Is there a market for used watches?
McKinsey estimates that pre-owned watch sales hit $18 billion in 2019, and could top $30 billion by 2025. “The pre-owned watch market is still very much like the Wild West,” said Toby Bateman, CEO of Hodinkee, a popular watch collector site. “There are a lot of watch-selling platforms.
Is Chrono24 a good place to sell?
Chrono24 facilitates the secure and professional sale of thousands of watches every month. Of those, over 2,500 are sold by private sellers. In fact, 90% of watches listed on Chrono24 end up selling. To ensure transactions run smoothly, Chrono24 offers secure payment processing and a free Escrow Service.
Does Chrono24 include taxes?
Because we are collectors and not jewelers, we’re willing to pay more for watches we and sell them at much lower prices. We do not charge sales tax for customers residing in other states. [Shipping Policy] We always provide free overnight shipping to the US.
What are Chrono24 fees?
There is no listing fee to use Chrono24. The account is free and the listing is free. The fee for selling as an individual seller is 6.5% of the total value of the sale. For example, if you sell Rolex Submariner for $10,000, you will pay $650 a selling fee.
Does Chrono24 sell fake watches?
Authenticity. The sale of counterfeit watches is prohibited by Chrono24, though many unscrupulous sellers have been able to get around it.
Can you negotiate price on Chrono24?
If you want to sell one of the most popular models like a Rolex Submariner, you will likely find a buyer on Chrono24 in no time. Don’t rush – you can often negotiate a better price and be more confident in achieving the price you want if you take your time.
Are watches on Chrono24 authentic?
We verify every dealer on our platform, and many of them have been selling watches on Chrono24 for years. The Trusted Seller seal is further evidence of a dealer’s trustworthiness. We immediately suspend any dealer proven to be offering fakes or replicas.
Does Chrono24 charge the buyer a fee?
Once you sell your watch, we charge a modest 6.5% commission fee. As a result, you will make a higher profit selling on Chrono24 than you would if you went to a jeweler or auction house. When is the commission fee due?
Can anyone sell on Chrono24?
Private sellers can list their watch for free on Chrono24. Once you sell your watch, we charge a modest 6.5% commission fee. As a result, you will make a higher profit selling on Chrono24 than you would if you went to a jeweler or auction house.
Are old watches worth money?
Non-working watches. Many think broken watches are worthless, and often they are; but all fine (and even mediocre) men’s watches have value. If you have a non-working fine watch like Omega, Rolex, Patek, Vacheron or Cartier, it is still worth money. Non-working Pateks can be worth as much as $10,000.