Is It Time To Let Go?: Selling Your Rolex
For many watch aficionados, selling luxury watches is standard operating procedure. They may buy a watch with the idea of never selling it but more than not most watch collectors move in and out of watches on a regular basis. Often it’s the hunt for the new acquisition means selling a timepiece.
On rare occasion people will buy a luxury watch as an investment. While many fine luxury watches are able to retain a good portion of their initial value, certain premium wrist watches have the potential to appreciate in value over time. Collectors will move in and out luxury watches until they find their “holy grail” that watch they have sought after for years. Selling a watch is part of the game.
Why Would You Sell Your Rolex
As we said above, watch collectors move in and out of watches and selling your Rolex timepiece is often something you do as a collector of fine timepieces. A sale of a watch is often used to fund the purchase of a new model or even a precious vintage watch. In addition, many watch collectors will purchase a watch due to it’s strong resale value. Rolex and Patek Philippe traditionally have the best retention of value. There are many luxury timepieces but these two brands are head and shoulders above the competition when it comes to resale value. Often demand exceed supply when it comes to Rolex watches. Collectors the world over seek Rolex watches and they make up a large share of their watch collection.
The Symbol Of The Crown
Rolex watches are built exceptionally well. Many of their models are iconic like the Submariner and the Daytona. They are synonymous with quality and success. So if you buy a Rolex and decide at some point to sell it, you can be assured of a ready market for your watch. Rolex watch collectors often own many watches over the course of time and these Rolex watches move in and out of their collections. They truly hold their value. Harold Freeman is an Official Rolex Jeweler.