Selling your Rolex? Here are 3 tips for watch trader to earn the best value

A watch trader is not an ordinary buyer and seller. Its role has been vital since the emergence of this luxury timepiece. One of them is keeping the liquidity of the watch in the market. The holders of the watch will find it easier to sell the luxury accessory at a fair price. In the eyes of the beholders, this watch type goes beyond time information. It speaks volumes about social status, achievement, and wealth. They intentionally pick the right time and moment to wear it. Usually, they choose to attend a high-level business meeting or a wedding. They wear expensive clothes or gowns, making the overall physical appearance classy and elegant. Some people purchase this timepiece type as an investment instrument. Some brands, such as Rolex and Patek Philippe, have strong trademarks, making them valuable investments. A watch trader will protect its client from price uncertainty. In this regard, the trader takes on various risks, such as market, authenticity, and condition. Scroll down for other insightful facts!

What exactly is a watch trader?

A watch trader is a professional who negotiates prices in selling or buying super expensive timepieces, hence gaining profits. This trader connects buyers and sellers in the luxury watch ecosystem. Instead of an authorised dealer, the trader usually operates in the secondary or resale market. As written above, this trader is vital to keep the liquidity of the watch price. Such a role is because not many own luxury watches. Without the trader, as the owner of the watch, you may find it difficult to cash out your collection. This profession is helpful if you want to purchase such a watch at a more affordable price. See the details of the job descriptions of the trader below:

• Buying: Purchasing watches from individual clients who want to cash out, upgrade, or rotate their watch collections.
• Selling: A watch trader sells watches to potential customers who want the timepiece products with competitive prices or immediate availability.
• Managing risks: Verifying authenticity, checking the condition of the watch, and evaluating the service history.
• Shaping market price: Once the watch enters the secondary market, the price comes from the agreement between the trader and the buyer.

Smart strategies to sell your luxury watch

With effective tactics, you won’t only avoid losses but also gain favourable returns. The strategies are quite comprehensive, including product authenticity and overall market value. Your selling point should be able to optimise the rarity and exclusivity of the watch brand that you own. This knowledge serves as the reference for negotiating with a watch trader. Besides, having a list of strategies keeps your decision unaffected by emotions. Unless you are in dire need of money, overreliance on feeling may lower the potential earnings that you will obtain. Let’s check the methods in the list below!

Researching the market value of your watch

Gain accurate information on the value of your timepiece as detailed as possible. For example, if you have a Rolex Submariner, check its price in the retail and secondary markets. In addition, follow the auction results, online marketplaces, or watch forums. All of this knowledge should give you enough information for negotiating with a watch trader. 

Keeping the complete set

Never throw the original box, papers, warranty card, tags, receipts or service records. All of these make up the full set of a luxury watch. They will be vital to enhance your price offer when you want to sell it in the future. Traders are willing to pay more for the watch with a full set like this. The value can be between 10% to 30% higher than selling the watch only.

Ensuring the condition is still good

Before you sell to a watch trader, check the overall timepiece. See if there are deep scratches or dents. Make sure your watch is free from all of those. Besides, clean and polish the watch, but not too much. The overall condition of your watch is the key to ensuring the premium pricing.

Sell your luxury watch confidently with Hatton Garden Buyers!

Looking for a trustworthy and experienced watch trader is another strategy to ensure you will gain the best price. Hatton Garden Buyers is the right place where you can experience a safe, practical, and advantageous transaction for your used watch. Our services guarantee transparency and customer satisfaction. You can track the overall transaction processes clearly using your gadget.  No hidden costs or pushy sales pitches will emerge along the way. Besides, we will offer the best possible price for you. Once we provide the offer, we will leave it entirely to the final decision. What are you waiting for? Contact us today to get the interesting offer. Or, if you have any other questions, don’t hesitate to contact us right away!