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We provide professional watch appraisals for all high-end watches. Be it for insurance, selling, or simply wanting to understand what your watch is actually worth, our professional appraisals provide the accuracy and credibility you need.
Our luxury watch appraisal service is available for $150, which includes a professional and comprehensive assessment. It is a professional evaluation that determines the value, condition, and authenticity of a watch, ideal for any watch owner who wants to protect an investment or know exactly what market value their watch has when selling a Rolex or any other luxury watch. Our appraisal process is easy and straightforward:
Each luxury watch appraisal is completed with an official stamp and a watch Certificate of Authenticity, which will detail the crucial information of your watch:
Having a stamped certificate from Toronto Watch Exchange will add credibility to the trusted source for verification when you’re selling or insuring your watch. It is a valuable document that accrues long-term benefits to any watch owner.
Our appraisals are also very highly recognized and accepted by most house insurance companies, making the addition of your luxury watch to the existing policy simple.
A Toronto Watch Exchange certificate fully meets the criteria to get your luxury watch covered against various dangers like theft, damage, or loss. You can easily add your luxury watch into your home insurance once properly documented, knowing you can have the full security on investment made.
In the case of a dispute over ownership, value, or authenticity, having an official appraisal can serve as key documentation. It’s a certified record that provides an expert opinion, helping to resolve any issues. In addition, it offers legal credibility and can be used as evidence in court or in settlement negotiations.
To adequately insure your luxury watch, insurance companies often require a certified appraisal to establish its true value. In the event of loss, theft, or damage, an accurate appraisal can help ensure you receive appropriate compensation. Regular appraisals ensure that your watch’s insured value keeps up with market fluctuations.
With so many counterfeit watches circulating, a professional luxury watch appraisal can provide a certification of authenticity. This also adds value to your watch if you decide to sell or insure it. An appraisal helps verify that all parts of the watch are original and haven’t been replaced with aftermarket components.
1. Visual Inspection
Exterior Condition: The overall exterior condition is checked regarding the watch case, dial, crystal, and bracelet or strap. Any wear, damages, or repairs will be commented on.
Dial and Hands: Careful check of any dial condition, original or altered, and the hands’ condition.
Serial and Model Numbers: They will check the serial and model number to confirm the watch’s authenticity against the records of the manufacturer.
2. Movement Inspection
Movement Check: The appraiser opens up the case back if necessary to take a closer view of the movement. They will know from there what kind of movement, the brand’s hallmark, and telltale signs of service or tampering.
Condition and Functionality: They will see if it’s in good working movement, not worn down too much or corroded, and if it’s mechanical, quartz, or automatic.
Watch Precision: Timing checks will be done to check whether the watch is keeping accurate time or not.
3. Authenticity Check
The appraiser will check if the watch and its parts are original, not replaced with after-market and fake ones.
4. Documentation and Paperwork
The appraiser will check if the original box, papers, and receipts are available. This would add considerably to the value of the watch.
If it is available, they could check past ownership history or even service history of the watch.
5. Analysis of Market Value
Popularity of Brand and Model: The level of demand within a specific brand and model becomes an immediate observation of the appraiser since it drives value.
Rarity: Whether it is a limited edition, rare models, or a vintage watch, these will be considered more valuable. Materials: The presence of precious metals, diamonds, or other materials will be factored in. Current Market Trends: The appraiser will base the estimate on current market prices, auction results, and listings by dealers.
6. Appraisal Report
The appraiser will write a formal report including: Description of the watch, including brand, model, materials, condition, etc. Estimated value Photos of the watch
The purpose of the appraisal (insurance, resale, etc.)
7. Maintenance Recommendations
If needed, the appraiser can also make recommendations concerning cleaning or servicing regarding the maintaining of value on the watch.
Sometimes an appraiser will indeed go ahead to recommend further restoration or repair if beneficial to the value of the watch. Every appraisers’ service might be slightly different, but these are the core components.
Several factors affect a watch’s value:
It is recommended to get a luxury watch appraised every 2 to 5 years. The value of watches can change over time due to market trends, demand, and the condition of the watch. Regular appraisals help ensure you have an accurate value, particularly for insurance or resale purposes.
It’s helpful to bring the original box, purchase receipts, service history, warranty card, and any certificates of authenticity if available. These documents can significantly affect the value of the watch and provide essential information for the appraisal process.
Yes, a professional watch appraisal can positively impact resale value by providing an accurate, certified valuation of your watch. Buyers are more likely to trust a watch that comes with a detailed appraisal report, as it verifies authenticity, condition, and current market value, which helps in negotiations.