The vintage watch marketplace

Sell your Patek Philippe.

A Patek is the watch people are most afraid to sell badly. Grey Market takes the fear out of it: an independent verifier, the buyer's payment collected and held until the watch passes, an audience that buys Calatravas and Nautiluses by reference, and no seller commission at auction at any price.

Let bidders set the price

7-day auction

You build the listing and pick a start time, and it goes in front of our bidders for seven days. There is no reserve: the highest bid wins. Insured shipping to our verifier comes out of your payout.

Runs for
7 days
Seller fee
$0
Submit for auction
Sell now

Instant offer

We buy your watch outright. You get one firm cash number. If you accept, we pay for insured shipping to our verifier and wire your payment once it clears. Nothing else comes off.

Offer in
24 hrs
Paid by
Wire
Get an offer
Now open

The Exchange

List it at your own price for ID-verified collectors. Answer questions in public, then accept, counter or decline offers.

Seller fee
1.25%
Price set by
You
List on the Exchange

Most submissions reviewed within 1 business day · No fee if we decline · No obligation to accept an offer

Side by side

Where to sell your Patek Philippe, compared.

TopicLet bidders set the price7-day auctionSell nowInstant offerNow openThe Exchange
Who sets the priceBidders do, over seven days, with no reserveWe do, with a firm cash offer, usually within 24 hoursYou do. Buyers can offer; you accept, counter or decline
Seller fee$0
Buyers pay a 7% premium. Your insured shipping is deducted
None
Nothing comes off the offer
1.25%
$25 minimum. Buyers pay 1.25% too
ShippingNext-day insured label to our verifier, deducted from your payoutFree. We pay for the next-day insured label to our verifierPaid by the buyer: a next-day insured label to them, plus the extra leg through our verifier if they add authentication
VerificationAlways, before you are paidAlways, before we pay youOptional. The buyer adds it and pays for it, including the extra shipping leg. Every watch ships on our label, insured
When you’re paidOnce the watch passes verification and the buyer’s 24-hour window closesBy wire, about 1 day after it clearsOnce the buyer’s 24-hour delivery window closes and we confirm the sale
Best forA collectible reference bidders will compete forNo hassle, money this weekA price in mind and time to wait for it

Let bidders set the price

7-day auction

Who sets the price
Bidders do, over seven days, with no reserve
Seller fee
$0
Buyers pay a 7% premium. Your insured shipping is deducted
Shipping
Next-day insured label to our verifier, deducted from your payout
Verification
Always, before you are paid
When you’re paid
Once the watch passes verification and the buyer’s 24-hour window closes
Best for
A collectible reference bidders will compete for

Sell now

Instant offer

Who sets the price
We do, with a firm cash offer, usually within 24 hours
Seller fee
None
Nothing comes off the offer
Shipping
Free. We pay for the next-day insured label to our verifier
Verification
Always, before we pay you
When you’re paid
By wire, about 1 day after it clears
Best for
No hassle, money this week

Now open

The Exchange

Who sets the price
You do. Buyers can offer; you accept, counter or decline
Seller fee
1.25%
$25 minimum. Buyers pay 1.25% too
Shipping
Paid by the buyer: a next-day insured label to them, plus the extra leg through our verifier if they add authentication
Verification
Optional. The buyer adds it and pays for it, including the extra shipping leg. Every watch ships on our label, insured
When you’re paid
Once the buyer’s 24-hour delivery window closes and we confirm the sale
Best for
A price in mind and time to wait for it

Not sure? Ask for the instant offer first. It costs nothing and there is no obligation, so you can compare it with what the auction or the Exchange might bring. The Exchange terms set out offers, shipping and returns in full.

The fee math

What you keep on a $10,000 Patek Philippe.

Traditional dealerTypical wholesale discount, about 20%*
$8,000−$2,000
A leading marketplace6.5% private-seller commission*
$9,350−$650
Grey Market Exchange1.25% seller fee, $25 minimum. Buyer pays shipping
$9,875−$125
Grey Market auctionNo seller commission
$10,000hammer, less insured shipping

The buyer pays on top of the price, not out of it: $10,700 for a $10,000 hammer at auction (7% premium, paid by wire), or $10,125 on the Exchange (1.25% fee). The buyer’s premium guide sets this against the major auction houses.

* The dealer figure is a typical wholesale discount, not a quote from any dealer. The marketplace figure is Chrono24’s published private-seller commission, checked October 3, 2026; that marketplace may charge other fees. Illustration only; your results will vary.

How it works

How each sale runs.

1

Submit

Photos and the basics, in under five minutes. Our team decides whether to take the lot.

2

Set up and draft

Sign the seller agreement, add payout details and verify your ID, then draft the listing and pick a start time, at least four hours out. It goes on the calendar when you submit.

3

7 days of bidding

No reserve: the highest bid wins. Bids in the last 2 minutes extend the clock, so there is no sniping.

4

Buyer pays, you ship

The buyer’s payment is collected and held. Ship to our independent verifier on the next-day insured label within 2 business days.

5

Get paid

Once the watch passes authentication it ships to the buyer. The hammer less your shipping is released when they accept it or their 24-hour delivery window closes.

What collectors want

Patek Philippe references collectors are looking for

Patek Philippe holds value because the buyers are careful, and careful buyers pay for provenance. An Extract from the Archives, an unpolished case and the original certificate can be the difference between a good result and a record one. Our verifier checks the watch, our listing states exactly what comes with it, and the bidders do the rest.

Linked references have a full Patek Philippe reference guide with production years, variants and sold prices. Any Patek Philippe is welcome; these are the ones bidders ask for most.

Price drivers

What moves a Patek Philippe’s price.

Extract from the Archives

Patek will confirm the date of sale, the calibre and the original configuration from the case and movement serials. It is the document bidders most want to see and the cheapest way to add to the hammer.

Case condition

Patek cases are thin and their hallmarks shallow. An unpolished case with crisp hallmarks and sharp lugs is worth materially more than a polished one, and it cannot be undone.

Full set

The original certificate, the box, the hang tag and the service papers. For a modern reference the certificate matters most; for vintage, service history from Patek or a known specialist.

Dial and hands

An untouched enamel or lacquered dial, original hands and the correct signature for the year. Refinished dials are common on vintage Calatravas and are priced accordingly.

Seller FAQ

Questions sellers ask.

Anything else, ask us before you submit.

  • Where are the serial numbers on a Patek Philippe?

    There are two: a case serial inside the caseback and a movement serial on the movement itself. Both appear on the certificate and the Extract. Our Patek serial guide explains the eras each points to; a watchmaker opens the back if you do not have the papers.

  • Should I get an Extract from the Archives before selling?

    It helps, and it is inexpensive relative to the watch, but it takes weeks. If you want to sell sooner, submit now; we can note the request in the listing and the verifier's inspection covers the authentication.

  • How do I sell a Patek Philippe on Grey Market?

    Submit photos and the basics; our team reviews them within a business day. Take the firm offer, or draft the listing and let collectors bid on it for seven days. Ship on the insured label, the verifier confirms the watch, and you are paid once it passes. No seller commission, and nothing to pay if we decline.

  • Can I set a minimum price on a Nautilus or Aquanaut?

    Not at auction: Grey Market auctions run without a reserve, so the highest bid wins. If you have a price you need to hit, list it on the Exchange at your own price, or ask for an instant offer first and decide.

  • What does it cost to sell a watch on Grey Market?

    On an instant offer, nothing: we pay for insured shipping and nothing comes off the offer. On an auction there is no listing fee and no commission; your only cost is insured shipping to our verifier, deducted from your payout, and buyers pay a 7% premium on the hammer. On the Exchange, the seller and the buyer each pay 1.25%, with a $25 minimum, and the buyer pays shipping. There is no fee if we decline a submission.

  • Should I take the instant offer or run the auction?

    The instant offer is a firm cash price, usually within 24 hours, wired about 1 day after the watch clears authentication. The auction takes longer but lets bidders set the price. If you have a number in mind and time to wait, the Exchange lets you list at that price. You can ask for the offer first and decide after.

  • Is there a reserve on auctions?

    No. Auctions run without a reserve, so the highest bid wins. If you have a price you need to hit, list it on the Exchange or take the instant offer.

  • How and when do I get paid?

    Instant offer: we wire your payment about 1 day after the watch clears authentication. Auction: when bidding closes, the buyer's payment is collected and held, and you ship to our verifier within two business days; your proceeds are released once the watch passes verification and the buyer's 24-hour delivery window closes, then your bank’s timing applies. Exchange: once the buyer’s 24-hour delivery window closes and we confirm the sale.

  • Who can sell on the Exchange?

    Any member who has signed the seller agreement, verified their ID and set up payouts. You set the asking price, answer questions in public, and accept, counter or decline binding offers. Grey Market approves the watch once before the post goes live, and you ship within two business days of the buyer paying, on the shipping label we provide. Buyers can add authentication for a fee that covers the extra shipping leg; with it they have 24 hours after delivery to return, and without it the sale is final. Open to every member since October 2026.

  • How do offers work on the Exchange?

    Buyers make binding offers in private, each open for between 1 and 48 hours. You can accept, decline or counter; counters move in set steps, $10 under $1,000 and $100 above. Once you accept, the buyer has 24 hours to pay, and Grey Market holds the payment until the sale completes. You then ship within two business days on the insured label we provide.

  • Is an Exchange sale final?

    It depends on the buyer. If they add authentication, your watch ships to our verifier first, and once it passes they have 24 hours from delivery to accept it or return it. If they do not, the sale is final: they have 24 hours from delivery to report damage or non-receipt, and you are paid after that. The photos you take as you pack are your record of what you sent.

  • Do you take every watch?

    No. Our team reviews every auction submission, and only about one in ten makes it through. Most of the rest are honest watches that are not right for our bidders, priced above the market, or not what the listing says. There is no fee if we decline.

  • What if my watch has no box or papers?

    Submit it anyway. Box and papers add to the price, but most of the best vintage watches lost theirs decades ago. What matters is that the watch is original, which is exactly what verification checks.

  • Do you buy watches outright?

    Yes, through the instant offer. If we want the watch we send a firm price, usually within 24 hours. Accept it, ship it on the insured label we pay for, and we wire your payment once it clears authentication.

By brand

Selling a different watch?

Grey Market is independent and not affiliated with the brands shown. Any collectible watch is welcome. These pages cover what bidders look for in each brand. Not sure what you have? Look up the serial.

Find out what your Patek Philippe is worth.

Get an offer

Free, with no obligation. A firm cash number, usually within 24 hours.

Grey Market LLC, California. See the live auctions, read the seller FAQ or ask us anything.