Have you been thinking about selling your watch but are unsure whether you should do it? There are a variety of reasons as to why you might be considering doing so, so let us share some of the benefits.
You want to make space for newer releases
If you are a passionate collector, then you’ll always have your eyes on your next purchase. Selling your watch will help you make way for other timepieces that you can add to your collection. If you realise that you own a watch that you don’t often wear, this is also a great reason to sell.
It requires more repair than you can provide
Nothing makes a collector sadder than seeing a fine timepiece in bad shape: bent, malfunctioning, and caked in gunk. The good news is that most defects can be fixed, but you’ll need to know who to contact and how to go about getting the item serviced properly.
Cash is more valuable to you
There’s a good chance you’ll want to sell your watch to fund new endeavours, whether it’s a car, home, or other investment opportunity, if a specific timepiece no longer suits you or there are other things that interest you more.
The watch has surged in value
Luxury watches occasionally experience an unanticipated increase in value. This could happen for a variety of reasons, such as if it’s been discovered that a particular release has an unintended quirk or if someone famous has been spotted wearing one. If you bought your watch as an investment, it only makes sense to sell it when its value rises.
It’s not to your taste
The watch could have been a gift that you accepted to avoid hurt feelings, even though it’s not your style. Feel free to wear it a few times so your friend notices before you sell it. If the question of its whereabouts arises, there’s nothing wrong with telling a white lie.
You want to raise finance
Alternatively you may wish to raise finance by securing a short-term loan against your watch. Prestige can help with loans ranging from one day to seven months in length – speak to our advisors today to find out what we can offer.