There’s no better time to price your time piece than when you need some emergency cash fast and are looking to make a little bit of money. Determining whether or not your grandpa’s old watch has any intrinsic value to it can prove problematic however, if you don’t know anything about watches. Like a fine luxury automobile, certain name brand watches have a cachet that demands respect and can command top dollar.
As such, if grandpa had stashed a vintage, jewel encrusted Rolex in the back of his sock drawer, you can probably expect a better return than if your search unearthed a rust encrusted Timex instead. The Brand name and overall condition of the time piece can have a direct bearing on the amount of money that a piece can fetch on the used watch market. If you’re looking to sell your watches in Boca Raton, then identifying the key luxury brands will put you ahead of the game in determining the value of your watch.
Watch for Watches That Retain their Value…
As mentioned, certain watch brands are well known for their superior quality and hefty price tag. Like anything however, the value is in the beholder and the luxury timepiece you purchased in better times may have lost much of its value as soon as you strapped it onto your wrist. While there are many factors that might impact the value of a time piece, several of the key considerations include:
- Make and model of the watch.
- Popularity of the brand.
- Demand for certain brands and models.
Invariably, some watches hold their value better than others, and if you find yourself in possession of a luxury watch that is in favor with collectors and aficionados, you can stand to make a tidy sum of money from watch buyers in Boca Raton, Florida.
Luxury Watches that Hold Their Value…
All watches are not created equal, so if you are curious if your watch will make the cut in the collector’s market, the following five brands are the top players in both the new and used watch market.
Patek Philippe—a masterpiece that would augment any collector’s jewelry box, the Patek Philippe is a must have for the knowledgeable connoisseur. While some models have been known to command a million dollars, the majority of these beautiful pieces are offered in the $5,000 to $10,000 range. This Swiss-manufactured piece of technological excellence holds its value extremely well, and represents a solid investment opportunity if you looking to sell it.
Rolex—Perhaps the most popular and well known luxury watch in the world, this Swiss offering is guaranteed to hold its value and performs well on the secondary market. When someone hears the word “Rolex” they know what’s in store for them when they make their purchase: quality, beauty, and superior craftsmanship.
Audemars Piguet—While the name doesn’t roll of the tongue quite as easily as the Rolex, the Swiss-based Audemars Piguet is a well known player in the luxury watch world. With prices ranging from a few thousand dollars into the tens of thousands of dollars, the Audemars Piguet has excellent resale prices for those looking to part with one from their collection.
Cartier—Moving across the Swiss border into France, the Cartier line of fine jewelry has reached iconic status with the buying public. In addition to their fine line of jewelry, they also make classic watches for both men and women that are guaranteed to draw the eye to its beauty.
Vacheron Constantin—Albeit not as well known to the general public as some of the pieces listed above, the Vacheron Constantin has a solid record among collectors as a brand that retains its value long after the sale has been rung up in the high end boutiques that offer this appealing time piece. While basic models can start out in the $3,000 range, rarer Vacheron Constantin’s have been known to sell for tens of thousands of dollars owing to its excellent reputation and stylish appointments.
Should any of these brand names be pulled from your grandpa’s aforementioned sock drawer, you in a strong position to make a sale on the secondary watch market in Boca Raton, Florida for a substantial profit.