Q Report Team
How Much Should You Spend On a Luxury Watch?
In an era of ubiquitous screens and too much information, luxury watches hold a .
Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.
Q Report Team
So many incredible watches, so little time…
Once you’ve caught the timepiece bug, you may find that you’d like to trade in or trade up. If so, you’ll need to know how and where to sell luxury watches.
Watch lovers are very particular, so your timepiece will probably face heavy scrutiny before it’s purchased. You don’t want to leave out crucial information or take inadequate pictures. Here’s what you need to know.
We’ll start with the places you can sell your timepiece. Fortunately, there are several ways to sell luxury watches. Depending on where you live and how much time you have, one of these methods will probably suit you better than the others.
One of the easiest ways to sell a watch is to take it to a shop that deals in secondhand and vintage timepieces. You may not receive as much for your watch with this method, but it’s quick and easy.
Some shops sell pre-owned watches on a consignment program. Others offer trade-in deals. If there isn’t a watch or jewellery shop near you that purchases watches, you may be able to find one that accepts watches through the mail.
Most auction houses regularly offer luxury watches. First State Auctions, for example, accepts jewellery and watches and conducts over 80 auctions each year.
The potential for a good sale price is high with an auction, but you won’t know the final price until the auction ends. Although an auction sale won’t be as quick as a sale to a jewellery shop, you may earn more. The transaction is legally binding when the hammer drops, and sales are final.
Keep in mind that lower value watches (those worth less than $1,000) may not be a good match for auctions. For a unique or rare watch, however, auctions are perfect.
For the most flexibility, consider selling your watch directly to another collector. This route can be more time-consuming, but it often yields excellent results.
For less expensive watches, you may want to create eBay listings or post them on ChronoTrader. Take quality photographs in good light, and include as much information as possible, including details about the watch’s original packaging.
If you’d like to earn top dollar while still retaining control of the sale, consider listing your timepiece on one of the enthusiast forums like WatchUSeek, Omega Forums and Rolex Forums.
When posting your listing on a forum, keep the information concise and accurate. Bullet points work well. People are more likely to read descriptions that appear neat and organised.
What else to include? Mention when and where you purchased it, and about how many times you’ve worn it. Also, note how often it has been serviced, and whether or not any parts have been replaced.
Tell potential buyers about the records you’ve kept. Just like you keep maintenance and service records for your car, you should also keep them for your watch. An impeccably maintained watch will fetch a high price, especially if you’ve kept quality records. Some people include photos of their papers in their watch listings; you may want to adopt this strategy.
It’s not easy to take great photos of watches but try. The better the picture, the more views your listing will get. Adjust the light if necessary, and get help if needed.
If you managed to take some quality pics, post them on Instagram with details about your watch. Instagram has become a powerful marketing tool in the watch world and could help attract potential buyers.
As you buy and sell your luxury watches, keep your insurance up-to-date. When you acquire a new timepiece, cover it with Q Report Watch Insurance. And when you sell your watch, advise the new owner on how to get reliable insurance that protects the watch wherever it travels.
To get an accurate insurance quote, please provide the amount from your purchase receipt.
Don't have the receipt?
If you don't have the receipt, you can provide the most recent valuation amount instead.
So many incredible watches, so little time…
Once you’ve caught the timepiece bug, you may find that you’d like to trade in or trade up. If so, you’ll need to know how and where to sell luxury watches.
Watch lovers are very particular, so your timepiece will probably face heavy scrutiny before it’s purchased. You don’t want to leave out crucial information or take inadequate pictures. Here’s what you need to know.
We’ll start with the places you can sell your timepiece. Fortunately, there are several ways to sell luxury watches. Depending on where you live and how much time you have, one of these methods will probably suit you better than the others.
One of the easiest ways to sell a watch is to take it to a shop that deals in secondhand and vintage timepieces. You may not receive as much for your watch with this method, but it’s quick and easy.
Some shops sell pre-owned watches on a consignment program. Others offer trade-in deals. If there isn’t a watch or jewellery shop near you that purchases watches, you may be able to find one that accepts watches through the mail.
Most auction houses regularly offer luxury watches. First State Auctions, for example, accepts jewellery and watches and conducts over 80 auctions each year.
The potential for a good sale price is high with an auction, but you won’t know the final price until the auction ends. Although an auction sale won’t be as quick as a sale to a jewellery shop, you may earn more. The transaction is legally binding when the hammer drops, and sales are final.
Keep in mind that lower value watches (those worth less than $1,000) may not be a good match for auctions. For a unique or rare watch, however, auctions are perfect.
For the most flexibility, consider selling your watch directly to another collector. This route can be more time-consuming, but it often yields excellent results.
For less expensive watches, you may want to create eBay listings or post them on ChronoTrader. Take quality photographs in good light, and include as much information as possible, including details about the watch’s original packaging.
If you’d like to earn top dollar while still retaining control of the sale, consider listing your timepiece on one of the enthusiast forums like WatchUSeek, Omega Forums and Rolex Forums.
When posting your listing on a forum, keep the information concise and accurate. Bullet points work well. People are more likely to read descriptions that appear neat and organised.
What else to include? Mention when and where you purchased it, and about how many times you’ve worn it. Also, note how often it has been serviced, and whether or not any parts have been replaced.
Tell potential buyers about the records you’ve kept. Just like you keep maintenance and service records for your car, you should also keep them for your watch. An impeccably maintained watch will fetch a high price, especially if you’ve kept quality records. Some people include photos of their papers in their watch listings; you may want to adopt this strategy.
It’s not easy to take great photos of watches but try. The better the picture, the more views your listing will get. Adjust the light if necessary, and get help if needed.
If you managed to take some quality pics, post them on Instagram with details about your watch. Instagram has become a powerful marketing tool in the watch world and could help attract potential buyers.
As you buy and sell your luxury watches, keep your insurance up-to-date. When you acquire a new timepiece, cover it with Q Report Watch Insurance. And when you sell your watch, advise the new owner on how to get reliable insurance that protects the watch wherever it travels.
Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.
Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.
Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.
The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.
Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come
Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.
Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.
Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.
Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.
The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.
Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in
Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum voluptate velit esse.
Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”
Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.
Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.
Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.
The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.
Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come
Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.
Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet. Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.
Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.
Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.
Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal. Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.
An engagement ring is a significant financial and sentimental investment. Specialised.
Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.
Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal. Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
To get an accurate insurance quote, please provide the amount from your purchase receipt.
Don't have the receipt?
If you don't have the receipt, you can provide the most recent valuation amount instead.
In an era of ubiquitous screens and too much information, luxury watches hold a .
A luxury watch is a serious investment, and as such, the purchase deserves .
Whether you’re a time-tested watch lover or only starting your obsession with .