Do you have an old watch somewhere in your house that you think might be worth selling? If so, read on…
For anyone looking to clear out their drawers and cupboards and make some quick cash at the same time, then it doesn’t get much better than finding a wristwatch in an old shoebox. These handsome little things can be extremely valuable and generally rise in value the older they get. If you’re not really a fan of wearing watches, then it’s entirely possible that one could get stowed away at the bottom of a cupboard for many years. Perhaps you inherited it from a family member or it could have been a gift many years ago! Either way, you’ve found it and have decided to sell it, so what’s next?
Is it actually valuable?
Of course, not every single old watch will get you thousands of pounds in a sale. It can depend on the make and model, as well as the condition of the item. A £20 Casio watch* you got from Argos definitely won’t be worth selling! Mechanical watches from Swiss brands are likely to be what buyers and collectors are looking for, as these generally have the best materials, as well as the prestige and reputation. If you’re lucky enough to find a Rolex watch in your home, then you could look at similar models on Chrono24 for an idea on price. The site also has its own appraisal service for free. A pre-owned Rolex Submariner, for example, could get you around £5,700!
*I should point out here that I have my Dad’s cheap Casio watch in a drawer in the living room and every hour on the hour, it beeps twice. It’s been there since the day he died and it might be worthless as far as money but it’s genuinely priceless to me as the beeping is really comforting for some reason.
Take good pictures and write a description
If you do decide to sell the watch, the buyers will want to see high-quality images from multiple angles. If there is a scratch or mark somewhere on the model, then it’s no point trying to hide it! Be honest with the condition in the photos and the accompanying description. Describe how old the watch is and if it still works, plus any extra details you think a buyer might want to know. The main thing to keep in mind is being as up-front and truthful as possible, as this means you’ll receive fewer messages from buyers asking for more info on the watch!
Where to sell
The aforementioned Chrono24 is a good place to sell online, but there’s also eBay or even an auction house like Christie’s. Auction houses are usually for the crème de la crème of watches, and any appraisal will tell you if it’s worth putting it up for auction or simply placing online at a set price. Avoid selling a watch at a car boot sale before getting an appraisal, as it’s actually quite common for clueless people to sell off some incredibly valuable watch for a few quid! Car boot sales are great for many things, but you’ll kick yourself if you flog an old Rolex for £1!
The process of getting a watch valued and then selling it can take some time, so don’t jump at the first offer you get, especially if you think you’re getting lowballed. If the watch is genuinely valuable, then it’s worth the wait to get an amazing price.
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