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. Rolex watches are rugged and built with waterproof cases allowing it’s owner to wear the watch 24/7.
Rolex watches are luxury timepieces and as authorized dealers, we are constantly asked “what is the value of my 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 Rolex. Are all the external and internal parts on the timepiece authentic Rolex 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 Rolex watches have been worn hard and will show alot 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 Rolex watch’s value.
Something else that will determine the value of a pre-owned Rolex watch is the model. Overall 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 Rolex GMT Master II, the Rolex Submariner and the Rolex Daytona to name of few. These models hold their value well.
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 Rolex watches in good condition will obviously be worth more than slightly older watches in poorer condition. When 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 Rolex over any other watch brand.
For more information on finding out a Rolex value, please contact one of our expert Rolex associates at 727-586-2577.