For over the past 100 years, Rolex has been a leader in the creation of exceptional mechanical wristwatches. Recognized throughout the world as the most iconic Swiss watch brand in the world. Pre-owned Rolex watches are rugged and built with waterproof cases allowing it’s owner to wear the watch 24/7.
We are constantly asked “what is the value of my pre-owned Rolex watch’? There are numerous factors that go into ascertaining the answer to that question. Value includes the following elements. Authenticity, condition, model, age, market forces and whether it includes a complete set. So, let’s dive into each of these points.
Authenticity means is the watch a genuine pre-owned Rolex. Are all the external and internal parts on the timepiece authentic parts? The external parts would be dial, bezel and bracelet. Internal parts would be watch movement parts. If any parts are not 100% Rolex such as aftermarket parts, the value of the watch will be lessened. Does the watch exhibit the serial number and model number? If the serial number is missing that is a bad sign and will damage the value of a pre-owned Rolex watch.
The second factor is condition. Some pre-owned Rolex watches have been worn hard and will show a lot of wear and tear. A damaged lug, chipped crystal and poorly maintained watch movement or stretched bracelet are some of the things that will decrease a pre-owned Rolex watch’s value.
Something else that will determine the value of a pre-owned Rolex watch is the model. Overall, pre-owned Rolex watches hold their value better than any other brand of watch buy certain models within the Rolex line of watches will be highly sought after and hence, be more valuable. These models would include the GMT Master II, the Submariner and the Daytona to name of few. These models hold their value well.
Pre-owned Rolex watches that come with the original box and original papers are called complete sets. These watches will be of more value because of these factors.
Age can also determine the value of a watch. Newer pre-owned Rolex watches in good condition will obviously be worth more than slightly older watches in poorer condition. When pre-owned Rolex watches reach a certain age they enter the vintage phase. At this stage they can become quite collectable and pursued by collectors and watch aficionados.
Market forces are driven by the worldwide demand for Rolex watches. No other brand is more highly sought after. These forces help drive the value of your Rolex watch.
It’s no wonder people prefer pre-owned Rolex over any other watch brand.
For more information on finding out a Pre-owned Rolex watch value, please contact one of our expert pre-owned Rolex associates at 727-586-2577.