Frequently asked questions about buying a pre-owned Rolex watch
To eliminate any doubts you may have, here are a few answers to the most frequently asked questions about purchasing a used Rolex watch. We hope that our tips will help bring you closer to realizing your dream of owning a Rolex, as well as remove any scepticism you may have about the grey market. Take a look to the most popular good looking fake rolex.
How much does a pre-owned Rolex cost?
Prices for second-hand Rolex models are difficult to gauge based on concrete figures, as the price range can be quite wide. Rarely, although every now and then, it is possible to find vintage Rolex models for less than €1,000 – but these usually come with heavy wear. One of the most popular, entry-level Rolex models, the Datejust, is available used for between €4,000 and €5,000, while newer, worn models in popular series are priced between €7,000 and €12,000. From here, there is no upward limit from there for pre-owned Rolex models. From platinum watches like the Day-Date (Ref. 118346) for around €50,000, to rare gold models with sparkling gemstone trim like the Daytona (Ref. 116598RBOW) at just under €230,000, to the chronographs of deceased actors auctioned in the millions, the age of a Rolex says nothing about its value. If these prices seem too high for a second-hand watch, then it must be stated clearly: a Rolex, even in used condition, is rarely a bargain, but rather an investment and consequently has its price. However, this speaks for the stable value of Rolex models.
ROLEX DAYTONA 116598RBOW
How much does the cheapest used Rolex cost?
The logical follow-up to the previous question is about the cheapest Rolex model. This, too, is not that easy to answer. On the used market, the Oyster Precision series among others, stands out as being relatively inexpensive. Oyster Precision models usually come with a case diameter of 34 mm, a steel or leather strap, a hand-wound calibre and occasionally include a date complication. In lesser condition, models in the collection can be found for under €2,000. Remarkably, second-hand prices are still above €1,000 even for Rolex watches that have suffered a lot of damage. At Watchmaster, we currently offer the Oyster Precision for less than €3,000. Alternatively, individual versions of the Oyster Perpetual, the Oyster Perpetual Date and the Lady-Oyster Perpetual can also be found in this price segment. Our advice for enthusiasts: look for early models of the Rolex Oyster, also known as the “Channel Swimmer” thanks to Mercedes Gleitze’s record attempt, which appear on the grey market every now and then for less than €2,000. With watches like the Ref. 2136 or the Ref. 3351, it is possible to get a lot of vintage watch with history for little money!
What is important to consider when buying a second-hand Rolex?
Always pay attention to the watch’s condition and authenticity. Only buy a worn Rolex model if you have a legitimate certificate of authenticity or have had its authenticity verified by an independent concessionaire or jeweller. Since Rolex is the most counterfeited brand in the world, you should never rely solely on the weight and feel of the watch. Moreover, knockoffs are getting better and better, and even experienced watchmakers usually can’t tell at first glance if a Rolex is genuine or fake.
ROLEX EXPLORER II 216570
Is It possible to sell a used Rolex?
Yes, very easily, in fact, because the demand for Rolex watches is constantly growing. The watch manufacturer is unable to meet the ever-growing demand, which is why the trade of second-hand models has boomed. Of course, when selling luxury watches, however, there are a few things that you should definitely keep in mind. To have a successful watch sale the most important things are clearly communicating the condition as well as the contents and terms of delivery of the watch. If you have a watch with all its accessories and have kept it in good condition, there shouldn’t be any issues. Watchmaster can also assist with a sale as an international dealer with years of expertise in buying and selling luxury watches. This way, you can sell your pre-owned Rolex for the highest price within the shortest possible time.
Is it worthwhile to finance pre-owned Rolex watches?
Absolutely! A Rolex is always a meaningful investment that can even exceed the sum of financing in the long run. In that regard, financing a pre-owned Rolex means not only paying off a loan for an exclusive wristwatch, but also accumulating a sum of money that will multiply on its own. That is why selling your watch at Watchmaster can be worthwhile even after years of financing. Simply observe the price trend of the Rolex watch of your choice on the second-hand market over a longer period of time and observe how the value increases.
If you would like to purchase a pre-owned Rolex and are interested in financing, you can learn more about the financing plan available at Watchmaster here.
What are the most popular men’s watches from Rolex?
The most popular used men’s watches from Rolex are the steel sports models. Namely, the Daytona, die Submariner and GMT-Master II series, which have been winning over the hearts of countless men – and women – for decades and have proven to be very stable in value. The only disadvantage of these models is the shockingly long waiting lists. There is virtually no way to avoid buying a used model, which turns out to be more of an advantage when considering the wide variety of models available online. Finding the perfect men’s watch from the Geneva-based manufacturer’s range is actually quite easy.
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