Selling your used Rolex can be the perfect solution for those who need cash in a pinch or for anyone looking to upgrade their watch to a more recent model. Before you move forward with selling your Rolex watch, there are a few things you should know.
Is it hard to sell a Rolex?
The secondary market for luxury watches is booming. And that’s great news for anyone ready to sell a Rolex. Rolex is by far the most in-demand, easily recognized watch brand in both the primary and secondary (resale) market. That high demand means that selling your Rolex can be easier than selling another brand.
What is the resale value of a Rolex?
The Resale Stats: On average, Rolex Cosmograph Daytona watches hold a resale value up to 175%, with some Ref. 16520 models having the highest resale value.
Do Rolex watches hold their value?
As a general rule, Rolex sports watches reliably hold or appreciate in value. The most popular sports watches include the Rolex GMT-Master II, the Rolex Daytona, and the Rolex Submariner. … It’s a safe bet to say that Rolex sports watches are likely to increase in value due to them being in such high demand.
Can I sell a Rolex I found?
So to elaborate on the actual question, yes, you can sell your Rolex without the original papers, but almost certainly, you will get less money for it compared to if you would have the original papers. The ideal is of course that you have the box, papers, manual, and other original accessories.
Is now a good time to sell a Rolex?
Due To Superhero Demand, Now May Be the Best Time To Sell Your Rolex Watch. The pre-owned Rolex market is on fire, and the resale value of many Rolex models has never been stronger. … First, Rolex watches have always had strong value retention in comparison to other watch brands.
What happens if you find a Rolex?
Rolex keeps a record of every watch produced. So, if your Rolex watch gets stolen, you can reach out to Rolex with your serial number. If it hits any of their service networks, they will be notified. … Noting your serial number will give you assurance in case anything should happen.
Which Rolex retains most value?
As a general rule, steel Rolex sports watches reliably hold or appreciate in value. This includes, in particular, the GMT-Master II with its famous two-coloured bezel, the Cosmograph Daytona, and the ever-popular Submariner 16610.
Which Rolex keeps best value?
The Submariner frequently pops up as one of the best Rolex to buy. Its role as a cornerstone of the Rolex stable means it enjoys a global reputation as a blue-chip investment, indeed this is one of the best Rolex watches which continue to appreciate in value. So far so good you think – but there’s more.
What is the cheapest Rolex price?
The cheapest Rolex, by 2020 list price, is the Oyster Perpetual. Priced at $5,700, the Oyster Perpetual comes as a time-only model, and is available with a range of dial colors to suit anyone’s palette.
Does Rolex gain value over time?
They are only produced for a limited time and limited quantities, causing most of them to be sought after and extremely difficult to procure. Thus, their value increases over time due to this high demand and the quality of the watch.
How much is a Rolex watch worth at a pawn shop?
One pawn shop website says customers usually get $2,268 for a Rolex. At Diamond Banc, some recent deals we’ve done include $7,000 for this stainless steel Rolex Submariner, $15,000 for a Rolex Daytona Chronograph and $8,500 for a ceramic Rolex Submariner.
Will Rolex ever depreciate?
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.