Do Pawnshops Buy Watches?

Do Pawnshops Buy Watches?
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Posted in: Pawn Loan, Watches

Pawnshops are often associated with coins and bullion, in addition to gold and diamond jewelry. But luxury watches are another category that pawnshops like Beverly Loan Company buy, sell and lend against daily. Fine watchmakers like Rolex, Audemars Piguet and Patek Philippe set impeccably high standards for design and style and continue to make top-selling references that dominate the market each year. As a result, watches by these brands hold their value incredibly well on the secondary market. Pawnshops can be a fast and secure way to buy or take a loan against a watch, but also to sell one outright.

What makes a watch valuable?

Heritage, craftsmanship and rarity together affect the value of a watch. Luxury watchmakers have innovated and perfected watch movements and design. Most of these watches have specialized movements and features, including tourbillon escapements, minute repeaters, chronographs and dual time zone capabilities. Additionally, high-end watch brands spent decades (sometimes centuries) perfecting their in-house movements and have even supplied other high-end retailers with their movements. The superb workmanship of these watches guarantees that they will last for generations, and collectors are willing to pay the price.

Selling a Watch

If you decide to sell your luxury watch, it’s important that you work with a reputable company that has proven expertise in valuing and authenticating luxury timepieces. Beverly Loan Company is a leading buyer and collateral lender that specializes in luxury and rare timepieces, with no limit to the amount for which they can purchase. The process of selling a watch is fast, simple, and always completely confidential. The experts at Beverly Loan Company will evaluate your watch in minutes, and your transaction will always be conducted with your personal privacy in mind, and with impeccable attention to detail. Estimates are based on today’s current market and the condition of your timepiece. Remember that value is added to your watch when you have relevant documentation (papers) and the original box. Whether you’re looking for a loan or to sell, the process is always expedited when you have these extra items.

The most popular Watch Models

While every luxury watch has considerable value, some models command a higher price on the secondary market than others. Some of the most in-demand styles include the Rolex Daytona, Patek Philippe Nautilus and Audemars Piguet Royal Oak Offshore.

If you are looking to sell or take a loan against your watch for immediate cash, look no further. Family-owned and now in its third generation, you can trust the friendly and professional team to provide a fair and accurate offer. Call 310-275-2555 to speak with a loan officer or submit an inquiry at today!


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