Have you received a heirloom luxury watch from your grandfather? Do you want to sell it? If you want to maximize your profit, getting a watch appraisal for insurance is a must. An appraisal lets one know the fair market value of the high end watch. This makes it super easy to crack the best deal.
Accurate Watch Appraisal Online
To know the accurate market value of your branded watch, you need to get a watch appraisal online by a professional appraiser. Top luxury brands in demand on the secondary market include Rolex, Patek Philippe and Audemars Piquet. An experienced watch appraiser can value any type of high end timepiece, be it antique, vintage or modern.
Prestige Valuations is a leading appraisal company. They have expert appraisers who can appraise luxury handbags along with watches. They also provide jewelry appraisal in NYC.
Knowing the true value is essential to setting a realistic sale price for your coveted watch. A watch appraiser determines the fair market value based on various factors. The most important ones are mentioned below:
• Brand of the watch
• Model (Limited Edition and rare models fetch higher value)
• Condition (scratches, wear and tear and damages)
• Demand for the timepiece on the secondary market
• Market Trends also impact the value of a timepiece
• Materials such as diamonds, gemstones, gold or stainless steel.
• 4Cs of Diamonds and quality of gemstones
• History and craftsmanship
• Authenticity and ownership
An updated watch appraisal for insurance can ensure the safety of your coveted timepiece. In case of an untoward incident, be it burglary or loss, you will require a certified appraisal document to get the claim.
How To Select The Selling Platform?
One can research online, especially on various luxury watch forums. You can sell your coveted watch either to an individual buyer or watch experts. When you sell your precious timepiece to an individual buyer, you might crack a better deal. However, it needs extra time and effort. Beware of non payment and scams.
On the other hand, you can sell your coveted piece to watch experts or list it on an online watch marketplace. For this, you need to write a description of your watch, mentioning all its features. You will also have to upload high quality photographs of your watch on the online marketplace. You can get a good offer online and have peace of mind due to secure transactions.
Tips To Maximize Your Returns
If you want to sell your precious piece on the secondary market and crack the best deal, it is recommended to follow the tips mentioned below:
• Ensure you have the original box, receipt and documents. This will prove your ownership and authenticity.
• Before planning to get a watch appraisal, get it cleaned professionally.
• It is also important to get it serviced to ensure it functions accurately at the time of appraisal.
• You must set a realistic asking price based on the brand, model and condition.
• Know the current market trends and demand for your watch.
A luxury watch can be sold on the secondary market to support you during a financial crisis. Accompanied with a certified appraisal document from a professional valuation company, you can crack the best deal.
Sandy D