From time-to-time, we all need some short-term cash to tide us over, and pawnbroking is a great way to free up some extra funds if you hold some valuable assets. Loans against Audemars Piguet watches are becoming increasingly popular, as people are realising how valuable they can be as collateral on the loan. Here’s some more information on what to expect before deciding to pawn or sell your Audemars Piguet watch, and how to ensure you get a fair price.
Getting your Audemars Piguet watch valued
The first step to borrow against Audemars Piguet watches is getting it valued by an experienced fine watch appraiser. Any trusted pawnbroking firm will have certain criteria they follow before providing you with an offer. Bringing yourself up to speed with each of the 4 steps to valuing a watch will allow you to get an idea of the value of your Audemars Piguet watch before you take it to the brokers, to ensure you get a good loan offer.
Though all Audemars Piguet watches are associated with fine quality and expert craftsmanship, certain models are more valuable than others when providing loans against audemars piguet watches. This includes the Tourbillion Chronograph, Royal Oak and Jules Audemars ranges. Do some research beforehand to find out just how rare your watch is and when it was made. If you have a highly desirable model that only saw 10 or 100 produced then you could have a very valuable asset. However, do ensure that it is rare for a good reason, not because it wasn’t a popular watch.
Older watches tend to have an ability to be worth more, simply because there are fewer of them around and their models aren’t being made anymore. Try to ascertain the exact year your watch was made to better understand its value. However, you must weigh the age of your watch against these other criteria, most notably number 3 of this valuation process.
Even if you hold an incredibly rare, and very old Audemars Piguet watch, it won’t be worth very much if it has been kept in a bad condition all these years. When you consider loans against audemars piguet watches, be aware that the condition refers not just to how it looks on the outside, but also on the inside. However, you may be able to get it cleaned up, both inside and out, before getting it valued if you are looking to increase its worth.
One thing that brokers love to see before they lend against Audemars Piguet watches is provenance. This is referring to any paperwork that can verify things like its service history, its authenticity and your ownership of it. Try to dig out any such forms you hold, as well as any official certificates.