There is a rise in the secondhand luxury watch market, making it convenient for Rolex owners to sell their watches reasonably. As one of the most popular global watch brands, Rolex watches manage to hold their resale value most of the time.

If you’ve got a Rolex watch that you’re eager to sell, the holiday season might be a perfect time. While you make some extra cash to fund your gifts, your old Rolex could become some else’s priced possession. Here’s everything you need to know before you head to the store.

Find a Reputable Store for the Sale

A luxury watch is a valuable item that deserves the right home. Luckily, you can sell a Rolex watch at a reputable store to ease your mind, and finding a renowned store allows you to rest assured that you will receive the accurate value for your item.

There are several platforms where you can sell your watch, so proper research is the most crucial sale component. Try to avoid online auction sites or selling directly to strangers because you may not receive proper guidance regarding the watch’s value.

Search for the Original Box

A Rolex’s box has its own value, requiring you to provide it during your sale. The original box will allow you to raise your final price, and you are likely to make a higher profit. Make sure to retrace your steps and try to find the box before you take your watch to the store to sell it.

Look for Your Watch’s Reference & Serial Number

It is essential to collect your watch’s paperwork and look for the reference and serial number. If you lost the paperwork, you could find the reference number on the side of the watch case, between the lugs at 12 o’clock. Similarly, you can find the serial number on the case between the lugs at 6 o’clock.

Selling a Rolex with paperwork is a smoother process as it allows the store to authenticate the watch quickly. However, it would help if you took your watch to a professional instead of finding the numbers yourself on the case. If you try it yourself, there are chances you may accidentally damage it.

Figure Out the Secondhand Value

It can be difficult for you to receive a reasonable price for your watch if you’re not aware of its value. A few factors contribute to the value of your Rolex, such as its model number, condition, rarity, box, papers, and market demand.

You may need to look for similar watches to determine a price range or talk to a professional who buys or sells watches to figure out their secondhand value.

Don’t Rush the Process

Although you might be excited to sell your watch and earn some extra cash, it is vital not to rush the process. If you rush your sale, you might end up losing out on potential profit. Take your time to gather all of your documents and do your research before making an abrupt decision to sell the item.