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.

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.

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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

our process

How it Works?

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.

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.

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.

Receive Payment

When your watch sells, we will get in touch with you and give you your money immediately via your preferred method.

IN-STORE & VIRTUAL

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.

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.

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faq

Frequently Asked Questions

How much can I expect to receive for my watch?

The amount you receive is based on your watch’s appraisal. For a quick estimate, you can fill in our free watch valuation form online. Alternatively, bring us your watch so our experts can physically assess it. Usually, the value of any typical watch depends on its brand, model, condition, age, rarity, provenance and current market value.

When you decide to consign your watch to us, we will have an honest conversation with you regarding the price we can achieve for it. You can trust us to get the best price for your timepiece.

How long does it take to sell my watch?

It is essential to remember that the time it takes to sell your watch is affected by the market demand and the buyer interest during the consignment period. Other factors that influence the sale time are the availability of your watch’s original documents and its condition.

Usually, it doesn’t take long as our professional team ensures swift service. We have a wide customer network who are always approaching us for new and varied items, ensuring a successful sale shortly.

What watches can I put on consignment?

We accept a wide range of luxury watches for consignment. The names of the brands we accept include but are not limited to:

  • Rolex
  • Patek Philippe
  • Cartier
  • Audemars Piguet
  • A. Lange & Söhne
  • Jaeger-LeCoultre
How does watch consignment work?

Tell us the details of the watch you want to consign with us. Share details like the watch’s brand, model, age, condition, etc, and we will confirm if we can sell it on your behalf. Next, send us your timepiece via our insured home collection service or bring it to us in-store for an appraisal. We will give you an estimate and advise on a fixed price which you will receive when we sell your watch. If you agree to it, we will promote your watch on various platforms and also in our store. The moment your watch is sold, we will transfer the money immediately.

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