Are you thinking of selling your watch? Perhaps you are getting a new one for Christmas or simply want a little extra cash to spend in the New Year? Whatever your reason, you will need to identify the best place to sell it.
Here we’ve shared five ways to sell your watch online and offline, along with some of the pros and cons of each option.
If you are planning to sell your watch online, it is likely that you have considered using an auction site like eBay. Using an auction website, you will be able to create a unique listing for your watch featuring all of the information buyers need to know, as well as photographs. You will also usually be able to set a minimum amount that you are willing to sell it for, so that if you only get a couple of low bids, you don’t end up selling it for next to nothing.
Whilst there are many benefits of using auction sites like eBay to sell your watch, you do have to be wary of fraudulent buyers and you will have to pay both a listing and selling fee for your watch.
High Street Pawnbrokers
If you are looking to sell your watch for cash quickly, you may want to consider using a high street pawnbroker. They will usually offer you cash for your watch in the form of a loan, the period of which will be chosen by the broker. If at the end of the loan, you don’t want your watch back, the pawnbroker will keep it and you will keep the cash.
The downside to using a high street pawnbroker is that you aren’t guaranteed to get a fair price of it.
If your watch is an antique, then it may be best to take it to an antique dealer to see if they would like to buy it or at least provide you with an estimate of its worth. It is likely that you will get a higher price for your watch (providing it’s an antique) from an antique dealer than you would online.
Watch Buying Website
One of the quickest, easiest and most convenient ways to sell your watches is to use a watch buying website. These companies specialise in purchasing all sorts of watches and provide a quick turnaround on the sale. All you need to do is specify the type of watch you want to sell and its condition and you will be given a price estimate. If you are happy the estimate, you can then send it off to be valued properly by the company. They will then send you a final price for the watch. If you are satisfied with it, they will put the money straight into your bank account but if you are unsatisfied they will return your watch to you.
The only downside is that sometimes you will have to pay to have your watch returned to you if you are unhappy with the valuation figure. Always check the terms and conditions!
Classified Ads Site
A final way you can sell your watch is by using a classified ads website like Gumtree. On these websites you can usually list items for free and leave an email address and phone number for people to contact you on if they would like to buy your item.
The only issues with using a website like this is that you may get people that mess you around and you will also have to make your own payment arrangements.
So there we have five ways to sell your watch! Some options are better than others but if you are looking for a quick sale, selling your watch to a watch buying website is your best option.