1. YOUR WATCH RETAINS THE MOST VALUE IN A TRADE
It’s simple, instead of selling for cash and accepting a lower price than what you paid, you can trade it for an item of similar value. Everyone gets what they want, and both items retain their full value for future transactions.
2. PRE-OWNED LUXURY WATCH SPECIALISTS MAKE GREAT TRADING PARTNERS
With a huge volume of professional watch dealers worldwide, specialists are particularly open to turning their inventory into purchasing power, as this given him a great return on his inventory. They don’t have to waste time (and money) searching for a particular watch, you’re there waiting to give it to them, and get something great in return.
3. YOU’RE GOING TO WALK OUT WITH A MUCH BETTER DEAL
A watch dealer is going to be willing to offer a much better trade deal than an individual who paid full price for a watch. Think about it this way, the dealer already paid half price for the inventory watch, has little emotional attachment to said watch and have a better understanding of the depreciating values on the watch market.
4. DO YOUR HOMEWORK
Buying online has its inherent risks, but there’s always a way to stay safe. Request past trading references from your professional partner, and contact them. The key here is to make sure the references are available and identified, and more is always better. Also points if they have a solid website with BBB accreditation, Trustpilot ratings, and are willing to speak with you on the phone about a trade.
5. PRIVATE OWNERS CAN BE A SOURCE OF HUGE VALUE
Say that you have a watch that is immense emotional value to another collector, maybe it will complete their collection, or some other emotional pull. The watch that doesn’t mean so much to you might not be worth as much as what the other collector is willing to trade, but the other collector is willing to take a cut in value just so they can get what they want. These ideal matches are what dreams are made out of!
6. PROTECT YOURSELF, TRADE AS LOCAL AS POSSIBLE
The draw of a great trade with a partner overseas can be attractive, but also carries great risk. If possible, stick to trading with collectors that can trade in-person, and in secure public locations.
7. HONESTY IS THE BEST POLICY
Authentication is a major key here, you’ll get further if your watch can be authenticated with any necessary papers and references from BBB certified watch dealers. Be honest about the condition of the timepiece and any imperfections, no matter how small. A hit to your credibility early on can hurt your reputation in future dealings.
Staying knowledgeable is the key to making a great deal. Where to go from here? Watch forums like Watch U Seek Trading Corner, online marketplaces like Ebay and social groups like Red Bar Group provide plenty of opportunities to find trading partners.