Sell Watches Boca Raton
Rolex, Cartier, Breitling, Audemars, Patek Philippe…what do all of these watch brands have in common? They are all considered high end luxury watches. They tend to hold their value extremely well in the secondary market. Watch collecting can prove to be a valuable investment. For example, vintage Rolex watches fetch huge premiums by serious collectors. And the better the condition, the more money they fetch. It may seem like spending thousands or tens of thousands of dollars on a watch is a waste of money. After all, all it does is tell the time right? However, there are many serious investors who seek out pre-owned luxury watches for investment. They can easily gain value over time. But sometimes, collectors who want to sell watches Boca Raton don’t know where to go. It can be very hard to sell a luxury watch to an end user as an individual. Below are four easy steps when you want to sell your watch in Boca Raton.
1. Find a reputable shop
This is the most important step. You must find a reputable shop. Don’t just walk into the first place you see because it’s close to your house. There are a lot of places that are just looking to rip you off. Searching on Google or Yelp is a great way to find a great shop. Usually an established business will have many reviews written about it online. The less negative reviews the better. Also, you might want to check to see if they have an online store. See if the place you are thinking about going has similar inventory online for sale. It doesn’t make sense to sell your Rolex to a place that mostly sells lower end jewelry and electronics. Chances are they won’t know the true value of your watch and give you a low ball offer. You can also find a few places you like the looks of and call them. Ask them if they buy your brand of watch. If they stumble around and don’t seem to know much about the value stay away. Jewelry stores and pawn shops that deal with high end watches will be excited at the prospect of buying a Rolex and be very knowledgeable in the area.
2. Shop around
You definitely want to shop around. How do you know you are getting a fair price if you only go to one store? Go to two or three and see if the prices vary greatly. If they offer you $2,000, $2,100, and $1,200 you will start to get an idea of what your watch is worth. But what if you only went to the third place? You would be missing out on almost another $1,000.
3. Do your own research
Doing your own research is very important. Don’t just take someone’s word for what your watch is worth. Make sure you do your own homework. Look up the watch online. See how much it costs new. Look on eBay or other markets at the pre-owned value. How much are other jewelers and pawn shops asking for similar models? Does it look like a good seller? Is it a popular model? It’s very important to be knowledgeable about the watch before you dive in.
4. Negotiate
Remember that you can always negotiate. Just because the dealer offers you $2,000 that doesn’t mean he can’t or won’t pay more. Let’s say you have found a reputable shop. You’ve done your research. You’ve shopped around and now your ready to sell. By now you have a pretty good idea of how much to expect for your watch. Let’s say that you think you are being more than fair by expecting $2,500 but the dealer only offers you $2,000. Tell them, say you are looking for $2,500 and see what they say. Sometimes the dealer will give in and pay you what you are asking. It’s always important to negotiate as much as you possibly can.
