The luxury item market is booming, thanks to the growing popularity of online auctions. That said, letting go of your precious items requires you take a few necessary steps to ensure you earn top dollar:
Get your jewelry appraised: If you’re selling jewelry, it’s always wise to get your items appraised before you sell. This will help you understand the true value of your jewelry, which can fluctuate up and down. You may find your item is worth more or less than you think, which may cause you to change your mind about selling.
Gemological reports are a good option, too: A gemological report will let you know everything there is to know about your precious gem, with a grading and carat weight, color, clarity, and internal characteristics. These reports are option used as a component in the appraisal process, too.
Get your luxury watched serviced: If you don’t have a certificate of authenticity but want to prove your watch is real, take it to an authorized repairperson, not to a dealer. Watch dealers will not provide authenticity, but repairpersons will be able to tell if a watch is authentic or not (and likely won’t service a watch that isn’t authentic.) Keep any records of the inspection, service or repair.
Provide documentation on sports memorabilia: Sports memorabilia is among the easiest type of luxury item to forge or fake, making it imperative to have a certificate of authenticity. Submit your items to the Professional Sports Authenticator (PSA) and get them certified to earn the most money on your collectible.
Temper your expectations: Remember, you’re selling items that are ultimately worth only as much as someone is willing to pay for them. Be realistic, and know that you might not always get the appraised or expected value you were hoping for.
Stick with these tips and sell your item with confidence!