The market for second-hand watches are becoming more and more popular and competitive. Like many jewelry items, a watch will usually lose a high percentage of its value once it has been purchased. What makes Patek Philippe watches different is that they are hugely collectible, so you might get that a very costly, limited edition, or a traditional watch might fetch a high cost. If you have a Patek Philippe watch which you are thinking of selling, here are few tips for success.
Have realistic expectations
The market for Patek Philippe watches is very unpredictable. It will rise and fall with the fads and economy. Patek Philippe watches that sell for the top dollar has generally found a purchaser who has a unique connection with that particular piece. Perhaps it completes a part of their collection or replaces a piece that was misplaced. It may have a sentimental connection to a deceased family member or to a special place. Thus, they might be keen to pay full price for the Patek Philippe watch than a potential buyer who doesn’t have the same connection.
While there are many guides available to profitably selling products on sites such as eBay, knowing how to sell patek philippe watch or who to sell it to as it is not something that can be taught. If you do not have the patience and time to learn the market, you might want to think about using a third party to sell your Patek Philippe watch.
Do your research
Before selling your Patek Philippe watches you will want to have complete information on the product and its value. First, call the watchmaker to ask for any specific information that might be available based on the item’s serial number (found on the back of the box) then has it appraised. If there isn’t a highly regarded dealer in your region then use a price guide book to generate a benchmark value. Then, you can make use of eBay or another online auction site to get a sense of what people are actually paying for the Patek Philippe watch currently.