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





73 due diligence questions.


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Condition

  1. Has the watch ever been fixed up or polished?
  2. Has the watch stood still for longer periods of time (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. In case 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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About the Seller

  1. Is it the first time seller is selling a luxury watch?
  2. How knowledgeable is the seller about luxury watches and buying and selling in general?
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Service and service history

  1. Have the watch ever been in for service?
  2. What will it cost to have the watch serviced?
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When buying from an online marketplace

  1. How old is the seller's profile?
  2. Does the marketplace offer buyers protection in case the watch is fake?
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Questions to ask yourself

  1. Will the watch hold its value?
  2. If you were to sell it again, how popular would this particular model be?
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The transaction

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

  1. Have the watch ever been resized?
  2. How long has the watch been for sale?
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