How to Sell Your Rolex: What to Expect From Quote to Payment

Video Transcript

If you've typed sell my Rolex into Google, you've probably seen a hundred companies promising top dollar. I'm Paul Alteri and I founded Bob's Watches over 25 years ago. In that time, we've bought more than a 100,000 Rolex watches. And in the next 5 minutes, I'm going to show you exactly how to sell a Rolex. First question everyone asks is, "What's my Rolex worth?" Well, here's the honest answer. It depends on about four things. The reference number being the first, the condition, whether you have the original box and papers, and what the market is actually doing today. Here's something though that most people don't know. [music] At bobswatches.com, we publish our actual buy prices, what we'll pay for thousands of Rolex references, updated to live market conditions, not a range, not a call for a quote, the real number. Think of us like the Kelly Blue Book of used Rolex watches. No other buyer in the world does that. So, where should you sell? You really got four basic options: eBay or Chrono24. You might get a decent price, but you'll wait weeks, pay fees, manage returns, and deal with the chargebacks and scams that come along with that. Craigslist or a local meetup? Well, let me just say, don't meet a stranger in a parking lot or at Starbucks with a 15 or $20,000 watch, your local jeweler. They're fine people, but most only see a few Rolexes a month. They price in that uncertainty and you pay for it. Or a direct buyer like Bob's Watches. You get a firm offer the same business day and we cover fully insured FedEx shipping both ways. So once you've approved the final offer, payment can go out sometimes the same day. No fees, no waiting for a buyer, no obligation. If you don't like the number, we ship the watch back on us. Here's the process start] to finish. Step one, go to bobwatches.com, click sell my Rolex, and fill out the quote form. Add a photo, and you'll get a faster, more accurate quote. We respond usually the same business day. Step two, if you like the preliminary estimate, we'll email you a prepaid, fully insured FedEx label. Your watch is covered from your doorstep to ours. Step three, our watch makers will inspect the authenticity, the movement, the condition, and then we'll give you a final firm offer. You approve it and payment is wired the same day. Most sellers go from I'm curious to money in their bank in under a week. Let me address though the thing that nobody in the industry likes to talk about. Why a final offer can differ from the original quote. Your first quote assumes the watch is in pristine, excellent sale ready condition. However, when it arrives, it may need work. Say a crystal replacement that cost us $100 at wholesale. We deduct exactly $100, not a penny more. We don't treat servicing as a profit center. And every watch we sell has already been inspected, serviced, and restored before it reaches a buyer. That's the standard your watch gets held to and it's why our offers hold up. And one more thing that matters when you're shipping a valuable watch to a stranger. We're a state licensed secondhand dealer in California. Rolex is a five figure asset and the platforms make selling one look easier than it really is. Whoever you sell to, make sure the money is real before the watch leaves your hands and make sure they're a legitimate buyer. Beyond that, three quick tips. Find your box of papers. An original warranty card can add 10% or more. And don't polish or fix it. Original condition always beats that amateur refinish every time. Know your reference number engraved between the lugs at 12:00 and then look it up on our pricing table before you talk to any buyer, including us. An informed seller always gets a better deal every time. But selling a Rolex shouldn't feel risky and it shouldn't be a mystery. Since 1999, our whole business has been built on one idea. Be the good guys. Be honest and be transparent. If you're ready or even just curious what your watch is worth today, the link is in the description. Bobwatches.com/sell-rolex-watch. Look up your reference, get a free quote, and you'll have a real number the same business day. I'm Paul Altieri. Thanks for watching.

Ready to sell your timepiece? To get a fast quote, visit our Sell Rolex watches page