Watch Valuation: How do I value my Luxury Watch?

Finding the true market value of a branded luxury watch is not an easy task. It requires expertise and a keen eye to details. The worth of a designer watch depends on various factors. If you own a coveted timepiece, be it your grandfather's pocket watch that was passed down to you as a family heirloom or a Rolex watch, you must get watch valuation done by an expert.

Let's first discuss what are the factors that affect the value of a watch:

Brand & Model

When getting your coveted watch valued, say Rolex valuation, the brand name is a major consideration. The name of the brand makes all the difference. And then the valuer checks the model. If it's a limited edition model, then the value automatically becomes high. This is true for luxury handbags as well.

Prestige Valuations is a leading UK based valuation company. Apart from watches, they also offer Handbag Valuation service.

Condition

The condition of your watch will also impact its price. A Rolex of the same model will vary in price. The one that is scratched will fetch a lower price than the one kept like a new.

Age

Age is another factor that affects your luxury piece's worth. A Rolex that is 50 years old will have a greater value than the one only a few years old. But when finding the value, both age and condition, are taken into consideration.

Box & Receipt

Other important requirements are the original box of the watch and a receipt to show its price and your ownership. If you have a luxury designer watch one year old but with no box and receipt, then it will fetch lesser amount compared to the same brand and model watch six years old but with box and receipt.

These are a few factors that can help in correctly appraising a watch. Let's continue on our question, how to value your luxury timepiece?

Research

Research the watch brand and model you own on the internet. Many websites are there, you can check out these sites to get an idea about the worth of your watch. If your timepiece is antique or vintage, then you can check out various catalogues available in any library near you.

Watch Valuation

You can also seek expert advice and get your priceless item valued by the Prestige Valuations, UK's leading valuation company. They will offer a certified document with accurate value along with images of the watch. This will come in handy for insurance claim, in case any untoward happens. Also, when selling you can expect to get the best price.

They also have an online valuation facility and you can get your watch appraised even from the comfort of your home by calling their expert at your place. They also offer Probate Jewellery Valuation service.

They have expertise in valuing any popular brands like Rolex, Gucci, Omega, Tag Heuer, Seiko, Casio or any other luxury timepiece.

Assessment of your watch is very important to find out the accurate worth of it. Its condition, receipt, brand, model and even the repair history can impact its value a lot.