Is it okay to buy pre-owned Rolex?

The first and most obvious advantage to buying a pre-owned Rolex, rather than a brand new one, is the price you will pay. Compared to many other brands, Rolex watches retain a lot of their value even after use. Nevertheless, the price of a pre-owned Rolex will still be significantly cheaper than buying brand new.

Do Rolex watches decrease in value?

A pre-owned Rolex watch, unlike a new one, will not depreciate in value soon after it is purchased. While buying a new Rolex is akin to buying a new car: they will both depreciate in value substantially after they are purchased.

Does Rolex ever lose value?

Yes, Rolex watches are made of hardwearing materials. An unused watch will generally sell for more than a used watch, and visible wear and tear will certainly take some value off your watch. But don’t forget, while it’s important to look after your Rolex, these watches are designed to be worn.

Does Rolex gain value?

Your Rolex price could increase in value over the years. But there is no exact formula to determine if a particular Rolex model will go up or not. Some Rolex watches become more expensive when they acquire vintage status. Others raise in value because they are made in Oystersteel.

What affects the value of a pre-owned Rolex watch?

Other watch brands do not have as strong of a resale value as those of Rolex watches. The most important, and maybe most obvious, factor affecting the value of a pre-owned Rolex watch is the model and serial number. The model number is located at the watch lug at 12 o’clock, right where the case and the bracelet meet.

What are the most valuable Rolex watches?

Each new release from the company is greeted with a near hysteria, and it is still the sports watches that remain the most coveted. The first steel Daytona to be given a Cerachrom ceramic bezel, the ref. 116500LN, instantly became the watch to own when it was launched in 2016.

Where do I find the model number on a Rolex watch?

Model & Serial Number. The most important, and maybe most obvious, factor affecting the value of a pre-owned Rolex watch is the model and serial number. The model number is located at the watch lug at 12 o’clock, right where the case and the bracelet meet.

What is a watch made for?

A watch is made to be worn and enjoyed and is a reflection of your personality and taste. If well looked after, your watch will make it through several generations and obtain the patina of a priceless object – if only for sentimental reasons.