![]() ![]() It’s easy to use and has a wide range of buyers around the world who will purchase your old timepieces at competitive prices. They certainly are tempting since they have a profound reach when it comes to buyers.ĮBay is the most popular online marketplaces for buying and selling almost anything. Online marketplaces such as eBay, Amazon, and Craigslist, or in the case of luxury watches, chrono24, are the most popular places for selling your watch. If you need to sell quickly, an auction isn’t the best option for you. On top, they charge additional fees for placement.Īuctions also take time. Christie’s and Sotheby’s for instance, will only accept watches that have a resale value above $5000. When it comes to high ticket watches, they need to have a good value behind them. That single piece would have to be pretty unique to grab their attention. In many instances, they want to sell an entire collection and not one piece. A single luxury watch will cost them more (in most cases) to try and sell than what they’ll make for it. They may not want to sell for you though. You and the buyer trust the auction house as the middleman. Their established reputations also remove the trust factor from both sides. They don’t have to restrict your piece to those who can be physically present. The delight of online marketing and auctioning is they can have clients throughout the world. They can cater your luxury watch out to thousands of watch enthusiasts instantly through online auctions. Well-established auction houses like Christie’s and Sotheby’s have a client list that can serve anyone’s needs. ProsĪuction houses are considered exclusive and draw high-end clientele. While auction houses tend to be licensed there are still some pros and cons when it comes to selling your luxury watch through an Auction House. With the advent of the world wide web, you have digital auction houses as well. The highest bidder wins their item at an agreed price between themselves and the seller if no one bids higher than this established amount then there is no sale – hence why auctions are called ‘unsaleable’. “ Sotheby’s” by ajay_suresh, licensed under CC BY 2.0Īuctions are generally held in public galleries, where they take place over several days and auctioneers bid on behalf of clients who are present at the event (or bidding remotely via phone). They’re also the most prestigious, as well as being one of the most reliable ways to have someone take it off your hands. Auction HousesĪuction houses are the most expensive way to sell your watch. Here are the four top places to try and sell your watch and why they may or may not be the best place for you. The best way to combat this problem is to take the fear out of the equation. With the advent of the internet and how it’s become a household staple for most, the access to online retail has grown exponentially, but there’s still a lot of hesitance and lack of trust when it comes to online transactions - and for good reason.īecause of this lack of trust and unease when it comes to the online market, when you’re looking to sell your luxury watch, you may be limiting yourself unfairly and reducing the amount you can earn for your beloved timepiece. ![]()
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