Before buying a luxury watch from a private seller

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Questions to ask before buying a luxury watch from a private seller

139 due diligence questions.

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Top 10 questions

  1. What is the brand and model of the watch?
  2. What materials is the watch made of?
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Condition

  1. Has the watch ever been fixed up or polished?
  2. Has the watch stood still for long periods (especially relevant if it's a hand-winding watch)?
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Authenticity

  1. Does the serial number match the serial number of the certificate?

  2. Is the seller willing to provide a written statement that the watch is authentic (if there is doubt)?
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Warranty

  1. Is the watch covered by warranty, and if so, how long does it last?
  2. If the watch is not under full warranty, will the seller cover cost of repair if it breaks within a specified period of time?
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Purchase History

  1. When was the watch purchased?
  2. How many owners have the watch had?
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Service And History

  1. Has the watch ever been in for service?
  2. What will it cost to have the watch serviced?
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About The Seller

  1. How knowledgeable is the seller about luxury watches and buying and selling in general?

  2. Will you receive copies of the seller's ID papers?
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Buying From An Online Marketplace

  1. How old is the seller's profile?
  2. Does the marketplace offer buyers protection?
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Questions To Ask Yourself

  1. What is my budget for this purchase?
  2. What features and functions are important to me in a watch?
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The Transaction

  1. Will there be a transaction receipt (preferably signed by both parties) stating the price, authenticity statement, buyer and seller details, and the serial number of the watch?
  2. Is there anything not included in the extras that come or do not come as part of the transaction?
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Extras

  1. Does the watch come with extra chain links (if applicable)?
  2. Does the watch come with the original certificate?
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