Whether it be an unexpected personal expense or a business opportunity you simply can’t pass up, securing a loan against luxury watches like Rolex, Patek Philippe, Audemars Piguet, Richard Mille, and more can be an excellent way to secure instant cash. A wonderful source is Qollateral, a luxury lending firm specializing in high-value watch loans. Still unsure where to begin? In this quick guide, we’ve compiled everything you need to know before you pawn watches online.
How Does Pawning Watches Online Work?
At Qollateral, the online lending process is 100% safe, with fully insured shipping and a quick turnaround time. To clarify, below is a brief overview of how the process works. Keep in mind that our NYC headquarters also offers in-person collateral loan services.
- Schedule an appointment for a free appraisal.
- Consult remotely with an experienced appraiser: They may request additional photos or details about your watches.
- Send your watches securely to Qollateral: We provide fully-insured, overnight shipping labels.
- Asset evaluation: Our team will evaluate your watches upon arrival.
- Review the loan terms: The loan contract is a simple, easy-to-understand DocuSign form.
- Immediate funding: Virtual customers are paid via check or bank wire.
What Are the Benefits of Pawning a Luxury Watch?
When you pawn a luxury watch at Qollateral, you will enjoy:
- Fast access to cash: High-value loans up to $10 million.
- No credit checks: Your watch secures the loan instead of your creditworthiness.
- Complete confidentiality: Details of the loan are kept strictly between Qollateral and the borrower.
- Safe vault storage: All watches are stored in the International Gem Tower, nestled in the NYC Diamond District. Every watch is fully insured by Lloyd’s of London.
- Higher loan-to-value ratios: We offer our customers the most competitive LTVs in the pre-owned market, between 70% and 80%.
- Retain ownership: The watch will remain yours throughout the loan terms. Repay the loan to pick up your watch.
Note on LTV: The loan-to-value ratio is the amount you can loan against your watch. It is based on a percentage of the asset’s total appraised value.
For example, if your watch appraises for $10,000, Qollateral is prepared to provide funding between 70% and 80% of that value, or $7,000 – $8,000. This percentage is incredibly competitive compared to other lenders with LTVs as low as 60%.
What Types of Watches Can You Pawn?
Qollateral accepts most luxury watch brands, including but not limited to the following:
How Much Do Pawn Shops Pay for Watches?
The answer to that question varies. However, understanding the basics can help you set realistic expectations and secure a fair offer. Reputable lenders like Qollateral will consider every aspect of the watch when determining how much to offer the borrower, from brand prestige and condition to current resale demand.
- Brand/Model: High-demand models like the Rolex Submariner 116610 or Patek Nautilus 5711 command a premium on the secondary market and may secure a higher offer.
- Condition: Scratches, missing original box/papers, service history, or replacement parts affect offers.
- Market Trends: Prices are constantly shifting based on overall demand and rarity.
Below are a few examples of high-demand watches in 2025 and their resale prices according to Watch Charts.
- Rolex Daytona 126500 – is the current production stainless steel Rolex chronograph. Typically, it trades below $30,000, a significant premium over its original $16,000 retail price.
- Patek Philippe Nautilus 5711/1A – is a popular stainless steel model that unfortunately bowed out of production a few years ago. As a high-demand, discontinued Patek, it commands anywhere between $62,000 and $170,000.
- Audemars Piguet 15500ST – has a popular all-steel finish and a 41mm case. Depending on the dial, it usually sells for around $100,000 pre-owned, sometimes even more.
- Richard Mille Felipe Massa RM011 AL CA –the sleek black carbon chronograph model has a strong resale value of approximately $165,000 – $200,000.
Choosing the Best Pawn Shop for Watches
A reputable pawn shop for watches should be in excellent standing on the secondary market and offer assurances such as safe and secure shipping, fair appraisals, and transparent loan terms.
With an unwavering dedication to those values, Qollateral has earned its place as the nation’s premier asset-backed lender.
Pawn Shops That Buy Watches vs. Loan Options
It isn’t uncommon to hear people use the terms “pawn” and “sell” interchangeably. However, when it comes to high-end watches, the distinction between the two is important. That rings particularly true if you want to preserve your watch collection’s long-term value.
- Selling means parting with the watch for good in exchange for a one-time payout. In the end, you do not retain ownership of the watch.
- Pawning is a short-term loan secured by a valuable asset, like a luxury timepiece. Once the loan is repaid, the watch is returned to you in the same condition.
Pawning is a smart way to unlock instant liquidity while retaining ownership of your watch collection. Qollateral wants to help you secure the highest offer as soon as today. Our team is ready to help you get started. Contact us today to book an appointment for a watch loan.
Call or text: 212-287-5257
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