You spent a long time choosing your watch.
You secretly can’t wait for people to ask about it.
You know every detail and spec.
But do you know what it’s worth?
To know the difference between what you paid for your watch and the present-day value of your watch requires an appraisal. It gives you more than bragging rights. You receive important documentation for heirs, insurance companies, and future buyers.
Appraisal for valuation
The main reason you’ll want to get an appraisal is for independent valuation. The appraiser looks at factors like the brand, model, and rarity. As a professional, your appraiser will be able to examine the watch’s condition. This will also play a factor in assessing its value.
Appraisal for insurance
Another key reason for appraisal is for your insurance company. While some homeowner’s policies may cover jewelry and watches, many do not. Once you have a complete appraisal, ask your insurance agent if your watch is covered. If it isn’t, you can ask for an additional rider on your plan, or purchase a valuable articles policy such as one provided by Hodinkee Insurance.
Appraisal for heirs
Many watches are handed down in an estate. A watch appraisal will help give a complete picture of the net worth of your estate, as well as provide important information to your heirs. As years go on, some watches become more and more valuable as they become rarer.
Appraisal for sale
Every watch enthusiast is aware of the rich after-market. Your watch likely has a strong resale value, but the only way you can know for sure is to get a professional appraisal. If you want to attract astute buyers, having this important paperwork is a must.
Watch appraisals are both easy and an important part of your investment in a quality timepiece. Bring yours to our store and we’ll be happy to help you find the value of your watch.
