Preowned Watch Company

Preowned Watch Company: luxury Swiss watches in Hatton Garden

Preowned Watch Company is a London establishment specialising in pre-owned luxury Swiss watches. Its catalogue brings together pieces from brands such as Rolex, Patek Philippe, Cartier, Audemars Piguet, IWC, Omega and Panerai, with models for both men and women. The company states that all watches in its collection are physically in stock and available for inspection, and that it can also source specific models on request.

Buying, selling and part exchange

As well as selling, the company buys watches and accepts pieces as part payment. Its selling service is presented as a straightforward and professional route for those wishing to part with a watch, whether because they want to upgrade, downsize their collection or simply sell. The company offers a valuation to those considering selling.

Repair and maintenance

The Preowned Watch Company workshop covers everything from routine servicing to full restoration. Among the services detailed on the website are the TLC package, mechanical servicing and cell and reseal. The company presents this work as a way of maintaining the watch's performance and appearance.

Warranty and provenance of the pieces

Pre-owned watches come with a 12-month PWC warranty, according to the company, which is in addition to the manufacturer's warranty where applicable. Unworn pieces are generally covered by the manufacturer's warranty. The watches come from a network of suppliers that the company describes as reputable.

Origins and background

The company was founded in 2013 by Lance Hagan, of Lancelot Jewels. Hagan has more than forty years of experience in the luxury watch trade and, according to the firm itself, has become one of the leading operators in the sector globally, with clients and contacts in London, New York and Shanghai. Lancelot Jewels initially grew through word of mouth and operated mainly with other professionals in the trade, until Preowned Watch Company was created in 2013 to sell directly to the public.

Service by appointment only

The establishment serves customers by appointment only, through individual consultations in the privacy of its Hatton Garden showroom. The company also publishes a monthly newsletter with promotions, new arrivals and website features.

Featured catalogue

Among the pieces shown on the website at the time of analysis are a 2000 Rolex Submariner 14060 with box and papers, a 2026 Rolex Daytona 126506 with box and papers, a 2005 Cartier Tortue 2634 with box and papers, a 1982 Rolex GMT-Master 1675/3 with box and papers, a 2021 Rolex Daytona 116508 with box and papers, a 2011 Richard Mille RM011 FM AK RG with box and papers, a 2018 Audemars Piguet Royal Oak Chronograph 26331ST with box and papers and a 1989 Rolex Daytona 16528 with box and papers.

Location and contact

88-90 Hatton Garden, London EC1N 8PN · Phone: 0800 043 3043 · Email: sales@preownedwatchcompany.co.uk