Watches are a popular investment option for many, as they can be enjoyed whilst gaining more value at the same time. When the time comes to sell a watch from your collection, it’s important to know if you’re selling it for a fair price. Valuing watches is often more of an art than a science, but we’ve put together some top tips to give you an idea of what your watch is worth. Here’s our watch value guide.
WHAT IS TAKEN INTO ACCOUNT WHEN VALUING A WATCH?
A number of factors are taken into account when working out the value of a watch. These include:
MODEL OF THE WATCH
The model of the watch is often the best indicator you’ll get of how much you could sell it for. Classical and timeless styles, such as the Rolex Submariner or Omega Seamaster, are likely to retain and increase their value over time, whereas short-lived fashion watches may not be as profitable further down the line.
CONDITION OF THE WATCH
Watch condition is another key indicator of value. Damaged, broken or scratched watches will be less valuable than those in pristine condition. This doesn’t mean you can’t wear your favourite watches though – just make sure to take care of them well and store them properly in a protective watch case.
RARITY AND AGE
Rarity and age will also influence the value of the watch. Older, rarer watches are generally more valuable, as there are fewer numbers of them on the market for buyers.
PAPERS AND BOX
By holding on to the original papers and box that came with your watch, you’ll easily be able to provide proof of authenticity which will help to increase the sale value of your watch.
WHERE TO GET A WATCH VALUATION
If you’re looking for a wristwatch value guide price, there are a few places to turn to that will provide this for you.
A specialist watch jeweller will have a wealth of experience in the value of watches and can provide you with a really accurate price for your watch in the current market. Many jewellers are happy to provide this service for free, so it’s worth doing, even just to check whether any other values you’ve received are accurate.
Many watch dealers have online tools to value your watch based on its make, model, age and condition. This can be a quick and easy way to get a guide price for your watch.
If you’d prefer to value your watch yourself, a great starting point is to look for what price other people are selling the same (or similar) watches for. Whether it’s at your local watch retailer or online, chances are you’ll find plenty of similar models for sale. Don’t forget to find those with a like-for-like condition.
Take a look at websites such as eBay, as well as larger jewellers, specialist watch sites and stores too. Armed with the information that came from your research, you should be able to come up with a reasonable valuation.
It’s important to store watches correctly to maintain their value, so make sure to take a look at our multiple watch case boxes which are suitable for any size of watch collection. And don’t forget to clean your watch before getting it valued.