Selling a Rolex can put cash in hand quickly, while borrowing against it lets...

https://www.beverlyhillsmagazine.com/the-luxury-watch-owners-guide-sell-borrow-or-consign-your-rolex/

Selling a Rolex can put cash in hand quickly, while borrowing against it lets you keep the watch and consigning may give you time to find the right buyer. The trade-offs come down to timing, fees, and how much control you want over the sale