Finance

Pawning the Watch: How You Can Do That?

A Rolex Daytona watch in the 1980s was worth around 1,500 dollars. Today, it can be negotiated at a high price of nearly 150,000 dollars! So if you are lucky enough to own one, you can realize an impressive capital gain on your luxury watch sale. Rolex, Breitling, Patek Phillipe, Jaeger LeCoultre, Audemard Piguet, Omega are major brands well known to enthusiasts who do not hesitate to collect these jewelry-accessories, but also to invest in them. Indeed, branded watches turn out to be an investment that is valued over the long term, and when they are put for resale, we can derive a huge gain, if we only refer to the example cited above.

But how do you sell your luxury watch?

Although you may be tempted to sell your luxury watch for resale, it is not always easy for everyone to be successful in this process. As with all atypical investments, the expectation of gain is quite hard to predict and the market for branded watches is more than complex. So through this article, we will try to show you how to resell a luxury watch in the best possible way. The options for pawn shop watches pawning are there now.

When Luxury Watches Became Real Investment Coins

Investing in a big brand watch has become quite a fashionable investment, which further encourages price increases. Since the early 2000s, the value of watches began to increase, making them a prime investment. For example, Swiss watchmaking companies have greatly increased the selling price of their new watches. This increase has been faster than inflation and especially the improvement in product quality. Thus, many watch enthusiasts decided to turn to second-hand watches, and this is also how the sale of second-hand luxury watches flourished.

Of course, there are the great classics, these famous “collectors”, like the Rolex Daytona, the Vacheron Constantin Overseas or the Omega Seamaster. But models that are no longer produced, but still exist in large quantities on the market, are also often excellent deals. Called “pre-collectors”, they will become scarce over time, following the multiple deteriorations and losses that will occur. It is enough to transform them into real “collectors” if they have been well maintained. The best choices for strange and valuable watches are there as well.

Passion or Necessity

While some wear a watch on their wrist just for the functional side, others are interested in this accessory as collectors and real investors. An approach which certain holders of “pleasure” investment funds have even made their specialty. They own up to ten watches, or even more if they are really passionate, and sometimes manage to derive enormous capital gains from the resale of their collection.

In addition, it must be said that when you are passionate, some watches have a history, a real sentimental value. Others represent a blow of heart, sometimes even rather a spur of the moment whose investment is not very interesting either. When there is neither real pleasure to wear, nor growing odds that would justify keeping the item in one’s possession, why not find out how to proceed with the resale or take back of one’s luxury watch?

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