How to Maintain a Watch for Resale or High-End Lending in Scottsdale

If you need proof that luxury watches are investments, read this Forbes article about David, a US Air Force veteran whose $345 Rolex from 1971 was valued at $700,000 in 2020. To experience even a fraction of that value growth, you don’t need to go as far as rarely wearing your watch as David did; proper care can protect its resale value and potential for high-end lending.

 

Watch Value and Market Trends

Certain brands, such as Rolex, Patek Philippe, and Audemars Piguet, have a reputation for high resale prices and strong demand in the pre-loved luxury market. However, it’s not always about the brand. Factors such as model rarity, limited editions, historical significance, and condition all determine a watch’s market worth.

If you want to maximize the return on your watch, you must remain updated on market trends. Watches that once had modest value can soar in demand if they gain notoriety through auctions or celebrity endorsements. Likewise, trends shift toward vintage models or timepieces from specific regions, and being aware of these movements can help you decide which pieces to hold onto, repair, sell, or turn into revolving credit.

 

Watch Care Tips for Longevity and Value

Keeping your luxury watch in the best possible condition is one of the most important steps to maximizing its value.

 

1. Proper Storage

Keep your watch collection in a clean, dry spot, away from extreme temperatures or humidity. A well-ventilated, dark area is ideal for watches with leather bands, as direct sunlight can cause the material to dry out and crack.

A watch box is the best way to store multiple watches. It offers protection from dust, scratches, and physical damage. You can take a page out of David’s book and keep your high-end watches in a safety deposit box.

 

2. Regular Cleaning and Maintenance

A designer watch requires regular cleaning, but do it gently to avoid damaging delicate parts. For most timepieces, wiping the case with a soft microfiber cloth will remove dirt and smudges. If your watch is water-resistant, you can use water to clean the bracelet, but always be cautious. Avoid harsh chemicals since they can corrode the metal and damage internal components.

Moreover, keep the movement in good condition by winding the watch regularly, even if it’s not in daily use. Routine winding ensures the lubricants inside the watch don’t settle, which could lead to wear over time.

 

3. Battery Care for Quartz Watches

If your quartz watch stops running, don’t leave it in that state. Even a few months of neglect can cause the battery to leak and damage the internal movement. Replace the battery as soon as possible, even if you’re not wearing the piece on most days.

 

4. Professional Servicing

Even the best-made watches need attention, especially if worn frequently. Professional servicing involves cleaning the movement, replacing worn-out parts, lubricating the internal components, and testing all functions.
Keep in mind that professionally maintained watches often retain their resale value better. Many collectors and dealers prefer watches that come with a service record. An authorized or reputable watchmaker’s servicing can also maintain the warranty (if applicable), which boosts a watch’s resale appeal. Conversely, a lack of servicing can signal neglect and lower the watch’s market value.

How often to service a watch depends on the brand and model, but many experts recommend doing so every 3 to 5 years. Always keep the service records, as they can enhance the watch’s credibility when it’s time to sell or use it as collateral for a loan.

 

5. Authenticity and Documentation

A watch’s value is directly tied to its authenticity for both resale and high-end collateral lending. Authenticity certificates, original boxes, and receipts all add value to the watch. In Scottsdale, Arizona, buyers and lenders are more willing to offer top-dollar if a watch comes with its original paperwork. Without proper documentation, even the most desirable timepiece may be viewed with skepticism, reducing its market value.

 

When to Repair or Restore a Luxury Watch

Over time, even luxury watches will require repairs or restoration to maintain their functionality and aesthetic appeal. Avoid compromising your timepiece’s value by leaving complex repairs to a professional.

 

Repairs vs. Restoration

If a watch has a minor issue, like a loose pushpiece, repairing it can preserve its functionality and value. However, if a watch requires a complete overhaul, such as replacing a dial or restoring a worn bracelet, consult a reputable expert. Restoration can decrease the value of a watch, especially if the work requires replacing original components with non-original parts. Therefore, consider whether a full restoration is necessary, as it can sometimes diminish the appeal of vintage or limited-edition watches, which are more valuable in their original state.

 

How to Market Your Watch for Resale or Lending

Scottsdale is home to several watch dealers and luxury goods lenders, many of whom offer high-end loan opportunities against the value of your watch. To secure the highest loan or sale offer, you must market your watch effectively.

 

Professional Appraisal and Condition Reports

Getting a professional appraisal is one of the first steps in marketing a high-end watch for resale or as collateral for lending. An appraiser will assess the watch’s condition, rarity, brand, and market demand, all of which will provide an accurate valuation that you can present to buyers or lenders. A condition report, especially if it highlights that the watch is in excellent condition and well-documented, will further enhance the likelihood of receiving favorable offers.

 

Watch Insurance for Added Protection

Insurance protects your investment by covering theft, damage, or loss during storage, wear, or transport. Insurers evaluate the watch’s value based on its brand, condition, and documentation before offering policies that match its worth.

Having insurance boosts confidence when lending or selling since it adds a layer of financial security. Scottsdale’s high-end watch market often favors insured timepieces for loans or sales.

 

Look for the Right Buyer or Lender

In Scottsdale, luxury watch buyers and collateral lenders have a keen eye for watches with investment potential. Consider partnering with well-established organizations with the expertise to assess your timepiece and give you the best possible offer. Working with a specialized lender also ensures you get the best loan terms.

 

Where to Sell Your Luxury Watch or Get a Loan in Phoenix, AZ

As Scottsdale continues to be a hub for luxury goods and high-end lending, following the above steps will help you sell with high returns or use your designer watch for lending opportunities for years to come. If you need a watch appraiser, buyer, or lender near you, visit Biltmore Loan and Jewelry for all the services you need under one roof. Our quick appraisals can get you the cash you need on the spot.