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Worthy – Selling Guide for Luxury Watches – A detailed selling guide for luxury watches, including tips on preparing your watch for sale and choosing the right platform for selling. Buyers of New York. (212) 642-4345. 30 W 47th St #8006. New York NY 10036.
- 30 W 47th St #8006, New York, 10036, NY
- (212) 642-4345
- Who Sells Their Watches?
- Why Sell?
- Selecting Watch(Es) to Be Sold
- Prep to Sell
- Service Before Sale?
- Modes of Selling
The opinion from all three watch specialists is that there’s no average seller. “Each seller and the story behind each watch is different,” Phillips’ Bacs says. “Every day may bring someone with a story we haven’t heard before.” Thomas ofSotheby’stold me about a man who came into the New York office with an oldish watch back in 2013. It turns out i...
Darracott at Bonhamssees two frequent reasons: piece(s) may be sold to buy another or there may be a wish to upgrade the collection by replacing a piece that’s already in it with a version that’s rarer and more valuable. Since upgrading has a cost, there might be a need to sell one or more pieces to acquire the upgraded piece. Phillips’ Bacs adds, ...
If you’re a collector or happen to have a few watches to sell, this may not be such an easy decision. Each watch may have a history with you, sentimental value, or you just may really like it. Be strong. You’ve already made the tough decision: something must go. Detach yourself from the emotion of choosing which gets cut from the flock. Here are so...
There are definitely some dos and don’ts when prepping a watch for sale. Bacs, Darracott, and Thomas all agree that sellers need to do the right kind of prep work to achieve the greatest value for their watches. The first step is to accumulate all the paperwork ever associated with the watch. Be sure to include the guarantee cards and/or certificat...
Consensus among the experts is that having your watch serviced before an auction is probably not a good idea. “Servicing can introduce a fault that was not there originally,” Darracott says. Bacs adds, “Let the specialist decide if and what kind of servicing should be done to the watch. For example, when we sold Paul Newman’s Rolex Daytona, the pie...
There are many markets in which to sell a valuable timepiece. The most common are private parties, reputable auction houses, and dealers. There are pros and cons with each sale venue. Pros and Cons of Various Sale Venues Unknown private party Risk: High, known only by reputation Cost: Low, no auction or broker’s fees, no commission Delay: Probably ...
Sep 25, 2022 · By Victoria Gomelsky. Sept. 25, 2022. The pre-owned watch market, projected to total around $30 billion in 2025, has been growing exponentially — to the point that, within five to 10 years, it ...
Consider factors such as the brand, model, age, condition, and any unique features it may have. Online platforms, watch forums, and past auction results are excellent resources for gauging the watch’s worth. Step 2: Choose a Reputable Seller’s Platform. In New York City, you have various options to sell your watch, both online and offline.
Aug 31, 2020 · Step 1: Find the right platform. There are several different avenues you can use to sell your watch, such as selling or consigning directly to dealers, consigning with auction houses or posting to online classifieds or forums. Not every one will work for every watch. “When I think through watches that I sold in the past purely as a collector ...
Jun 14, 2023 · Auctions can be marketing as much as they're a true market. A rutheniem Resonance sold for $558,800 at auction this weekend; meanwhile, you can pick one up for the cheap price of about $375,000 on the market right now if you're so inclined. This has been especially true over the last few years with F.P. Journe.
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Jul 28, 2023 · Selling a luxury watch in NYC requires strategic planning and an understanding of the local market. By following these steps, you can increase your chances of a successful sale and achieve the desired price for your timepiece. Remember to stay informed about the luxury watch market, prepare your watch for sale, set a fair price, choose the ...
