You may own a luxury pre-owned watch that you have decided to sell it in a pawn shop in London or any other big city. You may not have ever worn the watch or may have purchased it a few months back. Regardless, it will be considered as a second hand watch or a used watch. However, luxury pre-owned watches retain their value as they age. If they have been kept in an excellent condition, they would entice ardent collectors, watch dealers as well as pawnbrokers.
Here are three points that you should consider when selling a pre-owned watch to a pawnbroker. It may help you to get the best price of your luxury watch, making the process of selling more comfortable for you.
• Consider the brand, model number, box and papers and condition
If you want to sell your second hand watch, there are some essential factors that you should consider such as the watch’s brand, model number, box and papers and condition. A reputable and prestigious watch brand like Rolex, Cartier and Patek Philippe always hold their value and are sought-after in the market. The limited editions are rare, and thus, they demand higher prices when they are sold. However, the original box and papers often add nearly 5% to 10% to the second hand price of a luxury watch.
Another significant factor that is considered to determine an accurate estimated value of a second hand watch is the watch’s condition. If a watch is in an excellent working condition or has been regularly serviced, it will fetch you a higher price.
• Find out the value of your luxury watch
In many instances, a second hand luxury watch may worth a lot less than what you paid for it. But, in some cases, the value of particular watch models may increase due to their collectable status, rarity or because, someone prestigious or famous owned the watch. You can research online by browsing through your watch brand’s website or any trustworthy dealers’ sites. Although the price of the same watch model may change dramatically from one dealer to another, you will obtain a good idea of the current market value as well as what buyers are likely to pay for your watch.
As one of the high-end pawn shops in London, The Luxury Hut has a team of watch specialists who continuously analyse the second hand market to keep track of the current market value of used watches. You are likely to get an accurate valuation of your watch if you sell it to us. You can fill in our online form and receive your quote shortly after.
• Choose a trustworthy buyer
There may be many places where you can sell your pre-owned watch, but it is essential that you choose a reliable buyer to end up selling your watch at its best price. Pawn shops always look for luxury timepieces to buy. High street pawnshops like The Luxury Hut in London, UK have professional evaluators with extensive knowledge and experience in dealing with the second hand watches and market.
Bring in your pre-owned watch to us and get it appraised. With more than 40 years of experience, The Luxury Hut provides a fast, hassle-free and straightforward service to customers who are keen to sell their luxury watches. You can rest assured to receive the best possible value of your pre-owned watch that you are interested in selling to us.
Sell your watch to The Luxury Hut and get instant cash
With a luxury pawn shop like The Luxury Hut, you will receive cash payment immediately. The Luxury Hut pawnbrokers provide an accurate price for any pre-owned watches along with a quick payment service. You can also sell your pre-owned watch online to The Luxury Hut – fill up the online form and get an instant quote from one of the valuators experts.
If you are satisfied with our valuation, bring in your watch to us or send it. We will pay you via your preferred method of payment immediately.