If you are looking to sell your watch there are many ways to do it. You can either go to a local watch or pawn shop in your area. However, expect to get some low ball offers as these type of establishments mainly try to buy low and sell high. Reason being is that more than likely they don’t always have a customer for that watch right away. That’s means they have to put up their money hoping to sell it soon for a profit. However, most times watch dealers or even pawn shops may sit on an item for several months and even years. This means that their money is tied up. So, they have to play it safe and buy at a low price as they need to turn around items including watches as soon as possible.
Another place to try and sell your watch is through the auction site eBay. Ebay gets a lot of traffic so it’s a good place to sell. The downside to selling through eBay is that ebay charges a significant fee to sell a watch. Anywhere from about 8-15% of the realized price. There are two ways to sell a watch on ebay. One is through an auction style listing. Here you can post your watch for sale and set a reserve price of the minimum price you are willing to sell it for. Also account for the eBay selling fees, Pay Pal fees and even shipping fees when setting your reserve when selling items. There is also the Buy it Now option. The Buy it Now option is helpful because many times buyers want the item right away, they don’t always have the patience to wait for an item to end through auction. When using the Buy It Now option we suggest you use the Make An Offer option. This gives you some room to haggle with the potential buyer. Most buyers like to get a deal or at least the feeling that they got a good deal. So, by allowing them to Make n offer you are in a way inviting them to come and negotiate. Keep in mind eBay fees can be expensive, especially when selling a watch for a high price but it’s definitely an option when selling items.
You can always list your watch on craigslist. Craigslist is free to list so it’s good for sellers in that aspect. However, everyhtig free comes with a price. Craigslist gets a lot of spammers and sometimes even individuals who are trying to lure someone in for scams. So be careful if you use this route. Always use caution. Try to not give your physical address and instead try to met someone at your nearest bank. Here you will be safer as they have cameras and sometimes even security. never take personal checks, money orders or even credit cards. Take cash only and make sure the cash looks legitimate.
Major Auction Sites
A different option is selling through a large recognized auction firm. Such as Antiquorium, Sotheby’s, Christie’s and several others. Keep in mind that selling hrough these firms they do all the work. They photograph your watch, list it on their website and they already have a large customer base for watch buyers. The down side of selling through these firms is that it usually takes several months just for your watch to be listed at auction. The the auction might be posted for a month or so. Additionally, there is no guaranty your watch will sell and you still have to pay a minimum consignment fee if it doesn’t sell. If your watch does sell, you also have to pay a percentage of the price realized, which can be anywhere from about 20-30% of the hammer price depending on the auction firm.
These are just some of the methods in which you can sell your watch. There are many other websites online that can help you sell your watch but for the most part they have little traffic compared to the sites listed above. However you decide to sell your watch make sure you do your research first and always use caution, especially on more expensive items.