In recent years, there’s been a surge in wearable tech and smartwatches with the likes of Apple Watch, Samsung Gear, Fitbit, and so on flooding the watch market. Although these may be trendy items, for now, ...
How Much Is My Watch Worth?March 23, 2017 - Watch Articles
High-end wristwatches are the ultimate expression of luxury and artistry. Combining complex mechanisms with sophisticated designs, luxury watches such as Rolex and Patek Philippe are internationally recognized status symbols. You may be wondering: how much is my watch worth and where can I sell for the best price?
While all pre owned watches can be appreciated for their combination of craftsmanship and technical skill, their individual resale values vary greatly. Keep reading to find out which factors impact the value of your watch, or click the button below to get a free, expert price quote.
How much is my watch worth?
‘How much is my watch worth?’ may seem like a simple and straightforward question, but there are a number of different factors that are taken into account. The value of your watch is based on the following factors:
Luxury branded watches inherently hold greater value than watches from non-luxury brands. Aside from more expensive materials being used to produce luxury watches, the prestige of the brand name alone also adds value.
This is especially true if the brand is particularly popular at the time and place of selling, which is subject to change. However, some luxury watch brand names are consistently popular such as: Rolex, Patek Philippe, Cartier and Omega, to name a few.
2. Box and papers
Having the original documentation for your watch, including the box and papers is extremely helpful in determining the value of your watch. The box and papers alone add between 20%-50% to the second-hand price of your watch as they provide proof that your watch is authentic.
3. Model and Limited edition Pieces
Certain watch models are more sought after than others, regardless of the original selling price. It depends on what is in demand and what the current watch market trends are. At WP Diamonds, our luxury watch experts are constantly analyzing the secondhand watch market to determine both how specific brands and models are performing.
Limited edition watches typically have a higher secondhand value as rare items fetch higher selling prices. Identifying any special or unusual features will help assess the worth of your preowned watch and whether it is a collectible item or not.
4. Condition of the watch
- Is your timepiece in good working condition and has it been regularly serviced?
- Is there any damage or are there any missing parts?
- Has your watchat any point been altered with aftermarket parts?
The resale value of your watch will be considerably higher if it has been kept in a good and working condition and has non original parts. If your watch has been regularly serviced, this will help to keep the value of the watch at a higher price as it is something watch collectors look for.
Consider the age of you watch: are you looking to sell modern, antique or vintage watches? Just because a watch is old, does not mean that it is necessarily rare or that it holds much value. If your timepiece was part of a small batch of watches made, the value is more likely to be higher thanks to low supply and high demand.
How to get a price quote for a watch?
To get a price quote for your specific watch, it is important to work with luxury watch specialists.
Established in 2012, WP Diamonds is an A+ BBB accredited online watch buyer with over one thousand online reviews. We buy a wide range of luxury items, from stainless steel Rolex watches to diamond rings to Louis Vuitton handbags.
With a safe and fast transaction, you will receive the full amount that you are quoted with no hidden costs or fees deducted. We buy your watch directly and the entire process can take as little as 24 hours. Sell your watch online or in person today, simply click the button below to receive your price quote.