Verado
Verado
Jul 20, 2017 · 3 min read

How to Determine the Value of your Luxury Watch

Are you a proud owner of a luxury watch that no longer suits you? Does it lie in a box at the back of a cupboard? Now may be the time to look into selling it. But first, you will want to know how much it could be worth, right? Well, let’s look at some of the factors that come into play when valuing a second hand luxury watch.

Authenticity

The true value, and indeed a higher value, is easier to determine when a luxury timepiece comes with its original box and related papers. Most, if not all, luxury watches will be sold with an accompanying certificate of authenticity, which details the serial number, the merchant that the watch was purchased from and an official stamp.

Luxury watches need to be serviced regularly and taken care of. Any paperwork provided on these occasions is also helpful.

Brand & Model

It goes without saying that there are certain luxury watch brands which will achieve a higher figure than others. However, this isn’t always the case across the board for each brand. Some models are more desirable than others.

Own a limited edition timepiece? Is it engraved or one of a kind? Then, it may be worth more. Don’t simply google the brand, ensure you research your particular model too. Sites like Watchr can be used for such research providing that model is in stock. Of course, we can also assist with your valuation when you decide the time is right.

Materials

By materials, we mean gold, silver, rose gold etc… Certain precious metals can be worth more than others and this is something that is constantly changing. There are also many parts to the watch in terms of its mechanics that can also make it attractive to dealers. This can vary across brands and models. It is, therefore worthwhile checking your luxury watch paperwork to check this prior to getting it valued. Better to be clued up than ignorant to what your watch is worth.

Age

There are some watches that could become worth more as time goes by whereas other models may be worth less for different reasons. A brand may decide to re-release a particular model for an anniversary or with an upgrade. This can downgrade the versions before.

Age is also easier to confirm if the related paperwork is available.

Condition

As we mentioned earlier, regular servicing and maintenance of your luxury timepiece is essential. Why spend that amount of money and not polish it up every once in awhile? Links missing from the strap? New battery needed? Not keeping time? All of these small, easily fixed issues with your watch can decrease its value. At Watchr, we offer repairs for defects, a necessary 5–7 year revision, polishing and we can help with replacement wristbands. All you need to do is complete our online form and we will get back to you within 24 hours.

Happy selling!

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Verado

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Verado

Pre-owned luxury, verified.

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