Jeson Clarke

Should I Trade or Sell My Luxury Watch?

Luxury timepieces are an excellent investment that can hold their value years after the initial purchase. But what if you want to trade up or get something new? You have many options for offloading your watch, but most collectors choose to sell or trade their timepieces.

But which route should you go?

When to Sell

Selling is a fantastic choice if you need cash now and don't want to go through the trouble of traditional consignment.

You see, many watch shops offer consignment services. They take your watch and try to sell it on your behalf. When they do, you pay a commission or flat fee for the sale. It's a fantastic hands-off method of selling a valuable accessory.

The downside is that you don't get your money until someone buys the watch.

Direct sales circumvent that aspect of consignment. You can sell your watch directly to a store or eager buyer. You get the money upfront and can immediately use it to buy another one to add to your collection! Sales can net fast cash with very little work on your behalf. Even mens second hand Patek Philippe watches cost thousands, so it's an ideal choice if you want to liquidate this specific asset.

When to Trade

If you want to swap your watch for something better, trading is the way to go. Trading watches is a beloved pastime for many collectors. It's an opportunity to extend the lifecycle of your investment and potentially help it grow.

Because you're trading watches, there's no need to pay a pricey commission. Plus, many stores will give you a better value or let you unlock a significant portion of the watch's value on the spot!

Trading also lets you be more strategic about investments. For example, you can trade in a mens second hand Patek Philippe watch to get a Rolex or Audemars Piguet. Hold onto those investments as the value climbs, and you can trade again to see your investment grow.

Which is Right For You?

Trading and selling both have their merits. Generally, selling is best when you want to liquidate the asset and get your money as quickly as possible. Meanwhile, trading lets you participate in the collector's game and invest wisely.

Author Resource:-

Jeson Clarke is providing info about pre-owned luxury watches, selling, buying, watch repair and services. You can find his thoughts at pre-owned watches blog.