During short-term monetary needs, people often decide to sell Rolex watches to raise instant cash. However, for naïves, selling a Rolex watch for the best value may seem like a complicated task. The second hand Rolex market is ripe with counterfeit dealers and timepieces. Moreover, the appraisals you obtain may also differ by hundreds or thousands of pounds. Thus, it often becomes too difficult to establish how much a Rolex watch actually worth. But:
There are indeed many potential Rolex buyers in London who ensure to make the selling process smooth and straightforward. Moreover, with a little bit of directed research and knowledge, you can also simplify the process. Here are five top tips for those who want to sell Rolex watches. Have a look to ensure that you obtain the most for your timepiece.
Five Tips on How to Sell Rolex Watches
1. Find out the Reference Number
When you decide to sell your Rolex watch in London, the first thing to uncover is the watch’s reference number. The reference number is a 4-6 digit number, carved in the case’s side. It is located in the middle of the lugs at 12 o’clock side. You need to remove the watch’s bracelet to see the reference number.
However, if you retain the original paperwork, you can also find the reference number in it. The reference number will exhibit some significant information about your Rolex watch. It includes the collection, material, production date, movement and others.
2. Know the Market Value
Whether you want to sell a Rolex Submariner it is important to research the watch’s market value. Some luxury watch owners tend to place more value on their watches than what it is worth actually. When you choose to ‘sell your watch for cash, remember one thing.
You may have purchased your Rolex watch for a lot more. Besides, your timepiece may have an emotional value attached to it. But, they will not influence the final price you are likely to obtain for your watch.
The actual value of your Rolex watch will significantly depend on many factors. It includes the watch’s condition, age, box, papers and current market value. However, it will also depend on how much a potential buyer is willing to pay for your watch. Rare Rolex watches may command a higher price than the more common ones.
3. Establish your watch’s condition
For those who are looking to sell your Rolex in London, it is essential to ascertain the wear and tear of your timepiece. The condition will significantly influence the overall value of your used Rolex watch. An old watch in mint condition may fetch you a higher price than a new Rolex in poor condition.
However, when it comes to selling a vintage Rolex, condition plays a tricky role. Many potential watch buyers consider many signs of ageing to be more valuable in vintage models. The signs include tropical dials, patina, original bracelet and others. In such instances, the more original elements a Rolex has, the more valuable it will be.
4. Box & Papers
It is indeed possible to sell Rolex watches without its original box and papers. Many potential Rolex buyers may also offer the best possible price for a Rolex watch in good condition but without box and papers. Thus, people who are looking to ‘sell Rolex no papers’, do not fret!
However, retaining the original documents may make the selling process more straightforward. With original box and papers, you are also likely to obtain a higher price. Moreover, the original Rolex factory part and each service receipt will increase your watch’s value.
Having the original box and papers are essential mostly for two reasons.
One, the box and paperwork confirm the authenticity of a Rolex watch. And,
Second, if you keep your watch in its box rather than loosely in a drawer, your watch will remain in better condition. And, as you already know that a timepiece in good condition is likely to command a higher price when selling it for cash.
5. Choose a trustworthy dealer
If you have decided to ‘sell Rolex watch London’ for cash, you may wonder:
‘Where can I sell my Rolex watch near me?’ or, what is the best place to sell my watch?’
There might be many places where you can sell your Rolex watch. But, the real deal lies in choosing a reliable dealer who can make the process smooth. A potential Rolex buyer genuinely understands the actual value of a luxury watch like Rolex.
Moreover, professional dealers always work to make the process of selling more convenient, be it is online or via appointment. Thus, take a few minutes to do a bit of research online and get appraisals from some of the trustworthy buyers in London. You can then, decide on a particular dealer who offers you the most convenient way to sell Rolex watches and also, a better deal.