How to Calculate the Value of Your Watch?

The watch craze has been growing robust for several years now and shows no sign of stopping. Luxury Watches are indeed a well liked investment choice for many, as they can be relished whilst earning more value at the same time.

When the time approaches to liquidate your favourite luxury watch from collection, it’s important to know if you’re selling it for a good price.

Valuing luxury watches is often more of a skill than technique, but we’ve put together a few tips to give you an idea of what your watch is worth.

Stay tuned till the end to learn how to determine the value of your watch. So, without any further ado let’s take a read!

What is taken into consideration while valuing a watch?

There are many aspects taken into account when working out the value of a watch.

The model of the watch

The model of the watch is often the finest clue to determine the value of the watch. The timeless and classic styles are likely to retain and elevate their value over time, whereas short-lived trendy watches may not be as valuable further down the line.

Condition of the Watch

The physical condition of your watch is another basic indicator of valuation. Mangled, scratched and torn watches will be of low value than those with the intact condition.

This doesn’t mean you cannot wear your favourite watches though-just be careful with them and lock them away securely in a safe watch case. 

Papers and box

Having original papers on hand is a key factor if you want to determine the value of your watch. You’ll have to provide the original papers as a proof of authenticity; it will aid to elevate the sale value of your watch.

Uniqueness and Age

Uniqueness and age will certainly impact the value of the watch. Antique and old watches are typically more valuable.

Where to Get a Watch Valuation?

If you are looking for a watch valuation expert, there are a few places that will assist. 

Jewellers

Professional jewellery experts armed with a wealth of experience in watch valuation service provide you with a fair price for your favourite watch in the current market. Many jewellers do not charge any fee for this service so, it’s worth doing, even just to cross-check whether the value you have received it for is accurate.

Online

Many watch dealers have online tools to value your watch based on its manufacturing, condition, model, and age. This can be hassle-free and quick mode to acquire a price guide for your watch.

Auction sites can proffer fair pricing history based on the past transaction.

DIY Methods

Some people love to value their watch by themselves; a great commencing point is to seek for what cost others are selling similar watches for. You can have a look at the websites, watch sites and stores.

You will be able to come up with a fair valuation after thorough research armed with accurate information.

It’s necessary to store watches rightly to maintain their value, so make sure that you keep it safe with you.

Until we come up with the next post, have a joyous day!