Do you have a heirloom vintage Rolex watch passed down to you by your grandfather? Do you want to sell it to buy the latest model or to get some cash? You first need to get a watch appraisal online or offline. You will get to know the fair market value of your timepiece. This value will give you an idea about your asking price.
Whether you own a vintage Rolex model or a contemporary timepiece, read this article if you plan to sell your luxury watch.
Watch Appraisal Online
To make your reselling experience great, it is recommended first to get a Rolex appraisal. Explore the website of Prestige Valuations. They provide watch, handbag and online jewelry valuation services.
A professional appraiser can assess the accurate market value of your coveted timepiece. An appraisal document will also be required for getting insurance for your valuable luxury watch.
Why Rolex Watches Are So Valuable
Several factors make Rolex watches so valuable. Let’s discover them here:
Market Demand
The Rolex timepieces are quite sought after. They are the first investment option for watch enthusiasts and collectors alike.
Craftsmanship and Aesthetics
The watches manufactured by Rolex are known for their design excellence. Their aesthetic appeal and impeccable craftsmanship make them a valuable asset.
Premium Quality and High Precision
Premium quality materials like gold, platinum, diamond and gemstones are used to craft them, making them all the more precious. High precision and complex movements add to the quality.
Brand Name and Trust
Over the years, Rolex has become a trustworthy brand name synonymous with luxury. Hollywood celebrities and who’s who around the world have been seen flaunting the Rolex timepieces.
Limited Edition
Rolex manufactures limited edition models. Less supply and high demand cause its price to rise in the secondary market. Collectors are ready to shell out a high premium for the limited edition models.
What Factors Impact The Resale Value Of A Luxury Watch?
A Rolex watch fetches a whopping amount at any auction. The premium, a watch can receive depends on various factors. We are mentioning them below:
Original Box and Receipt
When you go with a Rolex appraisal, its fair market value gets impacted if you have the original box and receipt. This proves your ownership and authenticity of the timepiece. In that case, you can fetch a better deal when reselling your coveted Rolex.
Condition
Online jewelry valuation or watch appraisal services consider the condition of your precious piece a crucial factor when determining its true market worth. A shining and properly functioning watch will fetch a higher price as compared to the one with scratches.
Tips To Resell Your Rolex To Get The Best Deal
Let’s learn some tips from experts to follow when planning to resell your Rolex timepiece. These tips will help you get the best deal:
• Make sure to sell your Rolex to a trustworthy buyer and beware of fraudsters.
• Choose someone who is offering a realistic price.
• Before you plan to resell your watch, get it cleaned and polished by a professional.
• Get a watch appraisal online so that you know its fair market value. The appraisal document will also have all the vital information about your watch mentioned in it.
• Remain open to negotiating, especially if you feel that someone is the right match for you.
• Transparency is crucial as it will develop buyer’s trust in you. So mentioning the real condition of your watch is important to get the best deal.
