How to Sell Your Used Rolex Watch

You're recently departed grandfather left you his beautiful gold Rolex watch that you admired when you were younger. The problem is, you've since purchased your own Rolex watch few years back, similar in appearance to dear old granddad's Rolex, and besides, you could really use the extra cash at the moment. You would like to sell the watch but don't know the best way to go about it. When selling any heirloom watch just follow the following guidlines to assure you're getting a fair price.

 

 

Used Rolex Sport Daytona

1. Know what model you have.
The manufacturer's name almost always appears on the dial, but the better watch makers also keep detailed records about the specific movements, et al. Check the back and sides of the case for the serial number, and then contact the watch manufacturer. They will be able to tell you all the information you need to know about your particular watch.

2. Get the watch appraised.
The major auction houses such as Sotheby's, Christie's, and Antiquorum are the best, and will usually provide a watch expert. If they don't, they should be able to recommend a respected private dealer in your area.

3. Get a second opinion.
Ebay is actually a good place to determine what people are currently paying for your particular model watch. You can check the completed auctions to see what the actual selling prices of the watches were.

4. Sell.
If time is of the essence, go with a private dealer: They offer the quickest turnaround. If not, an auction house offers the possibility of a profitable bidding war. As a last resort, you can always use the above mentioned eBay -- just make sure to set a reserve so you don't sell for less than you feel the watch is worth.