Buying or selling high-end watches online has often felt like a risk. Here’s how eBay is working to become a marketplace that protects buyers and sellers alike. If you’re searching for “the best place to sell my Rolex,” Busby Antiques and Collectibles will purchase your timepiece in cash.
I’ve been a huge fan of the eBay marketplace for years. As a longtime collector with somewhat obscure taste (Mid 1980s Godaikin Robots are tough to find when picking at estate sales), eBay made tracking down “rare” items quite easy. I use quotes around the word “rare” to emphasize that the concept of rarity, at least in the eyes of collectors, was changed forever with the invention of eBay, bringing the efficient market theory from the stock market to the collectors’ market.
The impact that eBay has had on the antique and collectibles markets’ efficient price discovery cannot be overstated, and it’s often an excellent option for someone searching for the “best place to sell my Rolex.”
How eBay is Improving the Luxury Watch Resale Market
One thing that eBay has always struggled with is trust, especially on the buyers’ end. Many people have heard secondhand stories (not so many firsthand accounts) about people they know who have been defrauded on the platform, either by overstatement of condition, omission of key facts, or outright theft.
While all of these are legitimate issues, eBay has worked hard over the years to try and eliminate outright fraud from the site. A vast majority of the changes they have made have been very buyer-centric and have alienated sellers to a great extent. It has gotten to the point where sellers are more likely to be defrauded on eBay than buyers, in my humble opinion.
That is why I was so incredibly pleased by eBay’s new Watch Authentication program. This is literally the first program they have implemented that seems to have hit all the desired positive results, with none of the negative unintended consequences.
The way it works is simple: We (the antique/collectibles dealer) list the item on eBay as usual. We disassemble the watch back so that we can clearly identify the make, movement caliber, condition, service history, and any other information we can gather. We research everything, so that we can provide an accurate listing and the buyer gets exactly what they are expecting.
But now, the customer doesn’t have to take our word for it; the watch is sent to an eBay authentication center upon being purchased, where eBay’s experts will examine the watch to confirm that 1) the watch is authentic and 2) the watch is functioning as represented in the listing.
Thus far the program appears to be working exceptionally well, at least from our firsthand experiences. To be clear, we are the “Good Guys,” the kind of dealers that disclose everything, give honest accounts of condition and get things right 99.5% of the time. What has changed for us is, now you don’t just have to take our word for it; now, eBay has third-party experts that will provide an extra layer of security to buyers who are leery of spending thousands of dollars on fragile mechanical jewelry.
Looking for the “Best Place to Sell My Rolex?” Call Busby Antiques and Collectibles
The end result is that we are having difficulty keeping Omega and Rolex watches in stock, which is a fantastic problem to have! We buy many brands of luxury watches, but these two brands make up a majority of our purchases.
If you have a luxury timepiece for sale (either an individual piece or a lifelong collection) we would love to make you a cash offer. We also have significant expertise in pocket watches. Call or text me today to set up an appointment, either in our Orlando area (Oviedo) showroom, or at your residence or place of work. Our process is simple and easy, making Busby Antiques and Collectibles the top choice when it comes to the “best place to sell my Rolex.”
Owner/Buyer Busby Estate Liquidations and Realty Services.