The preowned watch industry is a multi-billion dollar market; there are rules and proper etiquette to abide by when buying or selling a watch.
Here is our list of tips and tricks for selling or buying a pre-owned watch:
Selling Your Pre-Owned Watch
Bear in mind that this is a buyer's market. Because there are so many people who are putting their watches on the market, buyer's can get your watch for as much as 50% off the retail price. Unfortunately, because of this, you might not get top dollar for your watch if you decide you sell it. A strong exception to this rule is if you're selling a certified preowned watch that is rare, limited edition, or custom-made; if this is your case, you need to stand firm with your price.
Make sure that you have quality photos of the watch you're looking to sell, as well as the model number. This will make it easier for the buyer to give you an honest appraisal.
Do not give away the entire serial number on your watch - if fact, only provide a portion of a serial number to reputable, confirm dealers. Providing a complete luxury watch serial number will make it easier for unscrupulous, counterfit watch makers to take your information and make a perfect replica of the watch.
Buying a Pre-Owned Watch
Make sure that you ask for the box and the original papers when you buy a preowned watch. Many preowned watches will come with their papers of authenticity, and the box it originally came in, but you shouldn't expect the warranty of a new watch.
Certified Watch Dealers
Don't buy a pre-owned watch from anyone but a certified and authorized pre-owned watch dealer. When you're ready to buy or sell your luxury timepiece, contact us today and let's discuss what we can do for you!← Back to the Blog