All You Need to Know About Selling Your Old Rolex Watch on Online Auction Sites

October 20, 2018

Most people wear watches for obvious reasons. It enables them to know the time wherever they may be. They consider such items to be an important part of their outdoor attire. This trend still continues even in the age of social media. Manufacturers of such products introduce a variety of models in the market at different price tags. However, none of these brands can match the popularity and success of a Rolex luxury timepiece. Connoisseurs from around the world consider this Swiss watch to a masterpiece of craftsmanship. For them, it is the ultimate status symbol and a cut above the rest. They generally go to any extent to acquire one. You should consider yourself very fortunate you own one. It can be the envy of your peers and individuals who constitute your social circle.

Why is a Rolex luxury watch generate so much craze among the elite classes?

You are probably wondering why people make such a fuss about owning a Rolex watch. After all, there are other Swiss luxury brands which these individuals can buy. Moreover, they only have to pay a fraction of the price of this product. Industry experts say connoisseurs regard this particular timepiece to be a most noticeable product in the world. Being able to own one elevates their status in their respective societies. They point out the following 3 important reasons for the success and popularity of this brand:

  1. Craftmanship and quality

The Rolex brand has been around for years. It is one of the first companies to come up with the idea of wrist watches. Since its inception in 1905 by Hans Wilsdorf, its manufacturers of giving immense importance to craftsmanship. Their objective is always to come up with products which people consider to as works of art. They appeal to the aesthetic senses of such individuals.

Moreover, the watches should be durable enough to withstand rough handling. On top of this, they able to indicate the correct time under any circumstances. Such professionals agree this is why this brand is so successful in the market.

  1. Precision

Other makers waste time on including complex minute repeaters, calendars or tourbillons on their brands. This is to ensure to their products sell like hot cakes in the market. This is not the case with manufacturers of this popular timepiece. They rather pay particular attention to precision. While keeping the iconic round designs, they ensure all Rolex watches functional perfectly in any conditions. This also includes being resistant to water up to certain deep. The dials of their models are clearly visible even in dim light. Just looks at its Submariner model to clear any of your doubts. This is one vital aspect where they don’t make any comprises in any of their models. It is one of very few companies to have the honor of receiving the Certificate of Chronometric Precision.

  1. Stability in pricing and value

Over time, many watch manufacturers notice that the prices of their brand fluctuate in the market. However, the makers of Rolex luxury watches never face such situations. Their premier brands of sports chronometers always have a very high demand in the market. People are generally willing to pay any price to acquire one. However, not all of them have means to do so. Even the latest collections generate the same kind of popularity in this environment.

Is it worthwhile to sell your old Rolex watch on the internet?

Rolex is a well-known brand throughout the world. It is not uncommon to see many popular celebrities wear this iconic watch on special occasion. However, you may not be aware that this particular chronometer has a very high second-hand value. It could be a good idea to sell your watch in order to acquire the latest model. After all trends and fashions do change over time. Just look at the online auction sites on the internet if you have any doubts. You’ll know how much you can get by taking this course of action. However, you do need to keep in mind the following 3 important factors:

  • Documents proving you own a genuine product

Rolex is without a shred of doubt the most popular watch brand in the world. However, many nefarious individuals and companies try to make and sell replicas of its iconic timepieces. The objective is to make a quick buck on the organization’s success. They prefer to use the internet and various social media sites to sell their products. People operating online auction and shopping sites are aware of this fraudulent practice. They impose stringent measures to put a stop to it. This is a fact you need to remember when comes to selling your watch on such platforms. You need to provide a necessary document which proves that you have a genuine model.

  • Present working condition

Buyers of second-hand luxury watches expect owners to keep their models in pristine condition. Rolex models are not an exception to this rule. The person who is going to buy it from you usually assumes your oil and clean your watch. You also need to ensure your timepiece has no serious damage or defect. This can affect its value, and you won’t get the kind of money you expect.

  • Selling fees and commission

Selling second-hand items on online auction and shopping sites is not cheap. The people managing such platforms generally expect the seller to pay for their commission and fees. They do the same when you try to sell your Rolex luxury watch. The amount you need to chalk out depends on the price you get for this product. Normally, the sum is equivalent to a certain percentage of this value. You need to bear this in mind.

Selling your old Rolex watch is an ideal way to acquire the latest model in the market. You just have to dig a little deep into your pocket to pay to the extra sum. The internet is also the right platform where you can find a lot of potential buyers. Many of them may find who genuine interest in acquiring what you have. However, it is in your best interests to consider the above 3 factors when doing so.

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