Perhaps you inherited a watch, perhaps you bought it a long time ago. If you are curious about the secondhand value of a vintage watch or are looking to sell, our experts are able to help. Get answers to the f...
Where to sell watches online for cashAugust 23, 2016 - Watch Articles
If you are considering selling your timepiece, one of your first questions may be “where can I sell watches online?”. While you can look for buyers locally, you will most likely be very limited in options. Selling your watch online for cash is a popular route as it is a quick and convenient solution when working with a reputable company. And with a large number of online watch buyers to choose from, the difficulty lies in deciding which one is best for you.
1. Online Expert Watch Buyers
There are a variety of online watch buyers available but there are some key criteria to keep in mind when deciding whom to work with:
Competitive prices– Look for online watch buyers who truly are experts in the field. Established companies with experienced watch buyers have connections in the luxury watch industry, and as such, are in a position to make competitive offers on your watch. International companies also have the advantage over local companies when it comes to pricing. With a network of global distribution channels, they have greater buying power.
Reputation – Any company you work with needs to be accredited by the Better Business Bureau and have credible online reviews from previous customers. Be sure to do your research and read their Facebook and Google + reviews.
Safety of your watch– When sending your watch through the mail for a final price, you will want to feel comfortable with the entire process knowing that your watch will be safe every step of the way. The mailing should be free of charge, overnight, trackable and most importantly, fully insured. Any less than this should raise concerns.
Speed of payment- prompt payment is important. You will want to have the option of receiving a check in the mail or being wired the money into your account. Having the funds available to you within 24 hours of selling needs to be on your checklist when choosing a company to work with.
WP Diamonds is an established and reputable A+ rated BBB watch buyer with expert watch buyers available for appointments in New York, the UK or Hong Kong. You can also opt to send your watch in via our free, fully insured overnight FedEx shipping service. Track your watch every step of the way and we will notify you once we receive it at our New York headquarters. Receive a same day price and money in your account in 24 hours or returned to with the same overnight and insured shipping service. Get your free quote today and sell watches online for cash to WP Diamonds.
2. Online Auction Services
Platforms such as eBay or Craigslist offer an easy way to sell watches online. And while it is undeniably a great service, there is one main drawback: time. Although you can set your price, you cannot guarantee that your watch will sell within a timeframe that works for you. If ever.
Buying a second-hand watch is an expensive purchase that not all consumers are comfortable doing online from a provider that they are not familiar with, without at least a one-year warranty and without ever seeing the watch in person. For those looking for a quick, convenient and guaranteed sale, this may not be the best option. While its is a good resource for selling a great number of items, it is not always best suited for selling luxury watches. Also bear in mind that buyers are looking for sellers with a history of selling watches with great feedback and if you haven’t sold a watch before your lack of a track record will not help you.
You also have to consider that in order to establish a resell price, you would still need to have your watch examined by an expert in order to determine its condition. Should it need any repairs, this has a significant impact on the resell value. Watch wear and tear is not always visible to the naked eye, it is often internal damage that only an experienced watch expert can accurately spot. Pricing a luxury watch is a complex process that requires great technical knowledge and experience. You will want to work with someone who has an understanding of how much your watch is worth.