Looking for the best places to sell used watches?
We’ve got you covered. In today’s post, I’ll cover 11 of the best places you can sell your used watch.
The revenue of the worldwide second-hand luxury watches market was estimated to be worth approximately $786 million U.S. dollars in 2021. So, it’s definitely worth selling your used watch!
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Where is the Best Place to Resell Watches Online or Near Me?
While there are many places to sell your old watch, there is no one “best” place.
If you have top of the line luxury watches you want to sell (i.e. Rolex, Seiko, Citizen, Omega, or Cartier) you wouldn’t want to put that on Craigslist. You’d want to go with a reputable online or local jewelry reseller.
On the other hand, if you have everyday use watches like Fossil or cheaper Casio models, you’d get more money by selling them on a site like Craigslist or OfferUp.
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That’s why it pays to do a little research and see how much similar watches have sold for on a few different platforms to find out which platforms can get you the most cash for your old watch.
With that said, here are the top places online and near you to sell your used watches for the best price.
1. Worthy
Worthy is a website that offers fully insured online auctions. You can sell sell engagement rings, diamond jewelry and watches there.
Your watch will need to be prepared for sale, which includes cleaning, photography, and objective third-party grading of your jewelry. FedEx Shipment to the company’s offices is fully insured by insurers at Lloyd’s of London.
Once your piece is ready for auction, you can set the reserve price you’re comfortable with. Worthy will then create the auction listing for you and promote it through its buyer network. Simply start your auction, and wait for the offers to roll in.
After the auction successfully ends, you will receive the final sale amount minus the company’s fee. The fee is a percentage of the price your watch was sold for.
The fee depends on the winning bid.
Here are the fees:
- Up to $5,000: 18% fee
- $5,001 to $15,000: 14% fee.
- $15,001 to $30,000: 12% fee.
- $30,001 – above: 10% fee.
Once your watch has sold, you can get paid via bank transfer, PayPal, or check.
2. Chrono24
Chrono24 is a marketplace for luxury watches. You can create a free listing for your watch on there and, according to the site, reach 9 million potential buyers every month.
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You can enter the reference number, brand, or model for your watch in the box on the site to get started.
You can find a buyer, use the company’s secure payment processing, send the item insured, and complete the sale.
Payment processing through Chrono24’s free Escrow Service is designed specifically for luxury watches.
The buyer transfers the payment to a secure escrow account.
Payment arrives in the escrow account, and you are notified in your myChrono24 user area. You ship the watch insured for its full value.
Once the buyer has received their watch, you will receive a payout of the sales price within 7 days. The company will transfer payment to your bank account within 7 business days.
Once you sell your watch, Chrono24 charges a 6.5% commission fee.
3. Watchfinder & Co.
Watchfinder & Co. is a website where you can buy and sell premium pre-owned watches.
On Watchfinder & Co., you can fill in your details and find the watch you want to sell.
The company will then send you an estimate for your watch. If you’re happy with it, you can post your watch to the company.
When the company receives your watch, it will be inspected at its manufacturer approved service center.
Watchfinder & Co. will make you a final offer. If you’re happy with the offer, you will receive payment via bank transfer in 5 working days.
4. Crown & Caliber
Crown & Caliber is a place where you can buy and sell used luxury watches online. It describes itself as, “The premium buyer and seller of used luxury watches, including Rolex, Cartier, and OMEGA.”
You can select the brand/manufacturer and enter the model number for your watch on the site.
Once you submit your watch, you can get an offer. If you like the offer, you can ship your watch to the company. The company will email you pre-insured FedEx labels.
Once your watch arrives, the company’s watchmaker will authenticate and inspect the watch. Once the company’s team has processed your watch, it will confirm your payment and send it via check or store credit.
It’s important to note that Crown & Caliber states that it has made changes to its buying process. While most brands/models will receive a cash and trade offer, some brands/models may only receive a trade offer.
5. eBay
A lot of websites where you can sell watches, like Watchfinder & Co, and Crown & Caliber, focus more on luxury watch brands. So, if you don’t have a luxury watch, then these sites are not ideal. In that case, eBay is a good alternative. You can sell all types of watches there.
What’s great about eBay is that it’s a super popular website. 138 million people are active on eBay. So, there are lots of potential buyers on there.
You can list up to 250 items per month for free on eBay. If you list more than 250 items per month, you’ll start paying a $0.35 insertion fee per listing.
When your watch sells, eBay charges you a final value fee, which, for most categories, is 13.25% of the sale price or lower, plus $0.30 per order.
6. Bob’s Watches
Bob’s Watches is a website where you can buy and sell pre-owned luxury watches.
It was founded in 1999, making it well-established in the market. The company describes itself as “The leading online marketplace for buying, selling, and trading used Rolex watches for men and women.”
You can fill in the form on the site to get started with selling your watch. You can also click on one of the links to the page for selling your specific brand of watch, like Rolex, Omega, or Breitling.
You can get an instant quote when you select your watch model.
Select your watch and answer a few questions. You’ll get an offer and if you like the offer, you can ship it to the company.
Bob’s Watches will send you a free, fully insured FedEx label.
You’ll get paid via cash, wire, or check.
7. Govberg Jewelers
Govberg Jewelers is a website for new and used luxury watches. The company describes itself as “One of the leading authorized dealers of luxury watches in the United States.”
It’s an authorized retailer for more than 20 watch brands, such as Rolex, Patek Philippe, H. Moser & Cie, Bulgari, Breitling, Hublot, Grand Seiko, and Tudor.
You can find your watch on the site and fill out the form to get a fast and free quote.
If you like the quote, you can send your watch to the company. Once you accept the quote, you can instantly print out a pre-paid, fully insured, FedEx label to send your watch to the company.
Once the company receives your watch, its watchmakers will evaluate its condition and authenticity. After the company’s finalized quote is accepted, it processes payment immediately.
8. OfferUp
OfferUp is a website where you can buy and sell stuff locally. If you are looking for the best place to sell your watch near you, OfferUp might be a good option.
There are no fees charged for local sales where you don’t ship items. If you do ship items, you’ll need to pay a fee of at least $1.99 or 12.9% of the sale price when shipped items sell.
9. Cash for Gold USA
You can sell working and broken gold and luxury watches at Cash for Gold USA. It’s a good place to sell gold watches.
You can request a free evaluation from the site. If you sell your watch to Cash for Gold USA, you can ship your gold watch through either its insured, secure USPS SAFEPAK (insured for up to $1,000) or using its Appraisal Kit with a FedEx label (insured for up to $5,000). Additional insurance is available up to $100,000.00 USD prior to shipping.
Within 24 hours of receipt, the company’s certified appraisers will evaluate the value of your watch and make you an offer.
If you accept the offer, you’ll get paid immediately by one of the company’s payment options. Payment options include direct deposit, PayPal, virtual credit card, print-at-home check, or check mailed to you via USPS or FedEx overnight shipping.
10. WatchBox
WatchBox describes itself as “The global leader in pre-owned luxury watches.”
On there, you can buy, sell, or trade the most popular watch brands, such as Rolex, Patek Philippe, and Audemars Piguet.
You can fill out the online form with your watch information to get a quote from the company within 24 hours.
If you accept the offer, you can get a pre-paid shipping label, including insurance, or the company will arrange a face-to-face collection.
Once the company receives your watch, its qualified watch experts will inspect its condition and authenticity. Once the inspection is finalized, you’ll receive payment via check or wire payment.
11. Craigslist
When it comes to selling stuff near you and for instant cash, Craigslist I still one of the best platforms. Just put an ad on the site, add a detailed description of your watch or watches, a few good pictures and wait for someone who buys old watches and is interested in yours, to contact you.
The biggest thing you need to be aware of when selling on Craigslist is safety. There are a lot of scammers out there. Always meet the buyer in a busy area, in a mall, inside of a grocery store or better yet, in the parking lot of your local police station.
Time to Cash In!
Don’t let your used watches gather dust in a drawer. Dust it off, replace the battery and start exploring these top platforms to turn your timepieces into cash today.
Remember, time is money, so make the most of it and sell your used watches to eager buyers looking for their next stylish accessory.
Aditya
we can sell this in local markets in India in cheap prices
harshit chudasama
es you are sell your items in local Indian market but the first thing try to make chronograph watch watch like Rolex becouse people need good looks with cheap price so you can also make you product like Rolex