What Are Some Tips for Selling Second-Hand Watches?


Quick Answer

Selling second-hand, or used, watches is similar to selling any other type of used jewelry. Potential customers may be interested in what the piece is made of, how well it works, and whether it is genuine. Learn this information before selling any second-hand watches, and be transparent whenever answering questions.

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What Are Some Tips for Selling Second-Hand Watches?
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Full Answer

Selling more expensive, luxury watches often comes with additional considerations. For example, if selling via an auction, there may be hidden fees including a buyer's fee and a seller's fee. These can take a significant portion out of the final sale price. Being able to provide the original box and papers that came with the watch can increase the sale price and desirability.

Setting the right price is very important when selling a watch, particularly a luxury timepiece. If it is a relatively new model, consider looking up the original retail price as a starting point. For older watches, researching the market price is the best way to start. Evaluate the condition of the watch against typical wear and tear. The more damaged it is, the lower the price will need to be.

Some customers may be interested in financing. Establish a relationship with a financing company in order to make this process as streamlined as possible for the consumer.

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