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If you are looking to sell your luxury watch, take the time to make sure you are getting the most value out of it. There are a number of steps you can take that increase your watch’s worth and desirability. Many things can factor into your luxury watch’s value, many of which are completely in your control.

If you take the steps outlined in this article, you can ensure that you are able to sell your luxury watch for maximum value.

Examine the condition of your watch

One of the most important things to take note of is the condition of your watch. You may have spent a healthy sum of money on a luxury watch, but if you did not properly take care of it, much of its value will be lost.

You must make sure that every aspect of your watch is in good working condition. Examine the band or bracelet for wear and tear it may have accumulated over time. Check the face and bezel for dents, scratches, or fading. Ensure that all the mechanisms are running as intended.

In general, take an inventory of every scratch or marking on your luxury watch when you are intending to sell it. Poor conditions could have long-term effects on the value of your watch.

Make sure you have its accessories and parts

Check if you have everything that came with your watch. Some watches may come with additional parts or accessories that will increase its value when included. It is also important to gather any papers or records associated with your watch that can authenticate it or provide the necessary instructions for usability.

Finally, having the original packaging can vastly improve the value of your watch. Presenting your luxury watch in its original box gives you a better presentation, as well as new-like quality.

Service your watch

It may be a good idea for you to take your watch in to have it serviced before selling it. Having your luxury watch in its best working condition before selling it can boost its value and presentation. However, many luxury watches require expensive servicing, so it is important that you weigh the cost of service against its potential market value. To accomplish this, conduct some research on the differing values between watches of different conditions.

An important thing to take note of when having your watch serviced is the use of replacement parts and accessories. Often times, newer parts are used in watch repairs, which could affect the value. An older watch could lose its allure to potential buyers if it does not have all the original pieces.

Determine which watches hold their value the most

Some luxury watches hold their value better than others. It is important that you understand these differences and how they could affect you. Styles change and fads fall in and out of fashion, all of which could alter the value of your watch. There are also some cases of a luxury watch gaining value over time. You should do a fair amount of research to see where your luxury watch falls on this spectrum.

Determine the brand of your watch and see how that brand holds up over time. Brands such as Rolex, Jaeger-Le Coultre, Patek Philippe, Omega, TAG Heuer, and Breitling rank among the best luxury watches in terms of holding their value.

There are a lot of things to consider when selling your luxury watch. In general, taking great care of your watch and regularly servicing it can go a long way in increasing it’s value. Before deciding to sell your watch, make sure you are doing your due diligence and conducting proper market research. Preparation and an understanding of your watch are key to selling it at its maximum value.