Category: Loans Against Watches

Top 5 Watches that Boast the Highest Resale Value

Top 5 Watches - Highest Resale Value

What are the factors that determine a watch’s resale? Is it a brand’s compelling legacy or craftsmanship? Or does the value depend on the technicalities or inner workings?

Perhaps it depends on the materials, precious metals and the addition of diamonds. Or maybe the price fluctuates according to the number of celebrities or iconic personalities associate with a particular watch. However, the fact is –

A watch’s value is determined considering all the above factors. Watch experts always remain keen-eyed to track each minute change in price. Watches from leading giants like Rolex, Patek Philippe and Omega tend to retain higher resale value in the pre-owned market than others.

Continue reading below to explore the top five watches that hold the best resale value.

Want to get a loan against your watch in London? Get a free competitive loan quote instantly from The Luxury Hut pawnshop in London.

Rolex Daytona

Picture Courtesy: rolex.com

The Daytona is among the most iconic and coveted Rolex collection in the luxury watch industry. In 1963, Rolex introduced the Daytona as Reference 6239. Thanks to the tachymeter bezel, race car drivers could now easily measure their car speed per hour and production rates.

The Daytona Reference 6239 braced the wrists of the iconic racer and actor Paul Newman. However, many people began referring to Reference 6241 as the “Paul Newman” Daytona. This watch was one of the first models to feature exotic dials, and Newman was seen strapping one in a picture.

Today, watch collectors and fans consider this timepiece as the Holy Grail. Some of the Daytona timepieces having the highest resale value also include Reference 16520 and Reference 116506.

Patek Philippe Aquanaut

Picture Courtesy: patek.com

The Patek Philippe Aquanaut made its debut in 1997 and attracted young, sportier collectors. The first Aquanaut model was Reference 5060A featuring a rounded octagonal 35.6mm case. Moreover, the watch could accompany you underwater up to a depth of 120m.

The Aquanaut features a black guilloche dial and saltwater, bacteria and UV-resistant “tropical” strap. However, some popular models with high resale value include Reference 5167A-001/5167A and Reference 4960.

Rolex GMT-Master II

Picture Courtesy: rolex.com

Another iconic collection from Rolex is the GMT-Master II. Rolex designed and produced the GMT-Master to meet the needs of Pan American World Airways. In 1954, the GMT-Master Reference 6542 made its debut as part of Rolex’s professional collection.

Rolex released the GMT-Master Reference 1675 in 1959. Interestingly, it was the first model to have the words “Superlative Chronometer Officially Certified” engraved on the dial. Later in 1983, the Reference 16760 debuted with a rotatable bezel. It tracked the time of a third-time zone.

Some noteworthy GMT-Master II models include the blue-&-red bezel “Pepsi”, black-&-red bezel “Coke”, gold-&-brown “Root Beer” and blue-&-black “Batman”. These are some of the most coveted Rolex models with the highest resale value.

Omega Seamaster 300 Master “Spectre”

Picture Courtesy: omegawatches.com

Omega released the Seamaster 300 “Spectre” to celebrate the brand’s collaboration with the James Bond franchise. This 20th anniversary Seamaster debuted as a limited edition timepiece, pairing the popular Bond NATO strap. The watch also featured a black bi-directional bezel and a “lollipop” seconds hand.

Daniel Crag strapped the Seamaster “Spectre” in the movie Spectre that hit the theatres in 2015. This particular Omega watch is popular and highly coveted among watch collectors and James Bond fans alike.

Rolex Submariner

Picture Courtesy: rolex.com

The iconic Rolex Submariner needs no introduction – another cornerstone collection that elevated the standards of luxury watchmaking. Rolex released two Submariner watches in 1954 – Reference 6204 and Reference 6205. They were the first watches with acclaimed water-resistant ability up to 100m.

Over the years, Rolex has upgraded the collection adding Cyclops lens, bi-metal versions and improving water resistance to 300m. However, Submariner’s appearance in James Bond films has also significantly contributed to the watch’s desirability.

Do you own a Rolex Submariner and want to raise some fast cash? Get in touch with The Luxury Hut pawnshop in London now and secure a loan against your watch right away.

Whether it is a vintage Sub or a contemporary model, you are likely to secure the highest credit amount for your watch. Fill in our online form with all the details of your Rolex watch. We will contact you immediately with a competitive quote.

For any enquiries on how our loan process works, call on 0207 242 9160 now.

Is It Worth Getting a Pawnshop Loan?

pawnshop loan

If you do not have a good credit score required for securing a loan from the bank, but you need access to fast cash, the pawnshop loans would ideally be the best choice for you. You will only need an item of value to secure a loan from a pawnbroker. Moreover, pawnshop loans do not affect your credit score.

pawnshop loan

Get an instant loan against your watch, diamond or gold jewellery from The Luxury Hut pawnbrokers in London. Fill up our online form for a free loan quote immediately. Or call us on 0207 242 9160 to book an appointment at our office in Hatton Garden, London.

How do a pawnshop loan works?

First of all, find an item of value that you can use as collateral for a pawnbroker loan. It can be any luxury watches like a Rolex, Patek Philippe or Cartier, diamond or gold jewellery. Just keep in mind that the item has to be something with good resale value.

Now, bring in the item to your pawnbrokers along with all other relevant things that may add to its value. The pawnbrokers will check your asset and appraise it precisely. They will determine the item’s accurate value, considering all essential factors, including its condition, age, metal and current market price.

You will be made a cash loan offer based on your item’s worth. If you accept it, you will get paid immediately without any obligation. Your pawnbroker will give you a pledge receipt to sign that outlines all details of your collateral loan.

The maximum tenure of a pawn loan is usually six to seven months. However, you are entitled to reclaim your asset anytime within your loan term by paying off the original loan amount and the interest due. You will not have to pay any early retrieval or redemption charges.

Once the contract term ends, you will get notified, and pawnbrokers typically offer 14days cool off time to reclaim your asset. If you do not retrieve your item by the time, the pawnbroker can help you renew the loan, get you a new contract, or put the asset up for sale to recover the debt. However, there is no penalty if you do not pay by the due date.

Thus, get a loan against your Rolex watch today and meet your short-term financial needs. The process is simple, secure and hassle-free. You just need to fill up an online form with details on your watch to begin the process. You will receive a free loan quote shortly via phone or email.

When is a Pawnshop loan a smart move?

Getting a pawn loan would be the best choice, especially in instances, like when:

You want fast cash – If you wish to access money almost instantly, simply walk into a pawnshop with your luxury item and walk out getting cash within minutes.

You have a bad credit score – Banks or any other traditional financial institutions will check your credit score before approving you a loan. However, pawnbrokers make an instant cash loan offer only based on your item’s worth. Your poor credit history will not influence your cash loan amount you are likely to obtain against your asset from your pawnbroker.

You need a small amount of cash – Pawnshops lend money on small luxury items.

If you are looking to raise some fast cash and own an item of value like a luxury watch, diamonds or gold items, get in touch with the trusted pawnbrokers in London at The Luxury Hut. You will receive the highest possible cash loan amount against your item without any obligation or credit check.

How to Get a Loan against your Luxury Watch?

loan against your luxury watch

If you own a luxury watch and are short of cash, a convenient or ideally, the best option to access fast money is securing a loan against your watch.

Watches from elite brands like Rolex and Cartier not only serve as a mere time-telling device but also a symbol of luxury and success that can be passed from one generation to another.

loan against your luxury watch

Today, the retail, auction, pre-owned as well as lending market related to luxury watches are incredibly expanding. People now perceive a luxury watch more as an excellent investment for a lifetime than a time tracking device.

Thus, pawning a luxury timepiece and securing an instant loan against it is merely one of the most common things that watch owners opt for during short-term monetary needs.

And with professional pawnbrokers like at The Luxury Hut in London, getting a loan against watches is more convenient than ever.

The Luxury Hut specialises in offering competitive pawn loan against luxury watches like Rolex, although we also accept other assets like diamond and gold jewellery items as collateral.

However, what is impressive is that the terms of our loan are simple, reasonable, and we lend the highest possible money against a luxury asset pawned with us.

Thus, for who are looking to raise fast money, pawn your watch with The Luxury Hut pawnbrokers in London and unlock its value instantly.

Get a Cash Loan Offer within a Few Hours

With The Luxury Hut, you can pawn your watch online or via appointment.

We have an office based in Hatton Garden, London, where customers can visit with their asset by making an appointment.

However, with a viable online platform, we make the process of pawning more convenient and hassle-free, allowing you to pawn watches from anywhere within the UK.

Thus, to borrow against your high-end luxury watch, follow our quick, secure and straightforward steps given below:

  • Fill up our simple online form with all details about your watch. Make sure to upload a good quality picture of your watch
  • Get a free loan quote immediately
  • Then, send your watch to us via a specialised and secured delivery envelope that we may arrange for you.
  • Or, call on 0207 242 5411 to book an appointment at our office and complete the transaction in person.
  • Receive your final cash loan offer
  • Accept it and get paid within minutes.

From getting a quote, sending your watch to getting paid, the entire process may take as little as two days to complete if you carry out the process online.

However, if you book an appointment and visit our office in person to secure a loan against your watch, the process will ideally take only an hour to complete.

Why Should You Pawn your Watch with The Luxury Hut?

The Luxury Hut pawnbrokers in Hatton Garden, London understand both the emotional and monetary value attached to your luxury timepiece. It might be a family heirloom or a graduation gift.

We, at The Luxury Hut, offer a professional and transparent process to ensure you obtain an accurate value and eventually, the fairest possible amount of cash loan against your watch, based on its current market price.

  • We aim to beat any high-street pawnbroking loan rate.
  • We have fair and transparent loan terms
  • You will obtain the full loan amount
  • No credit checks, no obligation or paperwork involved
  • There are no hidden fees or additional charges
  • Flexible repayment process – no early redemption charges.

Moreover, if you fail to pay back your loan within time, we may either sell your watch or help you to renew the loan, getting you a new contract. It won’t hurt your credit score or history.

Thus, fill up our online form now to get a free quote for a loan against your watch. Alternatively, call us on 0207 242 5411 for an immediate appraisal over the phone. Or book an appointment at our office in Hatton Garden, London, as per your convenience.

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  • 0207 242 9160
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