When you’re looking to sell a Rolex, naturally, you want to ensure the process goes smoothly and that you get the price you’re looking for.
There are a few things to keep in mind as you start the process of selling your Rolex timepiece. Let’s start with the factors that will influence the value of your watch.
- Reference number. This is the number that you will find in between the lugs at the 12 o’clock position. However, you will only see it if you remove the watch bracelet or strap. This number is 4 – 6 digits long and will provide the dealer and buyer with specific information on the watch.
- Serial number. This is the number you will find in between the lugs at the 6 o’clock position. Again, the bracelet or strap will need to be removed to find the serial number. You will also find the serial number on the paperwork for the watch.
- Market value. Next, you want to get an idea of the watch’s current market value. Rare pieces will attract a higher selling price.
- How well you’ve cared for your Rolex will also determine its value once it comes time to sell it. Watches that have been kept in a safe place for years will cost more than one that has a bit of wear and tear.
- Box and paperwork. The original box and paperwork validate the authenticity of your Rolex timepiece. If you’re able to produce this, you should be able to sell it for more.
Additional Considerations When Selling a Rolex
Once you’re ready to sell, here are some additional considerations:
- Find a reputable dealer. The dealer you choose to assist you with your watch sale can make a big difference to the overall process and experience. Not all dealers are as transparent as they should be so take the time to find someone with good reviews and who specialises in Rolex timepieces. It’s also highly recommended that platforms such as eBay be avoided as not many buyers will be willing to buy a high-ticket item from someone they don’t know. If this will be your first time selling on a platform such as eBay, you won’t have a reputation to rely on. It’s for this reason that’s best to rely on someone who already has a sound reputation.
- Have all the necessary information ready. The more details you can give a dealer or buyer, the easier it will be to sell your watch and get the price you’re hoping for.
- Shop around for quotes. Before you settle on one dealer, rather get several quotes from a few reputable dealers in your area. This will ensure that you get the best price possible for your valued timepiece. Ask each dealer for a final offer, which is what you will get out of the sale.
Once the sale has been made, your dealer will pay you directly. Unless you decided to sell directly to a buyer, in which case, it’s important not to hand over the watch prior to payment.