The luxury watch industry in the United States was valued at $4.75 billion in 2024 and is expected to grow to $9.17 billion over the next decade. It’s a strong industry, and Qollateral wants to help you take advantage of it by pawning your high-end watches for the highest offer. Browse our comprehensive guide to learn how to pawn a luxury watch.

???? Call the Qollateral team to schedule a free watch appraisal.

Understanding the Value of Your Watch

How much will you accept for your watch when it comes time to sell it or use it as collateral for a watch loan?  The answer to that question starts by researching how much similar models are selling for and what factors affect watch values. Those might include the following:

• Brand recognition: Some brands command a higher premium on the secondary market.


• Model/Rarity: limited edition, discontinued, popular, or rare models can have higher resale values due to demand alone.


• Condition: Factors such as service history, signs of wear, and all original parts can affect watch value.  For example, it is common for some brands to replace parts during routine service.  Because a vintage watch with all its original parts is rarer, it might be more valuable than one with replacement parts.


• Documentation: The original box, papers, and warranty are valuable because they help authenticate the watch and establish its provenance.

Remember that lenders and pawn shops don’t offer full market value for watches. There are margins they need to meet to run their business. Instead, they provide convenience, a safe transaction, full discretion, and quick access to cash (as soon as the same day in most cases). By visiting a pawn shop, you can avoid the hassle and worry of searching for a safe and reliable buyer on your own. The pawn shop does all the hard work for you. Be realistic about your expectations. You won’t be disappointed by how much Qollateral will pay for your watch.

Preparing Your Watch for Pawning

A watch that looks its best and is in top working order will likely fetch you a higher offer. A jeweler or watchmaker can help you spruce it up, or you can clean it at home using mild soap and warm water. Gathering accessories, boxes, or papers associated with the watch is also helpful. Bring those items with you because they can help you secure a higher offer for your watch during the appraisal.

Researching the Right Pawn Shop

The next step is to find a trustworthy pawn shop that buys luxury watches. Enter Qollateral. We know exactly how much watches are worth and have the resources to help you find the highest offer. We have connections with buyers in NYC and overseas; this allows us to offer our clients more for their valuable timepieces than the competition. Furthermore, we have an excellent reputation among our clients for being fair, honest, and discreet.

How to Pawn a Watch

• Step 1: Schedule an appointment for a complimentary, no-obligation appraisal with a Qollateral watch expert


• Step 2: Receive an offer


• Step 3: Receive immediate funding – cash, check, or bank wire.

The Top Luxury Watch Brands Right Now

Qollateral accepts many of the top high-end watch brands on the secondary market, including:

• Rolex


• Patek Philippe


• Audemars Piguet


• Vacheron Constantin


• Jaeger-LeCoultre 


• Omega


• Cartier


• IWC

FAQs About Pawning Luxury Watches

❓ Do Pawn Shops Buy Watches of All Brands?

???? Not all! Most pawn shops focus on luxury brands with strong resale value, such as Rolex, Omega, Patek Philippe, and Vacheron Constantin. Before beginning the pawning process, it’s best to contact the pawn shop directly to confirm that your watch is an asset they accept.

❓ Can I Pawn a Rolex Watch Without Papers?

???? Yes, most shops will allow you to sell luxury items, like a Rolex watch, without papers. However, we recommend bringing them with you if you have them because they can add value to the watch.

❓ What Happens If I Can’t Repay the Loan?

???? A watch loan works by pledging a watch as security for the loan. What happens when you can’t repay the loan? Qollateral is dedicated to helping our clients find appropriate financial support. That is why we encourage every borrower to consider their ability to repay the full balance before agreeing to the loan terms. Defaulting on the loan will result in losing ownership of the watch.

Why Choose Qollateral?

• ✔ Located in the International Gem Tower – one of NYC’s most secure buildings


• ✔ Fast & discreet – No long applications or credit checks


• ✔ Highest offers on luxury watches


• ✔ Same-day cash payouts

The process is discreet, straightforward, and free of confusing industry jargon. It is also fast, with cash in hand as soon as the same day.

???? Book an appointment to get started!

???? Call/Text: 212-287-5257