Are you looking to make the most of your watch collection? Selling a vintage or the used watch can be a daunting task for any watch enthusiast. It’s important to consider the best platform to list your watch, formulate a listing, keep records, take great photos, and promote it to get the maximum profit. Following these five steps can help you make sure your watch sells for its true value.
Step 1: Find the Right Platform
When it comes to getting a loan on your watches, you have several options to choose from. You can sell or consign directly to dealers, consign with auction houses, or post to online classifieds or forums. It’s important to consider your watch’s value and use that as a starting point when deciding which platform is best. For lower-value watches (under $1,000), it may be best to post them on ChronoTrader or eBay. For watches that are particularly rare or unique, it may be best to go through an auction house to get the most money for your watch. For watches that are of a higher value, but are still relatively common, it may be best to sell or consign with a dealer.
Step 2: Formulate Your Listing
When writing your listing, it’s important to be both comprehensive and simplified. Include information such as when you purchased it, where you purchased it, how many times you’ve worn it, if it has been serviced, how it’s running, and if everything’s original or if anything has been replaced. Present this information in a clear and concise way, using bullet points if needed.
Step 3: Keep Records
When it comes to watches, records are key. Receipts, service history, and boxes are indicators of the authenticity and condition of your watch. If you’re selling a newer watch, letting buyers know what you paid for it can give them confidence that the price you want is a fair one. It’s important to convey that you have these records to buyers with photographs when setting up a listing.
Step 4: Take Great Photos
When it comes to selling a watch, good photos are essential. Photographs are the best way to indicate condition, so it’s important to take photos in good light conditions. To make sure your watch is properly displayed, follow some of the best practices for shooting watches.
Step 5: Use Instagram to Promote It
Instagram has become an integral part of the vintage and used watch market. If you’ve taken good photos of your watch, it’s a good idea to post them to your Instagram feed to drive sales.
By following these simple tips, you can make sure your watch sells for its true value and you get the maximum profit. Good luck!