Best way to sell a unwanted prize (watch)

moneyspender1981

I was lucky enough to win a Longines watch worth £2500 according to the main jewelery websites.

were still waiting for the watch but after discussions with the other half we have decided we should sell it and use the money to clear a credit card/ or to decorate the house etc.

I'm just not sure where to sell it and and for what price, ebay seems a bit of a nightmare to sell watches and cant see the local pawn shop paying much for them.

I was thinking about £1300 for it,... but to be honest would take less.

any advice apprecaited.

justjohn

second hand shop/jeweler may give you a good price with no hassle

cootuk

I would look for a decent jewellers who also does 2nd hand, or maybe look at UK watch forums for adverts of companies that buy.
Hopefully it will come with full documents as people are naturally suspicious of new items being sold on.
Personally i would avoid Ebay due to possible scams.
There's possibly also specialist auctions.

Enterprise_1701C

How long have you been waiting for the watch? If it is a long time, then maybe you could use that to ask for a cash alternative? Or maybe you could enquire to find out whether that is available anyway?

Takeaway_Addict

Can I see the model number please so I can see what you won you lucky git lol

GabbaGabbaHey

moneyspender1981 wrote: »

I was thinking about £1300 for it,... but to be honest would take less.

Unfortunately modern Longines watches are not especially interesting horologically, and are not in great demand among watch collectors. (I'm not knocking them - I have a couple of Longines Conquests that I quite like - but they are just not especially popular).

My usual rule of thumb for something like this is to sell privately at around 50% of retail (so £1300 is about the right asking price). If you sell to a shop, expect to get around 33% of retail or less.

If it's a ladies watch, I'm afraid that you'd get even less.

Try an ad on Gumtree - and make sure to include good, clear photographs. Also, make sure to include the box, papers, hang tags, etc.

Crowqueen

I would find a specialist jewellery site.

You have to consider where people are prepared to buy things as well.

Personally as a buyer I would not spend £1300 on a generalist site like Gumtree or eBay. I might be persuaded to spend it on Amazon, but more likely I would go to a proper shop or to someone who knows their watches/jewellery.