Wow, I new to this.
I always have the impression that owning good branded watch won't lose money.
I got a dose of reality from reading your great post.
How to sell rolex: A guide to selling rolex watches
While the luxury watch industry may be facing some turbulent times, the secondary market for Rolex watches is booming. And this is great news for anyone who is thinking about selling Rolex watches.
Universally recognized, Rolex is by far the most in-demand brand in both the retail and secondary market for luxury watches. This higher demand means that selling a Rolex can be easier than selling other fine timepieces. If you’ve ever wondered what’s the best way to sell a Rolex, read our in-depth guide on how to get the most for your pre-owned watch.
I WANT TO SELL MY ROLEX, NOW WHAT?
First things first. Before you immediately dive into selling a Rolex watch, there are a few strategies that will help you secure the best price and experience possible. Keep these below points in mind for a smoother process when selling your pre-owned Rolex watch.
Figure out the reference numbers and serial numbers of the Rolex to sell
Find accompanying box and papers of the Rolex to sell
Research secondhand values and understand why they are not the same as retail
Take pictures of the Rolex to sell
Find a reputable dealer to sell your Rolex to
Hi i have a full box and papers GMT Master 16700. May i know know how much it is worth? Watch in mint condition. And where could be the best place for me to sell it? Thanks.
Hi i have a full box and papers GMT Master 16700. May i know know how much it is worth? Watch in mint condition. And where could be the best place for me to sell it? Thanks.
It depends also on the watch condition and how complete is your "full box and papers". Some people have different interpretation of "full box and papers". In addition, the price is also dependent on the age of the watch and its servicing and maintenance history (if any), i.e. if it has been polished and/or serviced before and by whom.
From current market situation, taking into consideration the descriptions of your watch, the price ranges from high 9K to 12K thereabouts. There is no 'best place' to sell it. If you prefer a more convenient way to sell it, then approach the watch shops/dealers. Price will be lower because these shops/dealers need to make profit from it, but less hassle.
If you do not mind the hassle, and that you are likely to sell at a higher price (than to shop/dealer), DIY online. It can be here in this forum or Carousell, or any other online platforms you deem fit.
Do you know what is the market price for No-Date Sub 1140600 market price?
Local retail price for brand new piece is $10,030.
Local AD selling price is $10,030 (if there's stock).
Local grey/PI dealers selling price is $10,030 or slightly less (if you're lucky).
Pre-owned piece selling price range is between $8,000 and low $9,000 (depending on condition and how old/complete the watch is, etc).
You may consider to approach some dealers to ask how much they are taking in, for a pre-owned piece.
You may want to post the watch for sale in the forum's sales garage section. Price wise I'm not too sure. Maybe can get reference from some of the online sites?
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