Unrivalled Expertise
Sell Your Watches for Top Prices.
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Sell Your Watch On Consignment
Raise more cash by selling your watch on consignment. We can broaden your watch’s reach in the market and increase your chances of a successful sale shortly.
Unrivalled Expertise
Sell Your Watches for Top Prices.
Safe and Secure
Accept our offer & get paid instantly.
Increase The Asset Value
Free Pick-Up or Prepaid Shipping Label.
What Is Consignment Based Sale?
In simple words, consignment is when you give your asset to someone to sell on your behalf. You do not hand over your watch to a random person but to a professional watchmaker who will attempt to sell the watch safely and promptly for you, trying to achieve the price you want.
The rules and terms of the consignment are set out straight in a contract stating the time, when and how you will be paid.
We will discuss and advise on a fixed amount you’ll receive when your watch sells, and with your confirmation, we will put your watch on sale on various marketplaces. When your watch sells, we will send you the payment immediately.
There is a lot of hassle when you decide to sell your watch on your own. You will need to do all the work yourself to ensure you crack a fair deal. But with a consignment, the onus is on us to help you fetch the best selling price. You will benefit not only from our experience but also from our reputation and large customer database.
Here’s an example of consignment:
- You decide to sell your watch and looking for a particular price.
- For example, you want £10,000. So, we consign your watch for £10,000
- The Luxury Hut then markets your timepiece for a slightly higher price than £10,000 to thousands of customers.
- If we sell your watch, then we pay you the agreed price (in this case £10,000) immediately while retaining the outstanding balance.
- And if the watch doesn’t sell for whatever reason – normally because it is priced too high, then the agreement will be terminated and the watch is returned to you.
Direct Sale Or Consignment – The Better Option?
When deciding to sell your beloved luxury timepiece, you may find yourself contemplating between two options – direct sale or consignment. Both approaches have their set of advantages to keep in mind. Therefore, it’s important to take a closer look at the benefits both have to offer to identify the best fit for you.
Here are some of the pros and cons of the two selling options.
PROs of Consignment
- Higher return or maximised profit
- Work with trusted professional watchmakers
- Low hassle on your part
- Low risk of getting scammed as you work with an experienced dealer
PROs of Direct sale
- Get your cash faster
- Low risk
- Low hassle
Ultimately it comes down to two things- either getting money quickly with a smaller sales amount or waiting longer to get more cash in your hand. Therefore, it is for you to decide what the best choice is.
40+ Years Combined Experience
Secure Hatton Garden Showroom
We Collect Or Visit Us In-store
How it Works
our process
1
Contact Us
Provide us with maximum information about the watch you want to sell and we’ll confirm if we can sell it for you.
2
Send The Watch
You can visit us in-store or send us your watch via our fully insured home collection service for a thorough appraisal.
3
Finalising the sale price
Based on evaluation, we'll offer a fixed price that you'll receive when the watch sells. Agree & your watch will be marketed in-store and online.
4
Receive Payment
When your watch sells, we will get in touch with you and give you your money immediately via your preferred method.
Book An Appointment
If you would prefer an in-store valuation with same day payment, book an appointment with one of The Luxury Hut experts.
The Luxury Hut Legacy
A Heritage of Trust & Excellence
With a reputation built on transparency and expertise, we are a distinguished name in luxury watches and jewellery.
Unmatched Quality & Authenticity
Exclusive Luxury, Timeless Value
Excellence in Service & Expertise
Why choose us for your watch consignment?
As professional watch dealers with over 40 years of combined experience, we have a great deal of knowledge and expertise in selling luxury timepieces. We understand how the industry works and can guarantee great results. Our hassle-free consignment service ensures you have a seamless selling process.
Advantages of Consignment with us:
Global Exposure
The moment you consign with us, your watch gets an immediate boost in visibility across a wide range of sales platforms and channels. We have a strong social media following and an impressive number of clients who immediately get notified when new stock arrives. So, the reach you get is beyond what you could expect from a private sale.
Unrivalled Expertise
Our 40 years of expertise in the business can help you get a higher and fair value for your watch, as we are fully aware of the current market. Our deep market insight can help you get the most from your sale. Trust us to handle your consignment expertly.
Safe, Secure & Fully Insured
We offer end-to-end security, safety and insurance in our consignment service. Our transparent and flexible payment process takes the stress out of selling. When the watch sells, we pay you immediately. The majority of the watches we receive for consignment sell within a span of 30 days.
Whether you use our free & fully insured home collection service or visit us at our Hatton Garden store to deliver your watch, with The Luxury Hut, you can have the confidence that we will keep your asset safe at all times.
Increase The Asset Value
We add value to your asset by providing professional repair and refurbishment services so your watch becomes even more valuable and ready for presentation. Additionally, we provide 12 months warranty with each timepiece we sell, which immediately adds to its value.
Testimonials
What Our Customers Say
We take great pride in delivering exceptional service, and nothing speaks louder than the words of our satisfied customers.
Rate us on
Amazing people...
Amazing people, amazing communication, impeccable service! Highly recommend The Luxury Hut for buying&selling watches. They have an amazing collection and highly recommend to visit if you are in London
highly recommend...
Visited their showroom today In hatton garden after speaking to a gentlemen called Raj in regards to selling 2 watches. They offered me a quick quote very professionally over WhatsApp i initially did not want to take the offer but it was good so I decided to sell hassle free. When arrived greeted well professionally and offered drinks. I was served by Nerya Netanel very professionally and friendly kind service. Very easy to deal with hassle free quick transaction without no time wasted paid as agreed before arriving. I highly recommend them and would deal with them again in future when I need to. All the best keep up the good work!
Great service from start to finish...
Great service from start to finish. I had the pleasure of dealing with Jack who was extremely helpful and made the buying experience easy and enjoyable. I’m extremely happy with the watch, great condition and a great price!
experience was excellent...
First time buying from The Luxury Hut and the whole experience was excellent. I came across a watch on their site, got in touch, and Jack was great to deal with, friendly, helpful and straight to the point. They reserved the watch for me, and when I visited the showroom everything went smoothly.
Very impressed all round
Very impressed all round. Communicating on WhatsApp, then followed by a visit to Hatton Gardens. Service was prompt and helpful. I’ll definitely be using them again.
Highly recommended!
Amazing service from the first time I got in contact, right until after I received my items. I received a courtesy call a week after delivery, to make sure I was happy.
Excellent business with a friendly team
Excellent business with a friendly, polite and professional team. Great experience and fairly priced. Would recommend definitely will use again for sales and/ or purchases
Great Service
I spoke to Cheryl regarding selling a Rolex watch, shipped it on Friday and by Monday afternoon after agreeing a sale price the funds were in my bank account. Very impressed with the service, would recommend without hesitation.
An absolutely first-class experience…
An absolutely first-class experience from start to finish; this is how the purchase of a luxury watch should go. A smiley reception from Cheryl and an enjoyable purchase with Jack, who was genuine, knowledgeable, not to say good chat besides. Owner Nerya was first-class also and further gave me a very fair price on my Rolex Datejust OP.
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