It can seem like a complicated task if you don’t know what to do. That’s why we’ve put together a helpful guide on how to sell your Rolex watch successfully. Keep on reading to learn more! If you still have questions, reach out to us and we will be happy to help!
When it comes to finding the best place to sell Rolex watches, it all boils down to what you are looking to gain from the sale. If you’re looking for somewhere you can sell from home and are not in a hurry, you can list your Rolex on an in-person or online auction site. If you’re in a rush and don’t mind going out, you can sell your Rolex for cash on the spot at a pawnshop or with a local jewelry buyer. This is also a great option if you’re selling a Rolex without papers. At Luriya, we recommend selling to a private jewelry buyer for the highest payout.
The first, and most important, step in selling a Rolex watch is finding the right buyer, someone who is trustworthy and reputable in the area. Once you’ve shopped around a bit, and decided on a buyer, bring the watch in for an on-the-spot appraisal and price offer. The buyer will examine the watch (make sure this is done in front of you), and then propose an amount he or she is willing to buy the watch for. You may need to negotiate and haggle a little for the best price. After the price has been agreed upon, you’ll hand the watch over in exchange for cash and be given a receipt and possibly something to sign. The in-person process should take no more than 30 min.
Rolex is a luxury Swiss watchmaking company originally founded by Hans Wilsdorf and his brother-in-law, Alfred Davis. The two began their journey as simple watch importers until realizing their true passion for the craft. In 1905, Wilsdorf and Davis founded their own company, manufacturing high-quality luxury watches. Wilsdorf named the company Rolex because he believed it was onomatopoeic, representative of the sound of a watch being wound. Rolex watches soon became widely recognized across London and Switzerland for its impeccable mechanisms and designs.
Rolex first began with the intent to design classic time-pieces for men and has since branched out to create high style and high functioning watches for women as well. Rolex watches are known for their outstanding performance in high-stress environments such as deep-sea diving, mountain climbing, polar exploration, and aviation. The company manufactures watch models that are durable, stylish, and functional, even in the most extreme situations.
Rolex currently has 14 collections of luxury watches, each designed with a particular style and function in mind. A few of these include Oyster Perpetual, Cellini, Milgauss, and Pearlmaster. Some of the most popular Rolex watches are the Rolex Yacht-Master, Rolex Lady-Datejust, Rolex Cosmograph Daytona, and the Rolex Submariner. These watches range in price from $5,400 to over $10,000, new.
The Rolex Submariner is one of Rolex’s best-selling watches. Released in 1956, the Submariner is specifically designed to resist water and corrosion. It is considered a “classic among wristwatches,” and to this day, remains on the list of best-selling Rolex watches. A new Rolex Submariner costs between $7,500 and $8,550, approximately.
The DateJust is a highly praised watch line, which makes things easy when you want to Sell Rolex Datejust watches. The Rolex Datejust watch was first introduced in the 1940s and was a huge success with the public. After gaining significant recognition as a men’s watch collection, Rolex expanded the line to include women’s watches as well. The female counterpart, The Lady-Datejust, released in the late 1950s, does not stray far from the traditional elegance and functionality of the original line. If you’re looking to sell Rolex watches, selling Rolex DateJust watches or selling Lady-Datejust watches can provide you with a sizeable cash pay-out when you find the right buyer.
Yes! Rest assured that Rolex watches will always remain in high demand. If you are interested in selling a Rolex watch, you are almost guaranteed to have someone who is just as interested in buying one. Watch collectors rave about Rolex due to the excellent quality and design of the brand. If you’re unsure about how much you should be selling your Rolex watch for, you can take it in for a free appraisal before looking for a buyer. The appraiser will test your watch, check its authenticity, and provide you with an estimated value of the timepiece. Although it is slightly easier to sell a Rolex watch if you have official documentation, selling a Rolex without papers is no problem at all.
When looking for where to get a Rolex appraised, it’s important to have a few things in mind:
1. You want an appraiser who is certified and experienced. Look for someone who has memberships with accredited watch and appraisal organizations, this way you are sure to be given correct information.
2. You want to be sure the appraiser is using calibrated scales and reliable equipment. Don’t be afraid to ask for proof.
3. The appraisal should be free. Most local jewelry stores offer free appraisals, so paying for one is unnecessary – you shouldn’t be the one paying when you’re the one selling a Rolex watch.
Absolutely. Watch buyers and watch dealers are always looking for Rolex watches. Whether you want to sell used Rolex Submariner watches or sell used Rolex Explorer watches, you should have no problem finding someone to pay cash for the timepiece. Rolex watches retain their value for years to come, making them a great investment. The best way to sell a Rolex watch is to take it in for a free appraisal, and then sell to a private jewelry buyer.
Yes- it is absolutely possible to sell used Rolex watches. Due to their brand name and quality, Rolex timepieces retain their value for years on end, unlike other cheaper made watches. For this reason, watch collectors are always looking to buy Rolex watches. It is a great find for them. There are over a dozen different models, and all of them are equally sought after. For instance, at Luriya, we are always happy to purchase used Rolex watches whether you are looking to:
If you’re looking for some fast cash, but not necessarily the highest payout, you can consider pawning Rolex watches instead of selling them. Any pawn shop would be happy to make a deal for a Rolex watch. However, be aware that pawnshops generally offer less than when you sell directly to a private buyer. If you do choose to pawn your Rolex watch, first get the watch appraised elsewhere so you have a ballpark range of how much you should be getting for the timepiece.
If you don’t have time to go to a local Rolex buyer, you can sell used rolex watches online with an auction site. You can either use watch and jewelry specific or general sales auction sites. However, if you decide to list your watch in an auction, be aware that the payout is risky.
Alternatively, you can request a mail-in-kit from a private jewelry buyer. Most jewelry buyers offer this service as a courtesy to clients who live far away. However, if you explain your reason for being unable to go in-person, the buyer may make an exception. After all, they want to do business with you.
You may be thinking, “I’m looking to sell my Rolex watch, but I don’t know how much it’s worth!” It is hard to tell the exact worth of a used watch if you are not an expert. However, one thing you can do is check for the watch’s serial number and compare it with prices online. You can find your timepiece’s serial number by looking between the lugs by the 6 o’clock side of the watch.
When you sell to a private watch buyer for cash, you can expect to get paid on the spot. If the buyer doesn’t offer to pay you right away, don’t take the risk of leaving your watch with them and not getting paid. At Luriya, we always pay our clients as soon as all parties have agreed upon a price and a deal. This way, no client is left feeling insecure about whether or not they are getting their expectant money. If you can’t make it in-person to sell Rolex watches in NYC and you use the free mail-in-kit service, expect to wait for however long the post time is.