Sell your old Rolex watch online?

Want to sell Rolex watch, chiefly if it is an aged part, is occasionally sore to its owner. This is particularly true if the proprietor has an extended the past with the watch. Departure with it takes a set of strength and determination. So it is significant to create that once you decide to fraction with the watch, you get a high-quality cost for it.

There are several factors that need to be careful in advertising a pre-owned Rolex watch. An important consideration is the tightness of the band. A tighter band typically brings in extra cash than an elder looking, shabby out, loose band. The state of the dial is critical as well. Keep in mind that unique dials are appreciated more than renovate dial. This assessment is right even if the unique piece is not in tip-top shape.

Of course, the materials used in your Rolex will be considered as well. Most buyers typically look for watches made of white or yellow gold, 14k or 18k, platinum, and even stainless steel. Also, take note that buyers pay a premium if you have the original box and papers with the timepiece.

So how exactly can you sell Rolex watch? Well, a Rolex watch is not something most people can afford. It would be unwise to bind yourself to your area when it comes to selling Rolex watches. In this regard, here are a few options you can consider:

Reputable Local Dealer - dealers are usually the first choice among Rolex sellers. Most buyers can provide immediate cash for their needs. Doing business with local dealers is a proven way to sell your Rolex. However, you might not necessarily get the best price from them.

Highly regarded Online Dealer – sell Rolex watch in London to a reputable online dealer will open up a lot of opportunities for you. For example, it is possible to get a higher price in these transactions because the internet is a competitive marketplace.

Even if it hasn't been functional for some time, buyers will accept it especially if they are in the business. After all, they are professionals and are capable of making it work again. Ultimately, original and authentic Rolex watch will get the best prices for you. Just make sure to go to a legitimate buyer for your protection and profit.

Marketing strategy and Rolex economics

Rolex has just released for public sale a new model watch called the Milgauss to the public with a MSRP of $6,400. However, you will have little chance of acquiring one from an authorized dealer (AD)for possibly years unless you are one of the select few preferred customs. On the other hand, you can buy one from an auction forum such as E-bay for $15,000. It is a bit of a shock to the system, but that seems to be the price people are prepared to pay for this new model. 

The price is a function of supply and demand. Demand for the new Milgauss with its unique green tinted crystal is high and the number of pieces released for sale by Rolex is much lower than the demand.

The precise point in time a new model is released for sale is within the sole discretion of sell  Rolex. Rolex can wait until they have 10,000 pieces manufactured and in stock and then release the new model in an orderly fashion to cope with demand. Alternatively, Rolex can release say 100 pieces worldwide so that the model is very scarce and demand far outstrips supply.

So what are the real world consequences of a release of sufficient supply V. a small insufficient supply: to the public of a new model such as the Milgauss?

A plentiful supply of a new model to the market means:

(a) All enthusiasts, grey dealers and Joe average gets to buy one from an AD

(b) The grey dealers cannot ask outrageous prices (like 1-200% margins above retail) as supply does not permit that to occur.

(c) there will be a quantity of pieces for sale on e-bay and possibly at or a little below MSRP which will not please AD's who will not be able to extol the notion of 'exclusivity' or 'rarity' and who are also under increasing pressure to discount the new piece and reduce their profit margin.

(d) there will not be a false perception that the new model is 'exclusive' or 'limited' or 'rare' and dealers will not be able to tell their big spenders how fortunate they should feel having received such a 'rare' item.

(e) Sell Rolex submariner is still perceived as a luxury brand but when the 'exclusivity' of the new model is lost, it becomes less desirable to those who want something that Mr. Jones doesn't have a few doors down the road.

A scarce or very limited supply of a new model to the market means:

(a) many enthusiasts will miss out the opportunity to purchase from an AD for some considerable time, possibly years or otherwise spend a large sum buying it from a grey market dealer who makes more profit than Rolex;

(b) grey dealers and others who have a quantity buying relationship from an AD will get preference to buying the new model only to put it on the market for at least 100% margin

(c) AD's who favor their big spending customers can use the rarity of the model to illicit additional purchases from their big spenders (not necessarily Rolex) so AD's can use it to increase their total sales volume and profits;

(d) Joe Average has no chance to acquire this model from an AD for what may be a considerable time being possibly years down the track.

(e) Rolex and AD's cannot get any advantage of calling the model 'rare' or 'scarce' and able to promote an image of exclusivity to bump up price and procure collateral sales i.e. (f) Once the item is sold on eBay for a massive premium and ADs start to foster the orchestrated believe in the rarity of scarcity of the model, they took charge a premium for the sale of the new model.

(g) The enthusiast suffers buy now for 100% above retail or wait for an indefinite period

Why Selling Watches Could Leave You Scammed

It is simple for the man on the road to envisage from this that the preeminent place to sell rolex watch is in a public sale - and from many too-superior-to-be-right-but-it-is stories, that the most excellent place to find one such watch is at a boot reasonable, in your loft, or left behind by a storm.

For the majority of people, selling a watch at sale would be a tragedy. It's usually intimated on auction actuality shows such as Cash in the good deal search for those selling small valuables for a few hundred or a thousand or two is completely viable, but this doesn't take into explanation the costs concerned, or whether a sale is the right place to purchase or sell.

For first courses, there's the listing charge. If you want a public sale house to sell your objects, you have to give them to perform it. As you can see, auctioning somewhat that only sells for a few hundred pounds in the initial place can seriously wear down at the money you get. If it's any calm, the buyer of your thing will also give a commission fee on top of the bidding cost. So the public sale house really gets two sets of commission for every auction. Really, not much of a comfort is it.

Then there is the problem of what the watch will really sell for. If it goes in a common auction, the possibilities are it won't be what its value. This is because the accomplishment of the auction basically depends upon the people behest. If you don't have more than one person in the room who both knows the worth of your watch, and, more outstandingly, really wants it, then no one will offer to buy it.

what are the things to keep in mind before selling your Rolex?

The market for per-owned watches is becoming increasingly popular and competitive. Like most jewelry items, a watch will generally lose a high percentage of its value once it has been purchased. What makes watches different is that they are hugely collectible, so you may find that a very expensive, limited edition or antique timepiece may fetch a high price. If you have a watch which you are considering selling, here are some tips for success.

Do your research

Before selling, you will need to have detailed information on the product and its value. First, contact the watchmaker to request any specific information that might be available based on the item's serial number (found on the back or the box) then has it appraised. If there isn't a reputable dealer in your area then utilize a price guide book to generate a benchmark value. Then, you can utilize on-line auction site to get a sense of what people are actually paying for the item currently. Use both the current auction listings as well as the log history to get a sense of the trends. Pay attention to the qualities that may cause one piece to Sell Rolex for more or less than average.

Have realistic expectations

The market for watches is very unpredictable. It will rise and fall with the economy and fads. Also, different people will value the same piece a widely different prices for different reasons. Watches that sell for top dollar have usually found a buyer who has a unique connection with that particular piece. Perhaps it completes a part of their collection, or replaces a piece that was lost. It may have a sentimental connection to a deceased family member or to a special place. Thus, they may be more willing to pay full price for the watch than a potential buyer who does not have the same connection.

While there are plenty of guides available to successfully selling products on sites knowing how to Sell Rolex Watch or who to sell it to is not something that can be easily taught. If you do not have the time and patience to learn the market, you may want to consider utilizing a third party to sell your piece. A private dealer will usually provide the quickest turnaround while an auction house will usually provide the best chances of getting top dollar for your piece.