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5 Things That Can Increase the Value of Your Luxury Watch

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In a hard-up situation, you may decide to sell your watch to raise some quick cash. Unlike many other assets, luxury watches of elite brands like Rolex, Omega and Cartier hardly depreciate with age. Indeed, many luxury timepieces possess a ‘collectability’ factor that helps to retain their value. However, watches that are not highly collectable can also fetch a higher price just because they are from a highly coveted brand.

Luxury watches may always tend to hold a high-resale value over the time, but with proper care and attention, their value can increase. Many potential watch buyers also often promise to pay top prices for the luxury pre-owned watches that are serviced timely and in good working condition.

If you understand the factors that play a vital role in determining an accurate value of a luxury watch, you will be able to sell your watch more comfortably for the most competitive price.

For those who are looking to ‘sell my watch’ or ‘sell watches for cash’, read the points below to know the things you should do or take into consideration to increase the value of your watch:

  • Keep your watch in good condition

One of the factors that play a significant role in determining the actual price of a pre-owned watch is the condition. A potential watch buyer always yearns for a good working watch, and an old timepiece in pristine condition can indeed fetch you more money compared to the ones in poor condition.

Thus, before heading out to sell your watch for cash, it is essential for you to ascertain the wear and tear of your luxury asset. While scratches, blemishes, or any damage in any part of your watch can result in a significant cutback in the resale value, it is always recommended to keep your watch in its original box and also, prevent it from getting wet.

  • Avoid polishing the timepiece

Although polishing may keep your used watch in mint condition and retain its shine, it is the nemesis of watch collectors. Polishing a luxury timepiece without taking any general precaution can cause microscopic scratches and also, wear away a watch case’s edges.

For example, the signature lug-twist on your Omega Speedmaster watch can become imperfect and blurred with polishing.

  • Try to sell your watch within five years

Luxury watches may hold a high value in the resale market over the years, but it is relatively difficult to predict the long-term value of these timepieces precisely. Popular models such as the Rolex Paul Newman Daytona or the Rolex Submariner usually demand a decent resale price over the first three to five years of ownership.

Moreover, with limited edition watch models such as the Omega Seamaster 300 ‘SPECTRE’, the chances of securing a higher value is more when selling, especially in the first few years.

  • Keep all the documents safe

While you can sell a watch without the original documents to a professional watch buyer in London or anywhere in the UK, it is true that a pre-owned watch without original papers will not fetch you as much as a second hand watch with its paperwork.

The original box, papers, servicing documents or other relevant paperwork (if any) will ensure your watch’s authenticity and also, ascertain its condition to an experienced watch buyer while enabling you to sell your watch more conveniently and straightforwardly for the highest price possible in the market.

  • Service your watch regularly

Ideally, a luxury watch requires regular servicing to maintain its value over the time. With this in mind, it may be a good idea to spend some time online researching the servicing needs of the major brands as it may vary from one brand to another. While both Audemars Piguet and Rolex have ten significant steps in their complete maintenance service, Omega claims to possess twenty-six servicing stages.

A luxury timepiece is an intricate machine powered by an engine that runs continually. Thus, two years servicing intervals are often recommended for maintaining its value. Servicing on a regular basis will keep your luxury watch in mint-condition and eventually, can get you the best possible price when selling it for cash.

How to Verify the Authenticity of a Rolex watch?

rolex watches

Rolex is a universally recognised brand committed to producing watches that represent the ultimate luxury, excellence and elegance. While the Swiss manufacturer is known to produce more than 2,000 watches each day, there is also a market that produces counterfeit Rolex watches varying dramatically in quality. In short-term financial emergencies, you may decide to sell your Rolex watch to raise some fast cash right away. Whether it was gifted or bought from the second hand market, you may find it difficult to establish the authenticity of your Rolex watch before selling it in London or anywhere in the UK.

Although the counterfeit Rolex watches are becoming increasingly advanced in recent years, some key things can help you to determine whether your Rolex timepiece is fake or real. Take a look!

  • Serial Numbers

The serial number of a genuine Rolex watch is engraved deeply into its metal. This number is situated behind where the band joins the watch’s body on the 6 o’clock side. On the contrary, a fake Rolex timepiece usually has the serial number carved with acid.

While a genuine Rolex watch will have its model number on the 12 o’clock side, counterfeiters do not often bother to change these numbers, and instead, they print the same digits on every replica. You can just remove the band of your watch by using a small paper clip or pushpin to see the model number.

However, the brand is reportedly known to have refined their methodology in this respect by muddling the serial numbers in the new Rolex productions. And, only a professional Rolex dealer can help you to date them.

  • Quality and weight

While Rolex produces watches of utmost quality and accuracy, counterfeit watch makers have become increasingly proficient at designing high-quality fake timepieces. A genuine Rolex comes with a precise engraving, solid bracelet links and will also, feel heavy. The coronet marking at the 6 o’clock position is visible only by using a magnifying glass, whereas, in counterfeits, it can be seen clearly with the naked eye.

Moreover, a real Rolex timepiece will be typically heavier than its counterfeits because it is made up of real metal and crystal. Your Rolex watch should feel substantial and solid on your wrist and hand.

The watch case also plays an essential role in determining whether your Rolex is fake or real. While the case back of your asset must be plain with no logo or engravings, new Rolexes come with a hologram on their case, making it a feasible way to help in verifying the authenticity.

  • Cyclops

Many Rolex watches feature a small window that shows the date and a small magnification lens or ‘Cyclops’ to make it effortless to read. Being a convex lens, you will feel a bump running your finger over it and is situated right over the date.

If the Cyclops over the date dial does not magnify the date, your Rolex is probably a fake one. A real Rolex magnification lens is apparently known to amplify the date up to 2.5x, taking up virtually the entire date window.

  • The Tick

As with any Rolex, the second hand in your watch will move so smoothly that it will not make any ‘ticking’ noise. Generally, the second hand motion in many watches may be jerky because they have quartz movements not automatic. Thus, when the second hand shifts precipitously, it produces the ‘tick, tick’ sound.

Reversely, Rolex movements are mechanical and self-winding. Indeed, a Rolex movement is broken down into eight micro ticks per second, making it look like a ceaseless motion. If you hear a slow ‘tick’ sound coming from your timepiece or see that the second hand jerking with every tick, you are not possibly wearing an authenticated one. However, every Rolex model features a particular style of hands. Like for example, the Yacht-Master comes with a thicker minute hand, whereas the hands of Rolex Daytona stretch a little bit longer, extending all the way to the hash marks.

While today’s Counterfeiters may be proficient enough to replicate the advanced movements of luxury watches like Rolex, they often use whatever components are available for saving money and hope that buyers may overlook such detail.

Choose a professional Buyer to verify your Rolex’s Authenticity

Although some fake Rolexes can be spotted easily by comparing it with another same watch, others may require trained eyes for checking their authenticity. Thus, it may be a good idea to take your luxury timepiece to a potential Rolex watch buyer in London or any other big city to assess its authenticity.  A professional watch dealer will not only determine your watch’s authenticity but also, can carry out an accurate valuation and ultimately, provide you with the most competitive price in the market if your Rolex is genuine.

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© The Luxury Hut is a trading name of Golden Cash Limited. Authorised and regulated by The Financial Conduct Authority for pawnbroking.
Registered in England as Golden Cash Limited. Registered Number is 07309335. Registered office address: Treviot House, 186-192 High Road, IIford, Essex, IG1 1LR.

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