Are you looking to sell your watch, but not sure where to start? Or perhaps you've tried selling it before, but had little to no success.
Well, you're not alone.
To find someone and get the right price for your watch is difficult, but the overall process of trading it and shipping it from one place to another comes with its own pain points. Despite the ample amount of online marketplaces available out there, watch owners end up decreasing the value of their watches by making some common mistakes that we will dive deep into soon.
At the end of the day, it also makes it harder to find a new buyer who appreciates your timepiece as much as you. So, what are these common mistakes that you should definitely avoid when trying to sell your watch collection online? Let’s find out-
6 common mistakes to avoid while selling your luxury watch
Here are the common mistakes watch owners make when selling their watch:
Cleaning and Servicing: Watch owners normally either skip this step or do it by themselves, impacting the trade price negatively or even worse, damaging their watch. It takes time and money to have your watch cleaned and maintained by a qualified watch artisan before listing it for sale. But in order to increase your watch's worth and appeal to consumers, it is necessary to engage in this activity
DIY or stock images don’t work: Stock images of your watch or homemade shots that you took don't work as well in today's digital age. This is due to the fact that not all watch owners have the skills or tools necessary to capture high-quality pictures of their timepiece, making the marketing for the watch less intriguing and enticing to potential customers. This ultimately has a detrimental impact on the trade value, preventing the watch owner from receiving the amount they had hoped for
Estimating value: In most cases, watch owners are unaware of the exact market prices at which their watches are sold. As a result, they either overprice the watch or underprice it, losing money on the sale or missing out on a potential sale. Watch owners must engage in extensive due diligence to determine the true worth of the watch in order to avoid this. Usually, this turns out to be a very difficult and drawn-out procedure
Missing on flaws or damage: If your watch has any flaws or damage, it's essential to disclose this information to potential buyers. Not doing so could result in the buyer being disappointed with their purchase, and it could also lead to disputes
Missing necessary descriptions: When listing your watch for sale, writing detailed and accurate descriptions can be challenging, especially if you're not familiar with the technical aspects of your watch. It's important to provide detailed and accurate descriptions as it helps potential buyers understand the features and other information related to your watch, and help avoid any misunderstandings later on
Packaging: Not providing durable and secure packaging is another blunder that watch owners make when shipping their timepieces to the new owner. This can be a major issue for both the seller and the buyer. If a watch is not properly packaged, it can be damaged during transit, which can result in the buyer receiving a non-functional watch. This can lead to frustration for both parties
But fear not! There is a solution. With warranti, you can avoid these common mistakes and get the best price for your watch.
So, let's dive deeper into how warranti can help you avoid them:
Vaulting: warranti provides secure vaulting of your watch, where your watch is professionally cleaned and serviced prior to vaulting it. From there, it's ready to be traded online.
Digital twin in 3D: Using advanced processors, we are able to render and create an identical digital representation of your watch in 3D and not just a high quality photo. This helps potential buyers to get a more accurate feeling of how your luxury watch looks.
Watch Oracle: We have developed an advanced AI to search through the internet for active and past trading activities of similar watches to determine the current value range that you could get for it. It also provides detailed and accurate descriptions of your watch by scanning it and comparing it with our own database and other reports from watch brands. This helps potential buyers to make an informed decision.
On-chain authentication and grading: We also provide in house authentication and grading services for your watch before it's listed on our marketplace for sale. This avoids possible misunderstandings later on and helps in providing a much smoother experience for both the buyer and the sellers.
Premium packaging: We use a sturdy and secure packaging to ensure that your watch is properly protected during shipping. Not only this, but we also cover for the insurance of the watch from the moment it is picked up from your place and until it gets delivered to the new owner.
Summary
Selling a watch can be a challenging and time-consuming process, but it can be made even more difficult if watch owners make common mistakes. These mistakes can decrease the value of the watch and make it harder to find a buyer who appreciates it.
The common mistakes that watch owners make include improperly cleaning and servicing, using low quality or stock images, inaccurately estimating the current value, failing to disclose any flaws or damage, providing inadequate descriptions, and not using proper packaging when shipping.
To avoid these mistakes and get the best price for your watch, consider using a marketplace like warranti, which helps facilitate the trade of high-value collectibles. So why not give warranti a try? You have nothing to lose and everything to gain.
So, what are you waiting for, get your watch collection appraised for FREE using our advanced AI tool! Just click here.
About warranti
warranti is a marketplace and ecosystem for authentic high-value collectibles. We use digital twins to ensure faster and more efficient trading, fewer costs and on-chain authenticity. The physical asset is kept with a highly secure and licensed partner until sold and redeemed. The digital counterpart, also known as a digital twin, that represents the asset ownership, belongs to the owner of the asset. Collectors can trade, exchange and redeem their assets at any time, providing a seamless trading experience.
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