There is no doubt about it, Rolex is one of the world’s most respected luxury watch brands. This can easily mean one belongs to high social status by virtue of owning a Rolex watch. It can also mean that cashing in one of the watches should be easy. Unfortunately, selling Rolex timepieces is not always easy, especially in big cities like New York City. With the following tips though, you will be able to achieve a successful sale.
Box and Papers
Rolex watches usually come packed in a box complete with authentication papers. Have the papers with the box with you when you sell. As subtle as it may sound, this will make it easier for you to fetch a good price for the watch. The papers prove authenticity, which saves the buyer from the inconvenience of going through an authentication process.
Many Rolex owners choose to sell their watches in auctions. While this may expedite the selling process, it usually comes along with a myriad of setbacks. First, there is the buyer’s commission on the watch which ranges from 15% to 20% of the final hammer price. Then there is the seller’s commission which ranges from 10% to 15% of the actual sales price. Keep in mind that there are other fees such as shipping, insurance, and photography. All these expenses mean less money for the seller. So, if you can, explore other options. Avoid auctions.
Don’t Give Anyone The Serial Number
Each Rolex watch has a unique serial number. The number is vital because it proves that your Rolex timepiece is authentic. Giving out your serial number makes it easy for black market operatives to create a replica of your watch and etch the serial number on the fake case. Note that you will have to show your Rolex is authentic. Give out the first four digits then replace the remaining digits with xxxx.
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