The 5 Most Affordable Rolex Watches - Chrono24 Magazine How Much Is a Rolex Really Worth? Theyre hard to track down, so finding one is exciting, especially in this price range. While the standard model may come with a massive waiting list, there are a few vintage models available on the market today. Theyll mostly be cased in steel, and more often than not, these watches will be a bit more on the compact side (often 34-36mm case diameters). },{ The best way to find out how much your Rolex is worth is trying to buy that exact reference from a dealer or private seller. "thumbnailUrl": "https://www.bobswatches.com/images/managed/How_Much_Rolex_Is.jpg", The Rolex Market Index is an indicator of the financial performance of Rolex watches on the secondhand market. As a result, it is impossible to say how much a Rolex is, but they are certain to cost premium prices. The Rolex Sky-Dweller is part of the Oyster Perpetual family but comes in an innovative, classic design. While you may have heard about the massive waiting lists for a new Rolex, there are different waiting times for various models. This means that you can also consider a vintage model. The market conditions also play a role in determining the value of a fake Rolex. Here's a quick overview of each model, along with its price in 2023. While the rare models can be more expensive, a decent vintage can start around $5,000 today. "name": "Why are Rolex so expensive? },{ Your options significantly expand to include those with larger case sizes (39+mm), and occasionally youll see two-tone models in the running, in addition to those with stainless steel cases. 3. However, the GMT Master II built on that success and added even more functionality. How to Find Out How Much a Rolex Watch Is Worth Heres a quick overview of each model from our retail price list, along with its price in 2023. It's the same story with the likes of the Daytona and GMT-Master II. Because while the retail prices for Rolex watches have risen around 18% in the past two years, the preowned market has become much more inviting to collectors and enthusiasts who don't want to pay retail prices or sit on the waiting list of their local dealer. A good-quality vintage model can cost anywhere from $4,000 plus today. This is one of the most frequently asked questions in the watch business. It wasnt until a couple years ago Rolex introduced a stainless steel reference to the collection making them easier to obtain, considering price. Markets never sleep, and neither does Bloomberg. "@type": "Answer", "acceptedAnswer": { Because the Rolex Daytona collection is produced in such limited quantities, these watches are worth up to 200% on the pre-owned market for the stainless steel references. In this way, you can protect your assets against economic factors such as inflation. }, A watch that is well-maintained and in good working order will be worth more than a watch that is damaged or in need of repair. When Rolex announced its certified pre-owned watch program last December, one big question on collectors' minds was how much this authentication would affect prices. The most expensive Rolex ever sold was the Paul Newman Daytona at auction for $17.8 million. Just dont expect to get one on a popular model. "@type": "FAQPage", This is because buying a Rolex is more of an investment than an expense. ", And comparing the Rolex MSRP 2023 price to a pre-owned timepiece will give you a varied answers. In fact, vintage watches often fetch much higher price tags than a second-hand watch from the modern generation. How Director James Cameron Makes and Spends His Millions - Insider The Rolex Datejust is one of the most popular Rolex models today. This was because the initial watch was built to help pilots keep track of multiple time zones at the same time. As mentioned earlier, the Oyster Perpetual was the first waterproof watch from Rolex. The obvious conclusion: a Rolex is much more than the sum of its parts. Every Rolex is made by hand and is comprised of high-quality materials. Asking if Rolex watches are worth it is a somewhat loaded question. "uploadDate": "2019-09-26", Whether you are interested in selling a vintage Rolex Submariner, a contemporary Datejust, or a Day-Date President with a diamond dial, the first step you will take in the process of selling your Rolex is determining its fair market value. Below we have listed the most popular reference for each Rolex collection accompanied by the reference number. "name": "Is a Rolex Worth the Investment? That isnt a small amount of money but in the world of luxury watches that price point is almost common. The Rolex Explorer II is an icon - especially with that polar white dial. The Rolex Watch Collection | Rolex Live market coverage co-anchored from Hong Kong and New York. Much like the price of a car, the price of a Rolex watch can vary widely. This 2017 ref. This unique model broke boundaries for the company and is partially responsible for the success of the brand. Say, for example, that you have an otherwise standard market Rolex Datejust. "text": "Rolex is an incredibly popular brand that is always in high demand. This means that each watch comes with intrinsic value thats independent of the brand itself. Launched back in 1953, the Rolex Submariner watch was the first divers' watch to reach a depth of 330 feet. We even have a handy Rolex serial number guide (with dates) to help you out even further. "acceptedAnswer": { So, if you are thinking of investing in one of the finest watches that Switzerland has to offer by buying a Rolex, there are a lot of things to consider. Many people view luxury watches as the best alternative investment you can make. 2 Eaton Gate, London, SW1W 9BJ,United Kingdom. This was the brand's highest value over the displayed period, and an increase of roughly 400 million. The Rolex Milgauss comes with a suggested retail price of $9,300 today. These details can set it apart and raise the price. "acceptedAnswer": { ", "acceptedAnswer": { This made it the most expensive Rolex ever sold. The Rolex Sea Dweller is a more robust Submariner. It's important to point out that the Rolex price range is quite varied and the elements that go into determining the price can be extensive. },{ Some might even be a bit confusing to newer collectors. But, there are exceptions to the rule - provenance and rarity. The modern Submariner built on that success and is waterproof to a depth of around 1,000 feet today. only sells pre-owned watches and provides its own warranties on the watches it It wasnt a year ago that OPs were the only stainless steel watch youd see in a case but thats changed. Some models also come with precious stones such as emeralds and diamonds, further increasing their inherent value. The original design was crafted in collaboration with Pan Am Airlines. },{ Here are some of the most frequently asked questions about buying a Rolex. "duration": "PT4M18S", "text": "Rolex is not just famous for its name; it’s also incredibly popular because of its quality. Either used or new, it is considered an entry-level watch, if there were really such a thing with a Rolex, and there are a few other basic models too. When this unique, vintage timepiece was sold at auction, it managed to fetch a massive price tag. Discover the Rolex collection, offering a wide range of prestigious, high-precision timepieces, from Professional to Classic models to suit any wrist. Both are durable, and robust with a sporty design." An exceptional example of the kind of modern Rolex you can buy in this pre-owned price range is this Sky-Dweller ref. With that being said, a Rolex Datejust will cost anywhere in between $7,700 and $15,500. Nationally Renowned Rolex Watch Buyers. This bold and unique Rolex Submariner 116610LN is one of the most popular watches, and by entering this price point you can own it for $13,795. You'll then be able to find your Rolex production year, model number and submit the information for a quote to purchase your pre-owned Rolex. The Rolex GMT Master quickly became iconic due to the fact that you could keep track of two time zones at the same time. If you have a Rolex watch you would like to sell or value, please get in touch with us. } This is because new models start at $11,500 and come with a waiting list that's a few months long. Case material is the biggest determinant when it comes to the pricing of the watches within the Rolex Yacht Master collection. Diamond Banc is a national leader, as a Rolex Buyer. Even if you never have worn the watch, the price you can command on the secondhand market prices will drop. The standard Rolex price is anywhere between $5,000 and $12,000, with some of the more elusive models costing as much as $50,000! } How Much Is A Rolex: Rolex 2023 Pricing Guide - Wrist Advisor Plus, it really has this hybrid look that combines the modern Oyster Perpetual and an Explorer in the best possible way. Precision and quality are now higher than ever, but. ", However, the production process is what adds incredible amounts of value to every watch. One Rolex watch the Paul Newman Daytona sold at a 2017 auction for $17.8 million. Factors that affect pricing are materials, new movements, collection popularity, and complications. Having the original box and papers that accompanied the retail purchase of your Rolex can help boost value. Bloomberg Daybreak Asia. These models have been around for a while, with the Oyster Perpetual dating back decades. When it comes to luxury brands, many people question how much it's actually worth. When Cameron and his family moved to New Zealand full-time, he put his Malibu compound up for sale for $25 million. How much is a rolex watch worth? In simple terms, the watch’s most significant selling point was its durability. Our team is ready to assist with all of your watch needs. Pre-owned Datejust 36 116200 Price: Starting at $6,895. In this range, you can get your hands on a beautiful standard Submariner 16610, featuring a stainless steel case and bracelet as well as a black bezel and matching face. Often seen as the true emblem of the brand, the Submariner remains in great demand due to its unrivaled build quality and classic design. It is available in multiple options with a wide price range. 2023 Rolex Watches: Discover What Rolex Released This Year, 2023 Rolex Watches Rolex New 2023 Releases During the time of year that the watch world unveils their new models, Rolex releases are often considered, New Breitling Watches 2023 New 2023 Breitling Watch Releases Over the last few years Breitling has been on a remarkable comeback and once again they, Rolex Submariner Review, Buyers Guide, & Its Popularity Explained. This makes it a more affordable option." "@type": "Question", and/or Oyster Perpetual. While it's true that your watch can lose money over time if you dont take care of it, most Rolex models appreciate in value. The Sky-Dweller starts at a retail price of $15,650. However, the overall demand for the brand is so high that almost every model comes with a waiting list. At Wrist Advisor, we offer honest and unbiased expert watch reviews on popular and interesting watches. Diamond Banc's free Rolex value calculator will help you answer any of these questions. The impressive durability and design of Rolex date back to the original Oyster. sells. But many things will affect how much your Rolex watch is worth. This means that they dont produce nearly as many timepieces as their competitors. "acceptedAnswer": { },{ "@type": "Answer", Bob's However, this is only true in certain market conditions. as well as other partner offers and accept our. The Rolex Explorer and Explorer II are one of the most popular tool watches. 'Antique Roadshow:' Rolex purchased for $345 in 1974 now worth over The Oyster Perpetual has been updated and upgraded over the years. Rolex Value Estimator & Calculator - Diamond Banc April 6, 2023 Visit Our Youtube Channel How Much Is A Rolex: Rolex 2023 Pricing Guide How Much Is A Rolex The cost of a Rolex can range anywhere between $6,500 all the way up to $75,000 MSRP. },{ Plus, you're sure to steal glances sporting this one. . In fact, if you choose the right model and hang on to it long enough, in some instances, the cost of owning a Rolex is negative. Here, you start to not only see the best of the brand's modern offerings but incredible and rare classic vintage collectibles, too. You can certainly get a discount on a new Rolex at an authorized dealer. Rolex produces roughly 1 million watches a year, not enough to satisfy demand. If you want to get your hands on a Rolex Milgauss, you may have to wait a few months for a brand-new one. This iconic Rolex was made famous by presidents around the world, including a number of United States Presidents as well. Simply give us the information you have - you can even attach a photo - from the 'Sell Your Watch' page on our website, and we'll get back to you with a quote. They are hardly ever what the watches actually sell for. This is something you may want to consider when looking at the different Rolex price points. A man brought a Rolex watch he purchased in 1974 for $345.97 to an antiques show to find out its current value. "@type": "Question", So below, we're giving you insight into the methods we use to determine the price of a pre-owned Rolex. The Submariner is such a classic that even though its pushing thirty years, it's looks are totally relevant. "@type": "Answer", },{ This is because buying a Rolex is more of an investment than an expense. "text": "Luxury watches are incredibly expensive, but are they worth the investment? A new webpage should appear. It sports the same looks as its bigger brother but is significantly smaller than the classic 36-mm size. This is because every watch is hand built in the Rolex factory in Switzerland. The Daytona comes with a starting retail price tag of $15,100, but it will take you a while to buy. You can expect to make a 100% profit on this watch if you sell it on the used market. Sign up for notifications from Insider! A Rolex Data Unicorn went for $5,936,906 in Geneva in 2018, and one year earlier, a Rolex Daytona manufactured in . And how to get cash at true market . It can also push the price of a vintage Rolex - which may already be rare - even higher. This is because many famous brands charge a massive fee simply because of the brand. Rolex holds excellent value and represents quality and luxury combined. Rolex watches will cost more or less depending on the following criteria: Precious metals : Yellow gold, white gold, platinum and other precious metals are worth more than stainless steel, making it easier to notice how the materials used in a watch design might affect the value. The answer? However, this also means that getting a discount on a new Rolex is incredibly rare. When it comes to luxury watches, Rolex is a brand that needs no introduction. The model is still quite contemporary. "@type": "Question", The CPO markup does not apply uniformly across all models, however: more popular watches appear to have a lower relative increase than less popular ones. At Bob's, we want to ensure that selling your pre-owned Rolex is a simple, pain-free process." After it all was said and done, Cody was left with 0.13 grams of diamonds, 1.15 grams of silver, and 10.94 grams of gold. Less popular models, like the Date, Datejust, and Air-King have much steeper CPO premiums of around 40%, in part because those models tend to sell at or below their retail prices on the secondary market. His reaction: priceless. Although Rolex watches start around $5,000 and can be sold new anywhere up to $75,000, most watches sold are between $7k-12k. This is because every watch is hand built in the Rolex factory in Switzerland. There are tons of different models to choose from, and they are also more affordable to buy. "@type": "Question", Depending on the reference, a Submariner can be worth up to 100% MSRP on the pre-owned market. "acceptedAnswer": { Rolex Watches: Are They Worth It? Men's Watch Review - Datejust The brand } However, some vintage Rolex watches are still extremely costly. This is a totally classic Submariner that will age gracefully. ", The traditional black face Sub with ceramic bezel has a cult following. "text": "If you don't have your Rolex certificate, check out this video below which will show you how to find the serial number and model number on a Rolex. Pricing of the GMT Master II collection depends on the materials constructed to build the watch. However, as an extremely general guide in 2022, Rolex watches range from 3,000 to over 100,0000. ", This is because the GMT Master II didnt just tell two time zones but actually added a third. All Rolex watches are pricey, and cheap ones are probably fake. } With extremely constrained supplies of new watches and yearslong waitlists for certain models, the CPO program is essentially the only way to buy a Rolex on-demand from an authorized dealer. The Rolex Day Date pricing starts at $38,500 for solid yellow gold references and can go north of $59,900 for platinum references. The Rolex Milgauss was launched back in 1956 and has been significantly upgraded since then. Rolex is not just famous for its name; its also incredibly popular because of its quality. Rolex Certified Pre-Owned Watches Cost 25% More Than Non-Certified If you're looking for an affordable Rolex, there are a few models to consider. We believe in having a totally transparent process, which is why we post both the 'buy' and 'sell' price of our Rolex watches. Another important thing is the watch condition, which is (perhaps obviously) an important factor during the valuation process. But, the prices only go up from there. Both are durable, and robust with a sporty design. However, you should remember that the right watch to the right person will be worth a fair amount all genuine Rolex watches will hold some of their value, too. Air-King. If you are buying outside the UK always make sure your dealer is as reputable as we are. The brand's valuation was more than 6 billion U.S. dollars last year. Unlike other watch brands that produce tens of millions of units every year, Rolex focuses on creating high-quality watches. This makes Rolex one of the most durable, aesthetically pleasing watchbands on the market today. This demand has resulted in massive waiting lists for certain Rolex models. This watch ranges from close to $11,000 to just under $40,000. How much is a rolex worth? The Watch Goat The Sea-Dweller was developed alongside diving professionals from around the world. The other thing to note is that Rolex is made from premium materials such as gold and platinum. "@type": "Answer", "acceptedAnswer": { In other words, the inspection, certification, and two-year warranty not to mention the confidence that it conveys for buyers is worth a 25% premium over the price they would pay a traditional reseller for a similar watch. The Rolex Datejust watch is an iconic luxury timepiece that comes with an automatically changing date function. There are fewer and fewer of these watches on the market, so when you see one you're going to want to snag it. How Much Is My Old Rolex Watch Worth - Timeless Luxury This makes them the perfect option for people starting a luxury watch collection. Whether you are interested in selling a vintage Rolex Submariner, a contemporary Datejust, or a Day-Date President with a diamond dial, the first step you will take in the process of selling your Rolex is determining its fair market value." Rolex is an incredibly popular watchmaker that offers a wide range of models in 2023. "@type": "Question", Additionally, the rarity of a fake Rolex can also affect its value. "@type": "Answer", Rolex Is the World's Most Valuable Watch Brand - Bloomberg While the diamonds are a bit difficult to price, the gold's value is about $465, while the silver is worth around $1.