Your collection of vintage and collectible watches has been a source of joy for years. Now and then, you may look at a particular watch and think it’s time to pass it on. Along with understanding how to sell your watch, it helps to define why you want to offer it to interested buyers. Here are five of the more common reasons why collectors decide to part with one or more watches.
The Increase in Value is Tempting
It’s come to your attention that one of your watches is enjoying an unanticipated surge in popularity. With that popularity comes an increase in the current market value. While you have no idea how long the trend will continue, it’s nice to know that the value today is significantly more than you paid for the watch.
Would selling now be a wise move? If you believe the increase is due to factors that will only apply for a short time, the answer is yes. Offer the watch for sale through a reliable source and see what type of offers you get. If one of them is attractive, feel free to proceed with the sale.
You Want to Buy a Different Watch
There’s another vintage watch on the market that you’d like to add to your collection. A decision has to be made quickly, since this particular watch doesn’t show up often. Given the fact that you need cash to make the purchase, it makes sense to turn to your existing collection.
If you have a watch that would be relatively easy to replace later on, consider selling it and using the proceeds to purchase this rarely available one. You’ll love adding it to your collection, especially knowing you can replace the other one in the next year or so.
There’s Two of the Same Watch
You’re not quite sure how it happened, but there are some duplicates in your collection. It could be that a loved one gifted you with a make and model that you already own. Whatever the reason, you’d like to sell the extra watch and use the money for something else.
In this scenario, selling the extra Datejust 41mm frees up funds that you can put toward a different watch. There’s no hurry; the money from the sale can always go in an interest-bearing account until you come across a different watch that you want to add to your collection.
It Was Never One of Your Favorites
The truth is that you were never all that crazy about the watch in the first place. Why not sell it and use the money to buy something that you genuinely like? What isn’t a favorite of yours could turn out to be the gem of someone else’s collection. By selling, you do yourself and the buyer a favor.
You Need Some Quick Cash
If you’re temporarily strapped for cash, selecting one or more of your watches to sell is a good way to remedy the situation. The right buyer will offer a fair price that you can use to settle whatever pressing obligations need attention. Along with protecting your good credit, settling those obligations also helps alleviate some of the stress you’re experiencing.
Remember that once the current crisis is over, you can always begin setting aside money to replace the watch later. With a little luck, the chance to replace it will develop within the next year or so.
If you’re ready to sell one of your watches, make sure to choose the right venue. Only deal with parties that understand the quality and will offer a reasonable price. Once you have this type of outlet, it will be easier to know where to turn the next time there’s the desire to sell a vintage or collectible watch for these or any other reason.
