Important Things To Consider When Selling Rolex Watches
If you have any experiences selling Rolex watches before, you know that there are indeed a lot of things that you can possible to in order to make the process a lot easier for yourself, and to increase the value for that specific timepiece. Selling a Rolex watch can actually be very difficult as well as frustrating at times if you have don't have any idea what you're doing. You might even have a very special memories attached to that Rolex which makes you understand the true value and worth. But you know it would be very difficult to have potentials buyers understand that very same feelings you have for that watch. This is why the following tips are provided to you in order to assist you in getting the highest possible value that your Rolex should have:
Auctions and its hidden commissions
Sell my rolex watch, Most people would likely start selling their Rolex watches to auction houses. Indeed it may sound like it's the best idea anyone could ever think of because you won't have to experience all the hassles of dealing with strangers as well as the uncertainties that you might feel if you have to sell it all by yourself. However, you should know that there are actually a lot of hidden commissions involved when you sell through an auction and these commissions will negate the positives associated in selling through auction.
Usually, there is what we call a Buyer's Commission in which the hammer price would reach for up to 25%. Also, the Seller's Commission will reach 15% of the actual price, deducting that to the amount you will personally receive. Add the necessary fees such as shipping, insurance, and photography, and the net price received by the seller is considerably less than that of the hammer price. Check out https://www.youtube.com/watch?v=-1fp8UAG-Ng for a video in repairing watches.
The Inclusion of Box and Papers
Authorized dealers from this website will always be able to give buyers their Rolex watches which is put inside a box together with the necessary papers in it for authenticity purposes. When someday you will sell your Rolex, you may want to include the box and papers as this will definitely increase the value of the watch and will also increase the expected price. The paperwork will verify the authenticity which helps a lot in easing the nerves of the prospect buyers. In case you don't know, Rolex boxes alone can actually be sold for hundreds of dollars.
