Vintage watches are the most desirable timepieces that watch enthusiasts love to add to their collections. If you are planning to sell your vintage watch, then you need to consider a few things to get the best price. Getting watch appraisal online is the first step you must take before selling your coveted watch. There is a high demand for Rolex watches in the pre owned watch market, especially limited edition timepieces. If you own a timepiece of this luxury brand then get the Rolex appraisal done by an expert to know its fair market value.
Why Watch Appraisal is important?
When you plan to sell your vintage watch, it is essential to get a watch appraisal done by an experienced appraiser. An appraisal will help you know the fair market value of your timepiece. A watch appraisal for insurance can come in handy to know the replacement value of your watch in case of theft or loss. It will ensure that you are not underinsured.
The demand for vintage watches is quite high. After getting your watch appraised, you can decide what price you want to get for your timepiece. This will make negotiation effortless and will also ensure that you get the best price.
Set the Price of your Luxury Timepiece
The next step after appraisal of your watch is deciding upon the price at which you want to sell your precious piece. How much profit do you wish to earn? You can research online to find out the worth of your Rolex watch. Check out various catalogues online on different websites to find out a similar watch and at what price they are listed. You can find out the same brand and model, it will be very useful in deciding on your asking price. Once you list your watch on an ecommerce platform, you can either decide the price or you can go with the option of auction.
If you are searching for an online watch appraisal for insurance, your search will end at Prestige Valuations. They have expert appraisers for not only watch appraisals, but also for jewelry and handbag appraisals.
What is the condition of your Branded Watch?
The price of your branded watch will depend on its condition. If it is in pristine condition like a brand new timepiece then you can get a higher price for your piece. You also need to have the original box and all the required documents, such as the receipt.
How much price you can fetch will also depend on the brand of the watch and its model. Limited edition watches are quite popular in the market of used watches.
What’s the market demand?
Know the market demand for the vintage watch you want to sell. The more the market demand, the higher will be the price you can get for it. Some of the brands, such as Rolex, are more popular in the market of second hand watches and they are treated like commodities and are traded like stocks.
Find an online marketplace
The next step is to find an online marketplace to sell the watch. Create a listing, it should have a clear yet detailed description of the condition of your watch and whether it has been serviced or not. Mention if any of its parts has been replaced. Also, mention whether you have all the original documents or not.
You will have to upload high quality pictures of your watch. Take clear pictures from all angles and ensure that you take pictures under bright light. Dim lights will not result in clear pictures. Good pictures of your coveted piece will ensure a good price.
Selling a vintage Rolex watch can be profitable but it is crucial that before you list your watch on selling portals, you get a Rolex watch appraisal for insurance so that you know the accurate value of your timepiece.