Understanding The Luxury Watches Resale Market

The luxury watch resale market is a booming industry, with the global market for pre-owned watches expected to reach $25 billion by 2025. But what is driving this growth? There are several factors, including an increase in the number of people buying luxury watches, a decrease in the stigma around buying pre-owned items, and the rise of online marketplaces that make it easy to buy and sell luxury watches. In this article, we will inspect the luxury watch resale market and explore some reasons behind its recent growth.

The current state of the luxury watch resale market

The current state of the luxury watch resale market is strong. Rolex, Patek Philippe, and Audemars Piguet are among the most popular brands, with many collectors and enthusiasts willing to pay top dollar for these timepieces.

The secondary market for luxury watches has seen significant growth in recent years, as more people become interested in collecting and investing in these high-end products. There are a number of online platforms that facilitate the buying and selling of luxury watches, making it easier than ever before to find the perfect piece.

Whether you’re looking to buy or sell, the current state of the luxury watch resale market is favourable for those looking to get involved. With a wide variety of options available and prices on the rise, now is a great time to start your collection or invest in a new timepiece.

Why luxury watches are a good investment

There are many reasons why luxury watches make a good investment, but the chief among them is that they hold their value over time. In fact, many luxury watches actually appreciate in value as they age, making them a wise investment for those looking to grow their wealth.

Another reason luxury watches are an excellent investment is that they are built to last. With proper care, a luxury watch can easily last a lifetime and even be passed down to future generations. That means your investment will continue to pay dividends long after you purchase it.

Finally, luxury watches make a great addition to any collection. Whether you’re a seasoned collector or just getting started, adding a few luxurious timepieces to your collection can add both beauty and value. And since every collector’s needs are different, there’s sure to be a perfect luxury watch out there for everyone.

So, if you’re looking for a wise investment that will hold its value over time and appreciate in value, a luxury watch is a great option. With proper care, it can last a lifetime and provide both beauty and value to your collection.

How to buy a luxury watch on the resale market

When it comes to buying a luxury watch in the resale market, there are a few things you need to keep in mind. First and foremost, you need to be aware of the different types of luxury watches that are out there. There are many brands and styles to choose from, so it’s important to do your research before making a purchase.

Once you’ve decided on the type of luxury watch you want, the next step is to find a reputable dealer. There are many online dealers that sell luxury watches, but it’s important to find one that is reputable and has a good return policy. You should also make sure that the dealer provides a certificate of authenticity for the watch you’re considering purchasing.

Finally, once you’ve found the right dealer and have your certificate of authenticity in hand, it’s time to negotiate a price. Luxury watches can be quite expensive, so it’s important to get the best deal possible. Be prepared to haggle and be willing to walk away if the price isn’t right. With these tips in mind, you should be able to find the perfect luxury watch in the resale market!

The best luxury watches to buy in the resale market

When it comes to luxury watches, the resale market is flush with amazing options. Here are some of the best luxury watches to buy on the resale market, whether you’re looking for a gift or an addition to your own collection.

ROLEX Submariner: The Rolex Submariner is a classic dive watch that has been popular for decades. It’s well-made and stylish, and it holds its value extremely well. For example, if you bought a brand new Rolex Submariner Date 116618LN in 2009, the price at that time was around $13,000, nowadays there is a demand for the same timepiece in the secondary market at $43,000. That is almost more than $28,000 profit. So you could enjoy owning a Rolex for over 10 years and made a good profit re-selling it!

Patek Philippe Nautilus: The Patek Philippe watches are a great example of investment watches. The Patek Philippe Nautilus is a classic watch that is highly sought-after by collectors. It’s elegant and timeless, and it’s also very well-made. You can find Patek Philippe Nautiluses on the resale market for around $165,000. Three years back (2020), you could buy pre-owned Patek Philippe Nautilus for around $62,000.

Audemars Piguet Royal Oak: The Audemars Piguet Royal Oak Selfwinding (Model:15500ST.OO.1220ST.04) is a modern classic that was first released in 1972. It’s known for its unique octagonal bezel and its luxurious materials. On the resale market, Audemars Piguet Royal Oaks start at around $35,000 and it can go up to $80,000.

Last example; Vacheron Constantin Overseas: The Vacheron Constantin Overseas (Model : 4500V/110A-B146) is a beautiful luxury watch that is perfect for travel. It’s well-made and stylish, and it has an impressive list of features. On the resale market, Vacheron Constantin Overseases starting price at around $40,000.

Do you have a luxury watch that you’re thinking of selling?

If you have a luxury watch that you’re thinking of selling, the first step is to get an accurate appraisal of its value. There are many international and local agencies that offer free, no-obligation appraisals and will even buy your watch outright if you’re looking for a quick and easy sale.

Conclusion

If you’re considering purchasing a luxury watch, it’s worth checking out the resale market first. You may be able to find the same model for a fraction of the price. And if you do decide to sell your luxury watch later on, you’ll likely get a significant portion of your original investment back. Whether you’re looking to buy or sell, contacting the right luxury watches advisor is the right way to start.