How and Where Do I Sell My Watch Online?

Occasionally the watch carrier is gripping the desire for fresh wind in his collection. Anyone wishing to separate from a used piece in favor of a new watch has more than one possibility for a sale. The WATCH MAGAZINE has tested and compared four sales platforms. If you have a specific sales request, you can use the infographic at the end of the article to determine the appropriate platform.

Automobile and watches are associated with emotions, and not infrequently you want more than you can actually accommodate or finance. While the car dealer can make a convenient offer to exchange on request, watchmakers are more forced to sell on their own. If no buyer is interested in a friend or acquaintance, several more or less specialized sales platforms on the Internet offer the framework for selling the used watch.

How to sell your watch in an auction house, you will find in the article “How do I make a watch?”, Which you can download here for free .

In principle, it is possible to distinguish between resellers and resellers and marketplaces that are either specialized in watches or offer a category for watches. The best known address on the Internet for buying and selling is the online auction platform eBay .

Ebay-Sell Watches By Auction Or At A Fixed Price

Almost 450,000 offers can be found here under “Wristwatches”, but new and used goods of all price and quality categories are mixed. Who wants to sell his watch here, has several possibilities for an offer.

The auction is the best known method: The starting price can be fixed, the design of the offer is easy and also for an Internet opportunity user feasible. Important pictures of your own clock are important, and a credible and correct description. If you do not have any reviews as a buyer or seller on eBay, you may find it hard to get a first auction because of the lack of trustworthiness. Bids with a starting price of one euro are always successful in the bidding contest. A minimum price, which is not identifiable for bidders, prevents an auction that is clearly below the value of the watch. If the surcharge is below the minimum price, no purchase contract will be concluded. In addition, you can also offer an offer for immediate purchase at a fixed price, and another function allows interested parties to make a price proposal for the product. This can be sighted and rejected within 24 hours. By accepting the proposal, a legal purchase contract is already in place.

Ten percent of the sales proceeds will be paid to eBay, plus an offer fee that depends on the options selected to raise the auction. Who offers the payment service PayPal for buyer, has to deduct once again 1.9 percent of the proceeds as well as a lump sum of 35 cents of the proceeds. At a selling price of 3,000 euros, set as an auction starting from a Euro minimum bid and with few extras to highlight the ad, the eBay invoice is at the end over 250 euros. Of which 199 euros are commission for the eBay operator. This amount is, however, also the upper limit – is more redeemed, still fall only 199 euros. If the buyer pays with PayPal, we will add 57 Euro for our sample sale. With a surcharge of 3,000 euros are to deduct 309 euros for fees and commissions.

Chrono24-The Small Display With High Range On The Internet

The Internet offers special marketplaces exclusively dedicated to watches. Chrono24 has been online since 2003, making it the oldest dedicated luxury watch market. Over 290,000 watches from more than 90 countries on the planet are on the market, both from professional dealers as well as from private individuals. The monthly visitor numbers are more than ten million people from all over the world-a more range around the world will hardly be possible for a watch service.

Instead of an auction, the offer is opened with a fixed price. Prospective buyers then get in touch with each other and deal with the business in dialogue and can also act. The sale does not take place over the market square. Chrono24 offers only the platform-a small advertisement in the classical sense. The advertisement itself is designed in few steps. Who knows the reference number of his watch-for example for an older Rolex Submariner with aluminum lunette insert the 16610-saves a lot of work. In this case, Chrono24 fills the basic data from its own database. The condition must be described honestly.

Up to four pictures are included in the ad without any additional costs. As a proof of ownership against Chrono24 two images have to be uploaded with a certain pointer position-so the platform wants to ensure that a salesman is actually in possession of the watch. A fee of 2.85% of the price stated in the advertisements is charged for a private watchmaker’s watch. The price is limited to 299 euros, down to a minimum of five euros. If the watch is not sold within six months, the charge will be refunded in full by Chrono24. Anyone who wants to gain additional trust from his potential buyers offers the trust service.

In this case, the buyer first transfers the purchase price to a trust account. If the buyer holds the watch in his hands and is satisfied, the payment is transferred to the seller. The fiduciary service is completely free for the seller, here the buyer bears the costs for its additional security. 3.5 per cent of the purchase price plus additional shipping charges for the service will be due. For a watch that has a purchase price of 3,000 euros, 105 euros are added to the buyer for the extra security. When selling over customs and national boundaries, any applicable customs fees should be considered for the buyer, as well as for bank and port charges.

Chronext-Uhrenankauf For The Impatient

In general, free market places are most likely to be challenged if the seller brings a little patience. The sale can take place quickly, but possibly-with less demanded models-a little time is planned. If a quick sale is desired, a watch purchase is rather the means of choice. Chronext, based in Cologne, has been offering this service for some time.

The company, founded by watchmakers, buys watches, provides maintenance services on the models and sells them back over their own market place.

If you would like to sell your watch to Chronext, you can enter the information about the timer with a few pictures via an online form. Then the watch is picked up by a shipping service provider at the seller and checked at Chronext for authenticity and condition. Afterwards an offer with a purchase price, depending on the condition of the clock. Chronext has its own watchmakers, who handle the processing of the watches and also carry out the authenticity check.

For an urgent service, this service is optimal, as within one week, the evaluation, the offer and the payment of the purchase price. Compared to a sale to private customers, a low purchase price is expected. Ultimately, a trader always relies on a favorable purchase and a profitable sale.

Antiquorum – Auction House

Antiquorum is a classic : the auction house has been auctioning watches since 1974, mainly for the luxury class. The auction house has local offices in Geneva, New York, London, Moscow, Paris, Milan, Munich, Shanghai and Hong Kong. A first contact is made via the online form. The team of the auction house then reports with an initial assessment of the object to be auctioned. Ideal is a visit to one of the branches for the exact evaluation of the clock. The costs to the seller are however not small.

If the clock is actually added to a buyer, the commission with a proceeds of up to 10,000 US dollars is 15 percent. If the proceeds exceed 10,000 US dollars, a further ten percent commission is added to the surplus. A further percentage on the complete proceeds is for an insurance policy that secures the piece during the auction and storage. The costs for photographs of the auction lots are different. This way is worthwhile only for real luxury watches with rarity. Depending on when the next auction takes place, a fast sale is not to be thought of. There are ten auctions per year, but at three different locations: Geneva, Hong Kong and New York. Up to a quarter of a year can be the waiting time before one of the next local auctions is up. The reach is however immense-the auction catalogs are printed and online great popularity, and both on the Internet and by telephone can be watched on watches. Attention: It can take up to 45 days before the proceeds of the auction are credited to the seller.

Anyone wishing to disconnect from a watch can do so in many ways-also depending on which timepiece is to be sold.

Sell ​​Watches Online: How To Find The Right Platform

Particularly rare and noble watches reach the best reach and clientele of collectors willing to pay through an auction house like Antiquorum. Chrono24 is also a well-known address for collectors around the world. Known models of popular brands such as Omega, Rolex, Breitlingand others can be sold here. Even buyers appreciate references from the well-known brands, where a quick resale is realistic. Low and mid-price watches are the best on eBay-especially when two bidders enter a battle around the clock. Of all possibilities, this online auction without a minimum price is also the one with the highest gambling factor. The proceeds can be very good, but also smaller than expected. Supply and demand regulate the price, also in the watch market.

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