There are watches inherited from the family members, and then there are watches received as gifts. There are even watches you might have bought in the past, but they are no longer in vogue.
These and many other such situations lead to collecting used watches in your home that do not fit your taste any longer. So, what do you do with them? How can you put them to good use without having them collecting dust in the drawer?
An excellent way to get the most out of your used watches would be to sell them. Now, this can be a bit daunting, complicated, and scary. But with a bit of know-how and research, you can easily understand the process of trading your watch like a professional.
Downsize Your Watch Collection
All this time, if you have been asking yourself, “How to make the most out of my used Rolex watches? Then you must learn to downsize or curate your collection. The process involves selling one or two of the timepieces to keep back just the ones you prefer over the others.
Looking for a Reputable Dealer
Without getting hold of a reputable and genuine dealer, it might get difficult for you to sell your watch at a good price. However, there are varied options available to you. These include online marketplaces, auctions, and posting on web-based watch forums.
Nevertheless, your best option will be choosing a popular pre-owned watch dealer. This should be a dealer ready to buy used luxury watches of all kinds. These can be used Cartier watches, used Omega watches, or used Breitling watches.
Auctions will help you get the actual worth of your used watch, provided you decide to auction off an uncommon watch or an exclusive timepiece. Online marketplaces can also be a good option, but they come with the downside of commissions and fees cutting into profits.
The forums pose significant security risks, while the local jewelers might be the worst choice for their main focus is only jewelry.
Know the Market Value, Demand, and History of Your Used Watch to Get the Best Price
Being armed with important information about your used watch like a model, reference number, brand, and history will help you know the original market value of the same. All this and more detailed information about your used watch will lead you to make the most out of your watch. In other words, you can reap good profits by selling off your used watch.
Understand How Repairs, Aftermarket Components, and Condition can have an Impact on the Selling Price of Your Watch
The condition of your watch is one of the most significant factors determining the value of your used watch. If your watch is in perfect working condition without any visible damages, dents, or scratches, you can sell it at a good price.
Nevertheless, a lot depends on whether it is dial or bezel faded and whether or not it comes with a torn leather band or features a metal bracelet-like thing. All these things will be factored in when it comes to making the most out of your used watch.
Although the process of making the most out of your used watch can be a long one, it will be painless for you if you do your homework on time.