is rolex worth it reddit?

Are Rolexes really worth the money?

A Rolex watch can be a worthwhile investment. If you choose the right Rolex model, you can maintain or increase the value of it even though you wear it. Generally, it’s a myth that luxury watches are good investments. … So for some reason, if you ever needed money quickly, you could always sell your Rolex watch quickly.

Is getting a Rolex worth it Reddit?

They don’t go out of style, they don’t get outdated, they’re always worth good money and they’re incredibly well built. They’re so expensive and everywhere because demand is extremely high. Short of Patek and AP, Rolex is the most desirable watch brand on the planet.

Is Rolex a bad investment?

It’s no secret that Rolex watches are expensive. … But what is particularly interesting is that Rolex watches can actually be investments. In fact, the value of some Rolex watches have significantly increased in value, and if you buy the right Rolex watch, it can prove to be a great investment over time.

Are Rolex watches good quality Reddit?

They are very good at this. I think Rolex makes a decent watch, but they’re not that much different from Omega or other large manufacturers. Buy a watch from any of them and it’ll be a good watch.

Do you wear your Rolex everyday?

One of the best things about owning a Rolex watch is wearing it and enjoying it every day. This daily, constant wear is one of the best ways you can care for your watch. While Rolex watches are famous for their durability and robustness, your Rolex will inevitably gain scratches and dings while you wear them.

Do Rolex watches lose their value?

Not on a Rolex. … 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.

Are Rolex overrated Reddit?

They have very little useful value, so does a lot of art, or classic cars. But people who are fascinated with them collect all of the above. Most hobbies are useless, if they weren’t they’d be jobs.

Why does everyone want a Rolex?

Many people buy a Rolex watch to commemorate an event or celebrate a victory or achievement. Another reason people buy Rolex watches is because they hold their value well. … Because Rolex has such a strong brand name, that allows the watches to hold their value better than many other luxury watch brands.

Why should I buy a Rolex?

Choosing to buy a Rolex ensures that you have something capable of providing accurate time for decades. You can expect the appearance to last fort that entire time as well. When you think of how many lesser watches you would buy over the years, the expense of a Rolex suddenly seems much more affordable.

Is Rolex cheaper in Switzerland?

– Switzerland is an expensive country. – Scandinavian countries are expensive countries. – The INITIAL cost of a Rolex is SLIGHTLY Cheaper in Switzerland than in Scandinavia.

Which Rolex retains most value?

The Daytona was largely made popular by actor, director, and race car driver, Paul Newman, who owned and frequently wore Rolex Daytona watches in movies and when racing cars. One of them, the Daytona ref. 6239, ended up being the most expensive watch ever sold – selling at $17.8 million at the Phillips Auction in 2017.

How much does Rolex appreciate?

The price increase varies between the models, but the average price increase the last couple of years has been 5 or so percent. With the consistent price increase of Rolex’s official prices, it will thus also affect the prices of Rolex watches on the second-hand market.