Do you want to know where to sell Rolex for cash? Yes? Then you’ve come to the right place. Here are some of the best places to sell your Rolex watch.
Rolex is a Swiss luxurious watch brand founded in 1905 by Hans Wilsdorf and Alfred Davis. It’s known for its prestige, craftsmanship, and innovation. Because of that, Rolex has become one of the most iconic and recognizable watch brands worldwide.
Over the years, Rolex has developed numerous models that contributed to Rolex’s legacy of precision, functionality, and elegance. Here are a few popular models of Rolex:
- Rolex Submariner
- Rolex Datejust
- Rolex Daytona
- Rolex GMT-Master II
- Rolex Day-Date (President)
- Rolex Explorer
- Rolex Sea-Dweller
As you might know, Rolex is an expensive watch brand. Not many people can afford to buy Rolex watches. For that reason, the second-hand market for Rolex watches is huge.
The Rolex Dayton Model, known as the “Oyster Albino” is exceptionally rare due to its silver-colored dial. In 2015, one of these Rolex watches sold for over $4 million at auction, making it one of the most expensive Rolex watches ever sold.
The second-hand market for Rolex watches is so big and profitable that even the Swiss brand has launched a Rolex Certified Pre-owned resale program.
Rolex watches are built to last and often live several lives. Because of that. Rolex watches tend to hold their value over time. You can sell your used Rolex watches at an appreciatable price.
It’s important to choose the right platform to sell your precious timepiece to ensure the best price. In this post, I’ll cover some of the top online platforms and local avenues to sell Rolex watches for cash.
So, let’s see where to sell Rolex for cash.
Where To Sell Rolex Online
The most convenient way to sell your Rolex is through online platforms. You can sell your Rolex watch from your home. Also, you can reach thousands of buyers.
Here are some of the best places to sell Rolex online.
1. Bob’s Watches
Bob’s Watches is one of the best places to buy and sell luxury watches. Bob’s Watches claims to be the most trusted name in pre-owned Rolex watches.
They have over 30 years of combined experience. Therefore, you can rest assured that you will get the most up-to-the-market appraisal of your Rolex. This online platform can be used for selling used Rolex or finding the value or worth of your used Rolex watch.
The selling process is pretty straightforward. Follow the below steps:
- Select your watch and answer a few questions. You’ll get an instant quote.
- If you accept the offer, they’ll send you a free, fully insured FedEx label to ship your item.
- After the evaluation, you’ll get paid via check, cash, or wire transfer.
2. Govberg Jewelers
Govberg Jewelers is one of the leading authorized dealers of luxury watches in the United States. It’s an authorized retailer for over 20 watch brands, including Rolex, Bulgari, Hublot, and Grand Seiko. It offers a trusted solution to help you secure the best value when you want to sell your luxury wristwatch. It claims to pay top dollar for authenticated luxury watches— higher than any other online retailer.
To get started, you can just fill out an online form with your watch information. They will share a quote within 24 hours. The more information and photos you can provide, the more accurate their quote will be.
If you accept the offer, you can instantly print out a fully insured pre-paid FedEx label to send your watch. Once they receive your watch, their watchmakers will evaluate its condition and authenticity. Once their finalized quote is accepted, they process payment immediately.
If you decline the offer after shipping, they will return the watch and cover the cost of shipping and insurance.
3. Worthy
Worthy is another best place to sell your Rolex watch. It’s a leading luxury watch re-seller with ample knowledge and expertise in Rolex timepieces.
Worthy sells many Rolex watch models, such as:
- Air King
- Cellini
- Daydate
- Datejust
- Daytona Cosmograph
- Explorer
- GMT Master & GMT Master II
- Milgauss
- Presidential
- Sea Dweller
- Submariner
- Yachtmaster
Worthy’s local partners at CIRCA offer an in-person selling experience. You can schedule an appointment to sell your Rolex watch in person. However, you can also sell your Rolex watch online.
You start by describing your Rolex watch on Worthy’s online jewelry and watch submission form. Be sure to include mention of any paperwork you may have. Then, ship your Rolex to Worthy’s facilities for authentication and evaluation using the pre-paid shipping label.
The experts at CentralWatch, the industry-standard experts that Worthy works with, will examine your Rolex and compose a detailed report on it. Then, Worthy takes high-quality photographs of your watch to display at auction.
At this stage, Worthy allows you to set a minimum reserve price. If the bids don’t meet your reserve price, you are under no obligation to sell your watch. Buyers are invited to view and place competitive bids on your watch. You’ll get paid once the highest bid meets or exceeds the reserve price.
4. WatchBox
WatchBox is another place that buys luxury watches, including Rolex. It claims to pay top dollar for luxury watches, with payouts higher than any other online retailer.
To get started, fill out an online form with your watch information. They’ll share a quote within 24 hours. If you accept the offer, you’ll receive a pre-paid shipping label, including insurance, or they’ll arrange face-to-face collection.
Once they receive your watch, their qualified watch experts will inspect its condition and authenticity. Once the inspection is finalized, you’ll receive payment via check or wire transfer.
Moreover, you can trade your watch for a new watch.
5. Sotheby’s
Sotheby’s is one of the best places to sell valuable items, including Rolex watches. It’s the most reliable resource for Rolex watch auction appraisal and consignment.
Some of the most popular consigned Rolex models are Daytona, Sea-Dweller, Submariner, and James Bond.
Sotheby’s live auctions happen in London, New York, Geneva, and Hong Kong, and online auctions and private sales also have broad appeal.
Submit images of your luxury watch with any additional information to Sotheby’s easy-to-use online estimate form to receive a complimentary auction estimate.
6. Watchfinder & Co
Watchfinder & Co is another place that allows you to sell and trade your Rolex watch. It works similarly to other marketplaces.
You can start the selling process by finding your Rolex model. You can search by keyword, model number, or image upload. After that, complete an online form to get an estimated price.
If you’re happy with the offer, post your watch to them. Once they receive your watch, it’ll be inspected at their manufacturer-approved service center. After the inspection, they’ll make you a final offer.
If you accept the offer, you’ll get paid via bank transfer within five working days.
7. Chrono24
Chrono24 is a well-established luxury watch marketplace that has been around since 2003. Chrono24 describes itself as, “The world’s leading watch market.“
You can list your Rolex watch for sale on the marketplace. All you need to do is select the watch you want to sell and their listing assistant will automatically fill in the most important features. Also, you’ll be able to add photos and a description.
Chrono24 has over 9 million buyers searching for their dream watches. Therefore, your listing will reach millions of buyers. If you make a sale, you’ll get paid within seven days of the buyer confirming receipt of the watch.
It’s free to list your items on the marketplace. However, they charge a commission fee of 6.5%.
8. eBay
eBay is one of the best places to sell luxury items like Rolex watches. It has millions of buyers worldwide. That makes it one of the best places to sell used products.
You can create a listing to sell your Rolex watch. It’s free to create up to 250 listings a month. However, they charge 10-15% of the final value.
eBay allows you to set your price. Therefore, you can include commission and shipping fees with your listing.
You’ll get paid via bank transfer within 1-3 business days. Moreover, you can auction your precious Rolex watch on eBay.
9. The Diamond Vallet
The Diamond Vallet is another place that buys diamonds, watches, and fine jewelry. You can sell your pre-owned Rolex watches to The Diamond Vallet.
It works similarly to other marketplaces that buy luxury watches. Complete an online form with your watch information. You must provide photos of your watch so they can quote a price. If you accept the offer, send your timepiece to them.
Once they receive your watch, it’ll be inspected thoroughly. You’ll get paid via check, wire transfer, PayPal, or Venmo.
10. Crown & Caliber
Crown & Caliber claims to give the best price and service when you sell your Rolex to them. They make the process easy and stress-free.
To get started, fill out an online form with details of your watch. They’ll give you an offer within three business days. If you accept the offer, you can ship your item. The company will provide pre-insured FedEx labels.
After receiving your watch, watchmakers will inspect and authenticate it. This may take up to three business days. After the inspection, they’ll send your payment via check or in-store credit.
However, they have made changes to their buying process. Most brands/models will receive an offer for store credit to use towards another purchase on Crown & Caliber.
Where To Sell Rolex Nearby
As you can see, there are many places to sell Rolex online. However, you can sell your Rolex watches nearby. The benefit of selling watches locally is payment on the spot.
Here are some of the best places to sell Rolex watches nearby.
11. WatchGuys
WatchGuys is a licensed dealer with an impressive track record of over 40 years in the industry. You can sell your Rolex watch online or locally. It offer the most competitive prices and guaranteed same-day
payment.
WatchGuys buys all Rolex models for immediate payment. The best thing about this place is that it buys Rolex watches whether they’re in working condition or not.
You can visit its storefront in Los Angeles to sell your valuable timepiece. The storefront is open Monday through Friday. Also, you can make an appointment by calling (213) 302-4400.
Follow the below steps to sell your Rolex watch online:
- Complete an online form with basic and watch information. You can also include photos to get a quote in 30 minutes.
- If you accept the offer, mail your watch using an insured free prepaid FedEx label.
- Rolex experts will inspect your watch to confirm its condition matches your description.
- You’ll be paid immediately upon accepting the offer. You can choose from same-day bank wire or a company check.
12. Local Jewelry Stores
Jewelry stores are often considered as buying and selling gold and diamonds. However, some local jewelry stores buy valuable watches like Rolex.
You can visit your local jewelry stores to inquire whether they buy Rolex watches. You may be able to sell broken Rolex watches to jewelry stores.
13. Pawnshops
You can visit your local pawnshops to sell your Rolex watch. The only problem with pawnshops is that they don’t pay well. It’s because they want to make a profit.
If you want cash on the spot, you can consider pawnshops.
14. Local Consignment Stores
Some local consignment stores specialize in watches. You can consider selling your watches through consignment stores.
All you need to do is bring your watch to the consignment store. After that, your watch will be displayed in the store for sale. Once your item sells, you’ll get paid. However, the consignment store will deduct a commission.
FAQs
Where can I find the reference number of my watch?
You can find the reference number of your watch in the paperwork. You can check the papers, warranty card, and case for the reference number. If you don’t have access to papers, check the watch case. Some brands engrave the reference number on the case.
What is the minimum and maximum amount of money I can get?
The value of your Rolex watch is determined by a few factors, such as condition, rarity, age, accessories (including box and papers), and the current selling value on the secondary market.
Should I have my Rolex serviced before selling it?
A well-maintained watch can fetch a higher price in the secondary market. If your watch needs repair, please do it before selling.
What documentation do I need to sell my Rolex?
You can provide documentation like the original purchase receipt, warranty card, box, and papers to establish the watch’s authenticity and provenance. It increases the value and credibility of your watch in the eyes of potential buyers. However, marketplaces don’t require you to provide documentation for selling.
Conclusion
As you can see, there are many places to sell Rolex watches online and locally. All you need to do is choose the convenient way to sell your precious watch.
One of the best things about owning a Rolex watch is that it tends to keep its value over time. It means you can sell it for more than you bought or at least the same price. Also, Rolex watches secondary market is huge.
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