Purchasing a luxury timepiece, like a Rolex watch, is a substantial investment, both emotionally and financially. Therefore , it’s crucial to weigh all your options before taking the plunge. Depending on your requirements and the Rolex model you’re looking for, there are significant advantages to new and used watches; consequently, the question of which is better is both complicated and personal. To help you answer this question, we are going to explore some of the determining factors.
A brief history of Rolex Watches
Interestingly, this Swiss view manufacturer started its life in London in the early 1900s, when it was founded by Hans Wilsdorf and Alfred Davis in 1905. The company changed its name to Rolex three years later and relocated to Geneva, where its head office remain today. Since then, Rolex has remained an adored manufacturer and prolific producer of watches. Today, they produce 2, 000 timepieces a day.
Throughout its century of operation, the Rolex brand has been accountable for numerous innovations in the world of horology , including being the first wristwatch to receive the Swiss Certificate of Chronometric Precision in 1910, producing the first waterproof timepiece in 1926, creating the first watch that could display multiple time zones in 1954, and making the first watch with a command bezel created for multiple uses.
Historical Auction Prices
In addition to Rolex’s numerous improvements, the brand is known for the high quality and the high costs their most exclusive models reach at auction. Actually Rolex occupies three spots on the list of the top ten most expensive watches sold at auction.
The Paul Newman Daytona Ref. 6239 that sold for $17. 753m within 2017 occupies number 3. The Daytona Unicorn Ref. 6265 that sold for $5. 937m in 2018 can be number eight, and amount ten is the Bao Dai Ref. 6062 that proceeded to go for $5. 060m in 2017. Luckily for you, these types of exclusive auctions are not the only method to get your hands on Rolex watches.
The Price of New Versus Pre-Owned Rolex Watches
Whether you’re buying an used or new Rolex view, you will be spending a significant quantity, so let’s get down to brass tacks and talk about the issue of price. Generally speaking, pre-owned Rolex timepieces are significantly cheaper than their brand new counterparts.
This is because, as with most new buys, there is a certain amount of depreciation as soon as you leave the store. For further cash-conscious buyers, this cost drop affords them the opportunity to own their dream view at a price they can pay for. But the topic of devaluation of Rolex watches is, in itself, rather complicated.
What About Depreciation?
Not just are pre-owned Rolex timepieces less expensive to buy, but they furthermore experience a less dramatic depreciation because the greatest drop-off in value generally takes place right after the watch continues to be bought new. However , not every Rolexes experience the same degree of depreciation. If you are thinking about investing in one of these stunning watches, it is worth doing your research in regards to the depreciation rates of the specific model you are interested in before splashing the cash.
Devaluation rates are influenced by many people factors, including the specific model, the materials used, as well as the market demand. If you’re not an expert, these rates can be quite shocking. For instance, you may have thought that Rolex watches made from precious metal would be a safer investment compared to other materials, but full-gold Rolexes can drop by up to forty percent in value. In contrast, stainless-steel Rolexes typically see a depreciation rate of 20%.
When Rolex Watches Increase in Value
Up to now, we’ve talked a lot in regards to the depreciation of Rolex watches; however , it’s worth noting that luxury watches could increase in value over time. Inside the luxury watch market, Rolex timepieces are known for holding their value well, thanks to severe worldwide popularity. Additionally , particular models, specifically the Submariner and the Daytona, frequently appreciate, so investing in a piece like the Submariner 16610 could be an great investment.
Elements that can cause a Rolex to rise in value include if this has a rare reference amount or unique features which can make it highly desirable in order to collectors and enthusiasts. The notable example of this is the red Submariner watches, which function the “Submariner” text across the dial in red, rather than the more common white. Despite the possibility of your Rolex gaining in value, buying a pre-owned watch is generally a more financially audio decision.
Always Research the Seller
Although it might be cheaper to buy a pre-owned Rolex, it also comes with its own challenges. One such challenge is ensuring you purchase your watch from a trusted seller. As with any big purchase, it’s crucial to do your research beforehand since you are much less likely to be taken advantage of if it is clear you know your stuff. Regrettably, there are plenty of counterfeit Rolexes, and a lot of them are notoriously difficult to spot. Take the time to do your research regarding the seller to ensure they are genuine.
Buying a brand new Rolex can be safer. Nonetheless, shopping with a trusted vendor like Luxury of Timepieces gives you greater security plus peace of mind, whether the watch is usually new or pre-owned. Almost all our pre-owned watches come with a certificate of authenticity plus an additional five-year warranty. We all also only accept used watches in excellent condition.
Luxury Watches Built to Last
In addition to producing beautiful timepieces that never go out of style, Rolex is famous for the quality of their watches. From the engineering and production to the design and materials, Rolex watches are built in order to last.
One of the ways Rolex maintains the longevity of their pieces is simply by focusing on improving their existing models rather than regularly introducing entirely new designs towards the market. This is why you will see so many versions of classic Rolex watches and endless variants of their models, such as the Rolex Cosmograph Daytona 116501 as well as the Rolex Paul Newman Daytona 1165808.
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Complexity Versus Simplicity
The particular Daytona models, with their chronographs, stand out among the relatively straightforward watches Rolex typically creates. Historically, Rolex watches are simple three-handed designs, sometimes using a calendar function. This simplicity has allowed Rolex to perfect their own timepieces and tends to result in more durable watches. The more complex the engineering, the more parts there are to break down as time passes.
In recent years, Rolex has begun producing more complicated timepieces, such as the Sky-Dweller, which can at the same time display two different period zones, as well as the day plus month, and boasts Rolex’s first annual calendar, Saros. Thanks to decades spent mastering their engineering and production, these intricate models are built with the utmost expertise.
If properly cared for and serviced regularly, all of Rolex’s timepieces can last a very long time, making them ideal family heirlooms. This means that, while purchasing a new Rolex watch is a substantial financial investment, you will be purchasing something that can stay in your family for generations. It also indicates there’s no reason a pre-owned Rolex can’t last as long as a new model.
The Availability associated with Rolex Watches
As opposed to other second-hand markets, where you might spend months or years waiting for the item you want to come available, the used luxury watch market includes a much more comprehensive range than the new market. This makes purchasing a pre-owned Rolex an even more appealing prospect.
While there is often a waiting list for Rolex’s once sought after watches, particularly the well-known stainless steel varieties, specific versions are notoriously difficult to obtain. Let’s take a look at some of these elusive pieces:
The Sky-Dweller is Rolex’s most complicated watch, but , surprisingly, that will didn’t put it in high demand whenever released in Baselworld 2012. This may be because, initially, it had been only available in gold, along with either a gold bracelet or perhaps a leather strap. However , within 2018, the Rolesor models came onto the picture and became an instant must-have among collectors and fans. This 326934 model with steel case and band has a fluted white precious metal bezel, and sapphire amazingly is the star of the series. The model with the blue dial is the most popular, and, consequently, the most difficult to find.
Rolex Submariner “Hulk” 116610LV
Similarly to the Sky-Dweller, the Submariner “Hulk” did not receive great praise in order to was first introduced to the marketplace in 2010. Although the Submariner is a staple of Rolex’s selection for decades, this version’s shiny green color wasn’t extremely well-received. However , as time went on, interest grew, and it also became one of the hottest timepieces on the market.
Using a daring green ceramic frame and dial, and a scratch-resistant sapphire crystal, this item is set to be a memorable treasured. Over the last year or so, there has been great speculation as to whether Rolex would discontinue the Hulk 116610LV, and it finally happened this year. Inevitably, the price of pre-owned Submariner Hulks is rocketing and shows no indication of stopping anytime soon.
The way these versions have grown in popularity and value emphasizes how difficult the question of new versus used Rolex watches is. In some cases, buying a pre-owned watch will be the only way to get the design you want. However , these cases highlight the fact that certain watches actually increase in value with time, meaning that you could get an offer when buying new.
Sustainability of Your Purchase
In recent years, many luxury watch brands have put a new focus on sustainable manufacturing and investing their considerable wealth into environmental projects. Rolex, for instance, has multiple eco-initiatives, such as Perpetual World, their enhanced partnership with the National Geographic Society that will aims to collect important climate data. However , the fact remains that buying second hand is usually considerably more sustainable, especially when it comes to products like luxury watches that feature diamonds as well as other precious stones. As a result, for your eco-conscious watch enthusiast, purchasing a pre-owned Rolex is an attractive prospect.
Emotion and History
We’ve discussed the practical factors that needs to be considered when deciding whether to buy a new or pre-owned luxury watch. However , we all cannot forget that buying a timepiece is often an psychological experience.
Regardless of whether you’re buying a watch that will you’ve always dreamed of buying, or purchasing a special present for a loved one, purchasing a Rolex watch is incredibly private. For some watch-lovers, chasing after a particular model is a hobby or perhaps a mission, and owning the watch is more important than whether it’s new or even pre-owned. For instance, even if you’re searching for a pre-owned Rolex Submariner 16610 , you may settle for new if it’s all you can discover.
Other horology enthusiasts value the history that comes with a pre-owned or classic watch, a history they become part of as they make the purchase. Additionally, there are the watch aficionados which will pay big bucks to know they are the first person to own a luxury timepiece. For them, there’s something special about owning and wearing a new watch clean out of the box.
Your Pre-Owned Rolex Will Be in Impeccable Condition
Even those who prefer used Rolexes will not accept watches in poor condition. That’s why, at Luxury associated with Watches, we only market pre-owned pieces that are in the flawless state. Our used Rolexes are in such good shape that they could tempt die-hard new watch lovers to test a pre-owned model.
While some vintage view enthusiasts specifically look for a specific level of patina in their used watches, most people in the market for the non-vintage pre-owned Rolex don’t want to see any difference between pre-owned and new variations. With Luxury of Timepieces, they never will.
Investing in a luxury timepiece is a significant financial commitment that has considerable emotional implications. Selecting your Rolex is an individual journey, especially when you consider that will, if you desire, your watch will be with you for the rest of your daily life. With Luxury of Watches, whether you opt for a new or perhaps a pre-owned piece, you’re certain to be satisfied. Time is usually ticking; get your Rolex view today.
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