How much money should you have before buying a Rolex?

Clearly, you need to afford one first. As of now, the entry level price for the most basic new Rolex watch is about $5,000, with most pieces people want priced in the $8,000 – $12,000 range. Of course vintage or pre-owned Rolex watches can be less or actually more money.

Do you have to be rich to buy a Rolex?

Rolex watch is a luxury item, which means you don’t really need it. From that point, there isn’t a definition of one being “rich enough” to buy a luxury watch. If you can afford it and want it, go ahead and consider buying one.

How much is the entry level watch at Rolex?

It’s the cheapest of any new entry-level Rolex, starting at around $5,000. The Air-King was first introduced in 1945 as a tribute to the pioneers of flight. Again, I recommend focusing on modern models of Air-Kings. The current reference number is 116900.

Can the average person afford a Rolex?

Let’s just look at a few for now. The truth is, that in theory, almost everyone in this country could afford a Rolex. Anyone who earns an average income can shorten their summer vacation by a week and not have to put too much aside in order to afford a lower priced Rolex.

What is a good first Rolex?

An ideal first Rolex watch would be an all-time classic, like the Submariner or GMT-Master. It will fit most people perfectly, not only in terms of appearance but also in terms of ‘requirements’. These iconic watches will keep good value as well.

Which Rolex is easiest to get?

Entry-Level‌ Rolex Watches: Our 10 Best Picks

• Rolex Air-King Ref. 116900.
• Rolex Explorer Ref. 124273.
• Rolex Datejust Ref. 126331.
• Rolex Sea-Dweller Ref. 126600-0001.
• Rolex Milgauss Ref. 116400GV.
• Rolex Day-Date Ref. 228239.
• Rolex GMT-Master II Ref. 126719BLRO.
• Rolex Submariner Ref. 124060. Case material: Oystersteel.

Is there a buying guide for Rolex?

Our buying guide is intended for both novices and seasoned watch lovers. Part 1 discusses when you should invest in your first Rolex, while Part 2 discusses what specific timepiece to buy. True story: When I first became interested in “nice” watches I had little interest in Rolex.

Why do people pay $5K+ for a Rolex?

This is a complicated and personal question. First, there are many reasons people pay $5,000+ for a Rolex watch, but most people who buy Rolexes are celebrating an occasion, just have a ton of money, or they are truly looking for an iconic timeless well-made watch. For me, it was becoming a partner at my consulting firm.

Are vintage Rolexes worth the money?

Not all vintage Rolexes are super expensive, but they aren’t cheap. You will never find a quality used Rolex for under $2,500 and the starting prices for used Rolex Submariners are in the $5,000+ range. Most Rolexes hold their value extremely well and most also appreciate in value over time. This can’t be said for most watch brands.

How long does it take to build a Rolex watch?

It reportedly takes a full year to build a single Rolex from start to finish and most watches contain hundreds and hundreds of small microscopic parts. Check out this insane video of a Rolex Submariner being taken apart to see what’s inside.