guide each other. Once you have the details regarding the brand and the model, it is important to know the Model Number, but why?
The reason being, there may be dozens of different editions produced by the brand over the last few decades. Usually, brands place the model number either between the lugs at 12 o’clock or the back of the case or inside the casebook of the watch. Additionally, serial numbers hold importance since they are unique to every watch & help pin the age of your pre-owned watch.
Know Your Watch for the Buyer’s Interest
Once you have the vitals of your pre-owned watch by your side, sit down and find out what's in it that will intrigue a buyer. For instance – its history, the buzz it created at the launch, was it a limited edition, the demand for your model prevalent or not, sale listings of similar watch models, and more of these ‘all good’ facts. Also, all this information will help you align your expectations when selling your pre-owned watch.
Is the Pre-owned Watch in Good Condition?
Would you buy something with a scratch or a defect or from a platform where the seller hides information?
No, right.?
Give a good look at your watch and determine if it is in good working condition or not. There can be multiple aspects to this but we, at Pre-owned Time believe that the below-mentioned points are some crucial points to be tick marked before selling your pre-owned watch –
- If there is any aftermarket parts addition?
- Any visible damage (scratches on the crystal or dents in the case)?
- Has the bezel or dial faded?
- Has the metal bracelet stretched, or,
- Is the leather band torn?
It’s time to be clicked!
Now before you embark on your search on where to sell, it's time for your Watch’s stunning photoshoot. Take well-lit, clear high-resolution pictures of your pre-owned watch that you want to sell. The more the pictures, the more accurate the market valuation will be. Buyers want to see as many details as possible as it will enable the buyer to determine the authenticity and condition of your pre-owned watch before purchasing it. Clicks to include - pictures of the front (dial side), back (case-back), sides of the watch, winding crown, bracelet, buckle and many such attributes.
The BIG question – Where to Sell?
While there are both platforms – online & offline available for selling your pre-owned luxury watch, we will restrict our guide to the online platforms. The Indian luxury market is a niche but a booming market with more and more players looking to sell & buy pre-owned watches. With the internet, it’s a humungous world of platforms. The most reliable and most efficient way is to carry out business only with “Authorized Dealers” in strong relationships with watch manufacturers. Check if the information provided by them is authentic, like address, contact, brands dealt, etc. If not, you have your answer. Do thorough research about them by reading reviews, customer testimonials and online ratings.
Choose Your Favourite Outlet & Get A Quote
Finally, we’ve reached the last steps in selling a pre-owned watch. Once you have fixed the outlet/platform, you want to sell, request quotes from them. How to do it?
Usually, sites offer an online form, fill it by providing detailed information & wait for a preliminary price quote. Get in touch with their experts, have a quality assurance check done and there you are with the final payment in your bank.
We, at Pre-owned Time, host a talented team of experts that strive to provide you with a well-suited quote for your pre-owned luxury watch as per market standards.
Want to sell a Pre-owned Watch?
Connect with us.