Pawn Your Richard Mille Watch
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020 7493 0385
Are you thinking of taking a loan on your Richard Mille watch?
If you’re thinking “how do I borrow on my Richard Mille watch in London?”, New Bond Street Pawnbrokers is one of the most awarded pawn shop for Richard Mille watches. Our expert pawnbrokers are specialists in all kinds of fine watches loans like Richard Mille, from the most expensive i.e. Rolex, Patek Phillippe to the less expensive but worthy of lending against.
If you’re based in London, simply make an appointment to visit our appraisal team in Mayfair, who will be able to provide you with an accurate loan valuation for pawning your Richard Mile timepiece. Applying for a loan on your Richard Mille watch at our award-winning London pawn shop is easy:
• Take the Richard Mille watch to our London, Mayfair pawn store
• Allow our Richard Mille pawnbroking experts to place a value on your watch
• Receive a same day loan based on the market value of your Richard Mille watch
• Redeem your Richard Mille watch after your loan has been repaid
Richard Mille is a Swiss luxury watch brand founded in the late ’90s. Its most esteemed models include the Sapphire Split Seconds RM 056 – the very first watch with a case built from sapphire – and the Tourbillon RM 008.
The brand sponsors several notable sportsmen, including tennis player Rafael Nadal, Formula One driver Jenson Button and sprinter Yohan Blake, who wore a Richard Mille watch sporting the national colours of Jamaica during the 2012 Olympic Games.
A Closer Look at Appraising & Financing Your Richard Mille watch
New Bond Street Pawnbrokers is one of the most experienced pawn shops that accept Richard Mille watches. We are based in Mayfair, Central London, and our our service to you has won numerous industry-recognized awards. Borrowing against your Richard Mille watch is easy to arrange:
1. Research & understand your RM watch
First, simply make a note of the type of Richard Mille watch you would like to pawn. The exact model can usually be found on the paperwork that came with the watch, or on the case of the watch itself.
2. Contact us by:
- Calling us on 020 7493 0385 to get a verbal estimate or to make an appointment
- Filling out an enquiry form online
- Visiting us at our Mayfair offices
3. Valuation
Once you have made an application for a loan, our pawnbrokers will proceed with the appraisal of your Richard Mille watch, starting with its true market value at auction houses. This amount can be affected by the following factors:
– The condition of your watch
If your Richard Mille watch is like new, this will give you a higher loan amount than if the watch is damaged, noticeably dirty, or malfunctioning in any way.
– History
Do you have the exact RM timepiece worn by a member of a sporting or sailing team, or by a particularly influential person? If you can prove this, then this can greatly enhance the desirability and therefore the value of your Richard Mille watch at pawn shops. Richard Mille sponsors a lot of sportspersons, so if your timepiece has been previously worn or signed by a notable athlete, this could increase its loan value at pawn shops. Limited edition items like the RM056 could also fetch large amounts at auction, based on their rarity.
– The Model
Do make a note of the exact model of your Richard Mille timepiece before you speak to our pawnbrokers, as the value for particular models fluctuates greatly depending on their availability, and how desirable they are in the market today. For example, the RM 005 can be obtained for as little as £35,000. However, if you have the RM Felipe Massa edition, that could raise the borrowing value greatly. In contrast, the RM 027 sells regularly for upwards of £400,000.
– Paperwork
If you have all the original paperwork, including proof of purchase, service documentation and the certificate of authenticity, bring this along to your appraisal as it could affect the value of the financing offered against your Richard Mile watch.
4. The Contract
Once you are happy with the amount agreed, it’s time to set out the terms and conditions of your loan and the repayments. We want you to be happy, so if you have any concerns about anything regarding the process of pawning your Richard Mille or the credit agreement, just ask and our team will be happy to set your mind at rest.
5. Releasing funds against your Richard Mile watch
We release lending on the spot, following which we take your Richard Mille watch in storage for safekeeping during the duration of your loan. You can shorten this duration by paying your loan back earlier if you wish. We offer complete flexibility so it’s entirely up to you – no early repayment fees, no hidden fees.
If you need any more information on the loan process, please visit our dedicated web page or come visit your London pawnbrokers for Richard Mille watches in Blenheim Street, Central London
Selling vs. Pawning your RM Timepiece
Pawn shops that buy Richard Mille watches often offer a much lower value than the watch is worth – this is because pawnbrokers will need to also make a profit on your timepiece when reselling it. Don’t let the stress of a financial predicament allow you to take less money than your watch is worth.
We understand that not everyone has been through the pawning process before, and we’re always happy to address any concerns you might have. In simple terms, at New Bond Street Pawnbrokers we only lend against Richard Milles watches – you will get about 70% of the market value of your watch, based on auction prices, and get to maintain ownership of your RM timepiece. Not to mention that you can borrow against your Richard Mille over and over again, releasing capital when you need it, without selling your RM watch outright.
To learn more about pawning your watch you can visit our dedicated webpage. Finally, some of the many watch brands we loan against include: A. Lange & Sohne, Breguet, Breitling, Bulgari, Cartier, Chopard, Harry Winston, Hublot, IWC, Jaeger LeCoultre, Omega, Panerai, Piaget, Richard Mille, Roger Dubuis, Tiffany, Ulysse Nardin, Urwerk, Vacheron Constantin, Van Cleef & Arpels, Audemars Piguet, Graff. And if you are looking to pawn your Patek Philippe watch, or to pawn your Rolex watch, then our multi-award winning team can provide a no-obligation valuation, based on auction prices.
*We are authorised and regulated by the Financial Conduct Authority
