5 Reasons Why Watch Collectors Love Rolex

sell Rolex watches

It is no secret that Rolex is ideally the most recognised and coveted luxury watch brand in the world. Since its inception, Rolex positioned itself as a watchmaker of reliable luxury watches that continue to appeal ardent watch collectors to date.

While some watch enthusiasts will know brands such as Omega, Breitling or IWC, but almost EVERYONE knows Rolex. For decades, Rolex watches have flaunted wrists of noteworthy individuals including the British racing motorist Sir Malcolm Campbell and also, Sir Winston Churchill.

With a distinctive design, high-end technology and precision, Rolex timepieces also tend to hold a resale value with time. Consequently, many people often decide to sell my Rolex watch or ‘sell Rolex watches’ in a hard-up situation to potential watch buyers in London or anywhere in the UK and raise the money they need.

Check out the five reasons why watch collectors love Rolex and indeed, tend to get pretty obsessed.

1.    Rolex has everything a luxury watch needs

Rolex watches have everything you need in a luxury watch. Of course, it tells the time! But the timepieces are the beautiful creations that combine updated technology and precious elements to maintain accuracy and look gaudy at the same time.

Another significant reason to love the brand is that Rolex excludes unusual complications. For example, the timepieces typically have no tourbillons, minute repeaters, power reserve indicator or not even, alarm function.

The fact is that the brand focuses on what it does the best, and refines the movement, the case and other details in progress. You will hardly find a rotating bezel that ratchets as smooth and clean as the one on the Rolex GMT-Master II or Rolex Submariner.

2.    Rolex watches are purpose-built

Rolex created many classic watch models for specific, functional purposes. And, watch lovers, especially vintage Rolex collectors love this notion. For example:

The brand manufactured the Rolex GMT-Master for Pan-Am’s pilots who were encountering a new phenomenon known as jet-lag. The pilots wanted a timepiece that could exhibit time of two time-zones at once. Similarly, the Rolex Submariner was created especially for divers.

3.    The Subtle Differences

The appeal of Rolexes resides in the varying bezels, crown guards, dials and other features. And, these subtle modulations allure the Rolex aficionados. More significantly, the nuances like an ‘exclamation’ dial, a ‘Bart Simpson’ dial or an ‘underline’ dial can boost the value as well as the collectability of a Rolex watch.

4.    Rolexes are tough and robust

With specifically mountain climbers in mind, the brand created the Rolex Explorer, for example, to be exceptionally tough and rugged. Special lubricants were used in the movement that could combat extreme temperature changes between day and night.

An Oyster Perpetual chronometer reference 6084 is one of the immediate forebears of Explorer that accompanied Sir Edmund Hillary and Sherpa Tenzing Norgay during their expedition in 1953 to the peak of Mount Everest. Today, the watch is yet in working condition at the Beyer Watch and Clock Museum, Zurich.

5.    Rolex watches hold their value

Hans Wilsdorf, the founder of Rolex, set out to prove that wrist watches could withstand the extremes of human activities. And, the enduring quest and passion for perfection by Wilsdorf has prevailed till date. The brand claims that each Rolex watch takes one year to manufacture and more significantly, undergoes rigorous tests at the COSC (Official Swiss Control of Chronometer) before they are launched.

Thus, all Rolex watches hold intrinsic value and indeed, the prices typically increase with time. Many potential Rolex buyers in London or anywhere in the UK often also promise to pay the highest price for pre-owned Rolex watches that are in good working condition. However, there are exceptions.

For example, the value of sport watch models like Rolex Daytona, Rolex Explorer and Rolex Submariner typically tend to increase faster and steadier in comparison to other prevailing classic Rolex timepieces.

Want to sell your Rolex watch in London?

For those who are looking to ‘sell my Rolex watch’ or ‘sell Rolex watches’, get in touch with the most trustworthy Rolex watch buyers in London like at The Luxury Hut.

We, at The Luxury Hut, provide our customers with a simple, secure and straightforward way to sell Rolex watches, be it is online or via appointment. Begin the process by filling up our online form (providing all the details of your Rolex watch as much as you can) and receive a professional valuation right away.

Alternatively, you can also call us on 0207 242 5411 to arrange an appointment and visit us at our office in Hatton Garden, London with your luxury watch. Whether it is a Rolex Datejust, Rolex Submariner or any Rolex model, you are likely to acquire a fair and competitive market price when selling your Rolex watch to professional watch buyers at The Luxury Hut.

5 Vintage Rolex Watches That Are Highly Collectable

sell Rolex

Rolex is one of the world’s most famous luxury wristwatch brands that hold the 64th position on the ranking of Forbes. Since its introduction in 1905, the brand has dominated the market producing some of the most iconic watches that represent the ultimate luxury, precision and class. While Rolex watches are known for their top-notch design, high-end technology and eminent heritage, some of the vintage Rolex watches are indeed the most expensive and coveted luxury timepieces in the market.

Here are top five vintage Rolex watches that stand out from others for their superior grandeur and quality:

•    Rolex Submariner 5513

Considered as the archetype of classic divers’ watches, the Rolex Submariner 5513 is one of the most sought-after vintage Rolex watches of all time. The watch’s production started in 1962, but the Submariner 5513 was launched in 1984. Today, this particular Rolex model is considered as an intermediate watch because it featured the original acrylic dome crystal like its previous predecessors in replace of the sapphire crystal glass.

The Submariner 5513 also integrates the new Tritium gloss dial and white gold edgings. However, over the years the white gold edgings have been changing their colour to highlight a rich cream, thereby making it a discerning aspect for collectables.

•    Rolex GMT Master 1675

The Rolex GMT Master is one of the most popular watches that expectedly enjoyed one of the most extended production runs in the brand’s history. While there are many variations of the Rolex GMT Master, the most famous model is the Rolex GMT Master 1675, especially the one that incorporates the red and blue bezel.

However, the pointed crown guards in the GMT Master 1675 offers a compact feel and look, but the most exceptional aspect is the Bakelite bezel. This bezel may not be as stable and rugged as a metal bezel; it is nonetheless highly coveted.

•    Rolex Explorer II

Although closely similar to the GMT Master, the Rolex Explorer II is unique and indeed, a collectable watch. The Rolex Explorer II 16550, in particular, underwent a profound update in its design and style. The timepiece featured an independent hour hand, a sapphire crystal glass, a quickset date component, chain wrist straps and a compact case, offering a rugged feel and look.

However, the most significant feature of the Explorer II 16550 was the dial. This model was introduced in two versions; one that has a black dial and the other with a white dial. But the fact is, today the ones with the white dials are reportedly more expensive than the black dials’ models. A chemical reaction is believed to have changed the dial’s ‘white’ colour to ivory or creamy colour, and most watch collectors consider it to be more alluring than the white dial.

•    Rolex Datejust 1601

Indeed, Rolex Datejust 1601 is one of the best and classiest vintage Rolex timepieces of all time. The watch comes in two versions; one made of gold and another is of stainless steel. In particular, this watch is designed to near-perfect and also, chronometer certified, featuring an efficient and complex movement.

Moreover, the Rolex Datejust 1601 is waterproof and possesses a compact yet sophisticated appearance. Unlike the Explorer II and Rolex GMT Master, the aesthetic appeal of this watch never fades or changes. The timepiece is expensive because of its smooth gold straps and case.

•    Rolex Daytona

The Rolex Daytona is reportedly one of the best Rolex timepieces that yet influence some of the brand’s modern productions. The watch excelled at measuring speed precisely up to 400km/hr. The notable features of the Rolex Daytona include the intricate tachymeter and the detailed-dial that integrates the classic symbol of Rolex.

The straps and the case are built of high-quality material, thereby offering a sturdy look. The complex movement under the hood along with the classic Rolex appearance makes the Rolex Daytona a perfect luxury timepiece.

Looking to Sell your Rolex Watch?

For those who are looking to ‘sell Rolex’, or ‘sell vintage Rolex’, complete our online form, providing all the details of your watch as much as possible and get an initial price quote shortly after. The Luxury Hut offers a quick and secure way to sell Rolex watches for the best market price. We will determine the actual value of your Rolex watch considering all the essential aspects and make a price offer that is ideally the best in the market.

The Luxury Hut ensures to make the process straightforward and hassle-free for you, be it is online or via appointment. Thus, fill up our online form now or call us on 0207 242 5411 today and arrange an appointment to visit us at our Hatton Garden office in London with your luxury watch.

5 Things That Can Increase the Value of Your Luxury Watch

sell my watch

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.

Pawn Your Rolex and Get a Quick Loan from Pawnbrokers Hatton Garden

rolex watches

During your short-term financial needs, you may decide to pawn your Rolex watch to raise some quick cash, securing a safety pawn loan from any trustworthy pawnbrokers Hatton Garden. While more and more individuals today are turning to pawnbrokers for acquiring an instant loan, high street pawnbrokers are monitoring and working to make the pawnbroking process faster, more secure and straightforward.

Rolex is universally recognised and by far, the most coveted brand both in the retail as well as the second hand market. Pawning a Rolex watch is an easier way to raise money when short of cash as most luxury watches retain their value well over the time. Although the higher demand depicts that getting a loan against your Rolex timepiece can be more convenient than pawning other fine watches, the real deal still lies in choosing a professional and trustworthy pawnbroker who understands the monetary significance of luxury timepieces like Rolex.

With a trustworthy local pawnbroker in Hatton Garden at The Luxury Hut, you are likely to secure the highest amount of credit, getting a loan against Rolex in a straightforward and hassle-free way. Here are some points that can help you to have the best experience and obtain the best value possible for your asset from the Hatton Garden pawnbrokers. Have a look!

  • Consider your watch’s condition

One of the aspects that play a vital role in determining the value of a Rolex watch is the condition. Thus, before you walk into a pawn shop to pawn your Rolex, it is essential for you to ascertain about the wear and tear of your watch. While a shallow scrape in your watch’s case, bracelet, or bezel may not influence its value, scratches, blemishes or any other significant damage in any part of your watch as well as missing links can bestow a direct impact on the amount of credit that The Luxury Hut pawnbrokers in Hatton Garden are willing to offer you cash on your luxury timepiece.

A pre-owned Rolex watch in mint condition may worth more than a watch in poor condition. The servicing history and its documents can help in assessing the condition while enabling the Hatton Garden pawnbrokers at The Luxury Hut to determine the actual price of your pre-owned Rolex watch.

Keeping in mind that appearance may also contribute a lot to the credit amount you expect to obtain when getting a loan against your Rolex, it is crucial for you to ensure that your asset is clean and serviced regularly. With a well-cared and well-serviced Rolex watch, you are likely to receive the best value and ultimately, maximum credit amount possible from any reliable pawnbroker like at The Luxury Hut.

  • Original box, papers and other documents (if any)

Ideally, the most obvious way to get the best value when pawning your Rolex with The Luxury Hut is retaining its original box and documents. While the papers like the certificate, receipts, warranty card and servicing papers will ensure your watch’s authenticity, they may also help in determining the final price that The Luxury Hut is willing to offer for it.

Although it is possible to pawn your Rolex watch without its box and papers and secure a collateral loan from a pawnbroker, you can always expect to obtain a better price with them and eventually, a higher cash loan amount.

  • Attach high-resolution pictures

While it is indeed possible to carry out a pawnbroking process online in today’s internet era, attaching high-resolution and clear images of your Rolex watch and also, of the box and papers (if any) taken from every angle is essential when you pawn your Rolex online.

High-quality pictures will not only help a  at The Luxury Hut to perceive its condition better but also can help you to obtain the price you expect for your luxury asset.

  • Get an initial valuation

It may always be a good idea to receive an appraisal from some of the trustworthy pawnbrokers in Hatton Garden before you pawn your Rolex, be it is online or via appointment. While an initial valuation can help you to know the value that any high street pawnbroker is willing to provide you for your watch, it is essential for you to choose a reliable one who can offer you a fair and honest quote.

With expert evaluators at The Luxury Hut, you are more likely to obtain the most competitive quote right away, and ultimately, the highest amount of cash loan possible for your asset. The process is quick, secure and convenient.
To get started with it, fill up our online form, providing the details of your Rolex watch or call one of our associates on 0207 242 5411 to arrange an appointment for visiting our premises in Hatton Garden, London with your Rolex watch.

Create your beautiful future buying an engagement ring from a pawnbroker

Has the time come to take the plunge and make your relationship permanent? While choosing a perfect engagement ring from a pawn shop is obligatory to make this moment perfect, it is also the first step to create a winsome future together with your true love.

You may take her to the place where you had your first date, following it up with a sumptuous dinner. And choosing a perfect spot, you finally bend down one knee and propose her to marry, opening a small box containing a beautiful diamond ring. As she leans over and peers for a closer look at the tiny stone, a sinking feeling subsides in the pit of your stomach. Now, you may be wondering:
‘Isn’t it sounding more like a fantasy than reality?’

Look:
This can end up being a fantasy if you walk into a high street jewellery shop to purchase an engagement ring and do not have the money to match its price tags. But you can virtually make it the proposal of your dream if you set your foot in a local pawn shop.

One of the many things that a pawn shop does is sell exquisite, high-quality pre-owned jewellery, including engagement rings. It is a lot smarter to purchase an engagement ring at a pawn shop at a fraction of the RRP.
Many people turn out at the opportunity to use the services that a pawnbroker offers, without even realising the riches that await them. Now, before you run out to your nearest jeweller, consider these advantages of shopping with a pawnbroker:

• Substantial savings

Unlike a high street jewellery shop, a pawn shop is not anxious about the original retail price of a jewellery item. The price tags that come with the jewellery items flaunted at a jewellery shop reflect the overhead they have to cover. With a significant amount of choices to choose from pre-owned engagement ring collection at a pawn shop, you can end up buying a perfect ring for your partner, saving a decent amount of money at the end of the day.

• New styles at a considerable discount

For some people, buying a pre-owned engagement ring from a pawn shop is a bad idea, probably for two reasons:

One, they think that a pawn shop has old, outdated rings. And,
Second, a used ring may significantly spell bad luck for a marriage.
Outside of superstition, the fact is that a pawn shop’s inventory includes high-quality and high-value engagement rings, both of new and old styles. With a little bit of luck, you may also come across an engagement ring of contemporary design that is just five months old at a good discount.
Want to know the best part?

Chances are pretty good that the previous owners cared for their ring enough, thereby preventing the stones from sustainable damage. While there is no perceptible difference between a pre-owned and new engagement ring, the money you can save by purchasing a second-hand ring is significant enough for making a difference.

Also Read: Pawnbrokers: A Brief Account of its Past and Present

• Antique and Vintage designs are stylish and increasingly famous

Unlike a jewellery shop, high street pawn shops in London or any other big city are not stuck with just a few designs. Instead, a pawn shop brings in many vintage and designer rings that provide customers with a brilliant opportunity to discover something out of the norm.

As with any other vintage jewellery, a vintage engagement ring may also come with a character and history of its own that sets it apart from others. And you are likely to find such a unique and one-of-a-kind piece only at a pawn shop.

So, here’s the deal

If you are looking to find the perfect engagement ring at the price of your dream and begin the next phase of your life, get in touch with any trustworthy local pawnbrokers in London like The Luxury Hut and explore their beautiful collection of pre-owned rings.

Pawnbrokers: A Brief Account of its Past and Present

Pawnbroking may not be known as the oldest profession of the world, but its origin can be traced back to more than 3,000 years ago when pawn shops first turned up. Pawnbrokers used to provide credit to the peasants while being supervised by Imperial authorities.

Pawn shops were famous in ancient Greece and Rome. While small merchants used a pawn loan to begin their businesses during the Middle Ages, the Catholic Church imposed restrictions on charging interests for pawn loans. This eventually hindered the growth of pawn shops. However, with the increase in demand for such kind of credit in 14th and 15 century, the constraints loosened.

The pawnbroking industry that we know today can be traced back to 15th century, Italy when the financially dominated noble Medici family divided in two. While half of the family members became bankers, others became pawnbrokers who took half of the family crest. This pawnbroking part of the family integrated today’s instantly recognisable symbol of the pawnbrokers- the three gold balls.

However, the symbol has also been ascribed to the story of Saint Nicholas who has saved three poor young girls from dire poverty by giving them each a bag of gold so that they could get married.

European citizens procured pawn loans to aid their families financially as well as to acquire new businesses off the ground. Sometimes, a pawn shop is also called as ‘Lombard’ in Europe, referring to the House of Lombard that was a recognised family known for lending money.

In the 18th century, people belonging to lower class borrowed money against collateral from Franciscan monks for little or no interest. However, in the latter stages of the 19th century and early 20th century, there were virtually as many pawnbrokers as public buildings in Britain, lending cash on almost anything from cutlery and bed linen to the best wardrobes. With the fright of the workhouse draping over the lives of the poor, they used to try all means to avoid it, even if they had to pawn their belongings to obtain some amount of money temporarily.

Although pawnbrokers had earned itself a prejudiced reputation in the past, its image has enormously changed over the last twenty years or so.

A Glimpse of pawnbroking today

 

The upsurge in the pawnbroking industry came during the credit boom in the 1980s, and it continued to flourish today with customers preferring this convenient High Street way to borrow money.

With more and more people looking to raise cash for a short period, the process of pawnbroking became an easy, quick and convenient way to secure short-term loans in the past few years. Today, there are many trustworthy local pawnbrokers in London or any other big city who provide entirely secure, transparent and straightforward service, making the pawnbroking process a significant alternative to any other way of borrowing money.

Rolex : The Pioneer Spirit That Conquered a History of Exploration

rolex watchA Rolex watch is one of the most delicate things to own that has a strong association with the history of exploration. The brand has been using the world as a laboratory since the late 1920s, for proving its watches’ excellence and precision under the real-life conditions. The leading spirit instigated the Rolex timepieces to pilot many Himalayan expeditions. For example, in 1953, the reliable Rolex Oyster Perpetual accompanied Sir Edmund Hillary and Tenzing Norgay to climb the Mount Everest. The observations in the harshest environments had an enormous impact on the quest for higher robustness, precision as well as reliability.

Over the years, the rugged watches of Rolex have been enticing to explorers and fanatics of extreme sports. Mercedes Gleitze, the British Swimmer, wore the futuristic Rolex Oyster watch on her wrist and crossed the British Channel in 1927. Not only in the water, but the Oyster also exhibited its excellence on other endeavours of endurance or explorations in the air and on the land. Rolex was also worn by Malcolm Campbell the ‘Speed King’ at the time of his speed record attempt in Bluebird. Rolex watches were favourite especially among the pilots, mountain climbers and deep-sea divers.

The journey from the Summit of Everest to Hollywood

With the support from the Royal Geographical Society and under John Hunt’s guidance in May 1953, the participants of the ninth British expedition to the peak of the Mount Everest assembled ahead of their voyage. With the first climbers’ team involuntarily retiring shortly before the top, Edmund Hillary and Sherpa Tenzing Norgay became the first individuals in history to reach the peak. At the icy heights, Hillary was accompanied by the reliable Oyster Perpetual that was used for calculating the correct time to depart. If he had got the time wrong then, it could have been deadly.

One of the sponsors of the 1953 Everest Expedition was Rolex, and the Nepalese government allowed just one expedition every year. Rolex manufactured this watch in 1950, and as a part of the sponsorship, Hillary was provided with this watch, not as a gift, but rather a timepiece for him to wear at the time of the expedition. He returned the timepiece to the manufacturer for extensive testing after his successful descent.

Celebrating the success, the Rolex Oyster Perpetual Explorer was launched in the same year that quickly gained cult status. However, the manufacturer expanded its range for accommodating other explorations with timepieces like the Submariner in 1953. The updated Oyster Perpetual Explorer II version was launched in 1971, featuring a large, orange 24-hour hand. This unique attribute was easily noticeable even in the darkest conditions, making it perfect for people who explore caves or Polar Regions with no sunlight. However, the American racer and actor, Steve McQueen made this Explorer watch so desirable to the watch collectors today.

3 Things to Consider When Selling Your Pre-owned Watch to a Pawnbroker

You may own a luxury pre-owned watch that you have decided to sell it in a pawn shop in London or any other big city. You may not have ever worn the watch or may have purchased it a few months back. Regardless, it will be considered as a second hand watch or a used watch. However, luxury pre-owned watches retain their value as they age. If they have been kept in an excellent condition, they would entice ardent collectors, watch dealers as well as pawnbrokers.

Here are three points that you should consider when selling a pre-owned watch to a pawnbroker. It may help you to get the best price of your luxury watch, making the process of selling more comfortable for you.

• Consider the brand, model number, box and papers and condition

If you want to sell your second hand watch, there are some essential factors that you should consider such as the watch’s brand, model number, box and papers and condition. A reputable and prestigious watch brand like Rolex, Cartier and Patek Philippe always hold their value and are sought-after in the market. The limited editions are rare, and thus, they demand higher prices when they are sold. However, the original box and papers often add nearly 5% to 10% to the second hand price of a luxury watch.

Another significant factor that is considered to determine an accurate estimated value of a second hand watch is the watch’s condition. If a watch is in an excellent working condition or has been regularly serviced, it will fetch you a higher price.

Find out the value of your luxury watch

In many instances, a second hand luxury watch may worth a lot less than what you paid for it. But, in some cases, the value of particular watch models may increase due to their collectable status, rarity or because, someone prestigious or famous owned the watch. You can research online by browsing through your watch brand’s website or any trustworthy dealers’ sites. Although the price of the same watch model may change dramatically from one dealer to another, you will obtain a good idea of the current market value as well as what buyers are likely to pay for your watch.

As one of the high-end pawn shops in London, The Luxury Hut has a team of watch specialists who continuously analyse the second hand market to keep track of the current market value of used watches. You are likely to get an accurate valuation of your watch if you sell it to us. You can fill in our online form and receive your quote shortly after.

• Choose a trustworthy buyer

There may be many places where you can sell your pre-owned watch, but it is essential that you choose a reliable buyer to end up selling your watch at its best price. Pawn shops always look for luxury timepieces to buy. High street pawnshops like The Luxury Hut in London, UK have professional evaluators with extensive knowledge and experience in dealing with the second hand watches and market.

Bring in your pre-owned watch to us and get it appraised. With more than 40 years of experience, The Luxury Hut provides a fast, hassle-free and straightforward service to customers who are keen to sell their luxury watches. You can rest assured to receive the best possible value of your pre-owned watch that you are interested in selling to us.

Sell your watch to The Luxury Hut and get instant cash

With a luxury pawn shop like The Luxury Hut, you will receive cash payment immediately. The Luxury Hut pawnbrokers provide an accurate price for any pre-owned watches along with a quick payment service. You can also sell your pre-owned watch online to The Luxury Hut – fill up the online form and get an instant quote from one of the valuators experts.

If you are satisfied with our valuation, bring in your watch to us or send it. We will pay you via your preferred method of payment immediately.