What Is the Best Way to Sell a Luxury Watch for Money?

Introduction

There are many reasons to sell a luxury watch. Maybe you want to downsize or reshape your watch collection, or the design is no longer trending, or maybe, you want to buy a new one, but you are getting short on money.

Whatever the reason is, you should know how to properly sell your luxury watch to get the maximum amount of money in return.

If you have decided to let go of the timepiece you no longer wear, the first thing you should search is where to sell your watch to find out how much you can get for the luxurious piece you own.

You need to follow the best way to sell your luxury watch. If not, your watch can get to the wrong audience, and you will get less than half the price of its true value. It will be a huge loss you don't want to experience.

So here are some steps that will help you on how and where to sell your used luxury watch for cash.

Keep the Whole Set of the Watch Safely.

Keep the receipts, packaging, papers, history, boxes, other accessories, basically, anything that comes with your watch safe and secured. The value of your watch will be significantly affected by the records you keep. Selling this along with your watch can help you earn more money and will make the selling process easy.

Get cash for luxury watches by showing the buyers the original receipts. It will give them some confidence that the price you are asking for is a fair one.

Also, keeping original documentation and packaging will show the potential buyers that the watch is 100% authentic, and this way, you can earn more money.

Selling a luxury watch that has boxes, documentation, and papers with them will increase the selling value of the used watch from 15% to 25%.

Select the Right Platform

When you are done collecting all the original documentation and boxes, you must have thought about the next step- what should I do next? Where to sell my watch online?

Well, the answer is to find the right platform. There are so many online platforms where you can sell your used watch legally. However, you should know that not every platform will work for every watch. You need to research the type of your watch and which will be the best way to sell it.

You should know your watch's worth in the market and then look for a platform that sells the watch at the same value as it sells on the market.

Great Photos are a Key to Great Selling.

Getting cash for your luxury watch is a big deal, so follow all the necessary steps to get maximum money in return.

After you have selected a platform, the next thing you should do is be an amazing photographer. At least try to be a photographer because photography really sells a product. It's the photograph that will attract buyers.

If it's not taken properly, they will automatically assume that the watch is in a bad condition. Try taking the photos in a proper light to make every feature clearly visible, and try getting an in-focus photo.

In short, if your watch is photographed professionally, you will see a lot more interest from the buyers, and maybe you can increase the price when too many buyers show interest.

How much is My Watch Worth?

It is easy to do a quick research online and know the current market value of your luxury watch but are they accurate?

That's why it is important to do thorough research on your watch to figure out what to expect when selling your watch.

Maybe you will see a sale in your particular brand of the watch from which you can figure out the current market value of your watch and decide when is the right time to set the watch up for sale.

But you should remember that market value is going to be higher than what you get paid for your watch because there are other things included such as margins, fees, shipping cost, etc. that will affect the overall selling price of your watch.

Use Social Media to Promote It!

You have done all the required steps, from collecting the documents to selecting a platform, researching about your watch, and finally taking good photos of the watch to upload it. But how will you attract viewers?

That's where social media plays its part. After you have taken some good pictures of the watch, it'd be a good idea to upload them on your Instagram or Facebook account to attract a larger audience. This tactic may help you gain more potential buyers than any other technique ever will.

Contact with our experts for your deal!