It was pretty surprising to see how the luxury watch industry reacted instantly to the Covid-19 crisis. The leading Swiss giant Rolex saw a dramatic increase in its watch sales amidst the pandemic. And the good news for Rolex watch collectors, fans and owners in 2021 is that the market of vintage Rolex watches is booming.
Rolex is among the most famous luxury watchmakers in the world. All Rolex models have incredibly high demand in the second hand market. However, vintage Rolex watches have a different fan base, and they are indeed the best investment pieces. One of the significant reasons behind it is the principle of demand and supply.
Let’s continue with the principle of demand and supply. The Rolex models that are still in production are easy to get. However, in the case of discontinued models, it naturally becomes quite challenging to get the timepiece.
Rolex produces some models in limited numbers, and their demand is comparatively higher than others. They can be difficult to secure from an authorised dealer. Nonetheless, these timepieces are yet possible to get in comparison to the discontinued ones.
The significant factors that influence the price increase and investment potential of a Rolex watch include –
For example, the Rolex Paul Newman Daytona gained more recognition and desirability after the legendary actor and racer Paul Newman was spotted with one on his wrist. Thus, the watch also became historically significant.
For example, the Rolex “Red” Submariner stand apart from the standard Submariner models. This is because it has the “Submariner” text inscribed in red rather than white as found in the traditional Sub watches.
Another significant factor taken into consideration when it comes to vintage Rolex is the condition. With time, watches get signs of wear and tear (if you wear it regularly). Moreover, they also often break or undergo significant damages. However, in many instances, owners send their watches for repairing and servicing. And often old parts are replaced with new parts.
All these factors influence the value of vintage Rolex watches. However, keep in mind that vintage watch collectors always look for entirely original models – watches with all original parts.
However, due to wear and services, the number of vintage Rolex watches with entirely original parts and in good condition tends to decrease with time. Eventually, they get increasingly difficult to get hold of, and their prices increase as time passes.
Thus, if you buy a vintage Rolex for investment reasons, choosing a model with all original parts is essential. Otherwise, it may have a negative impact resale value of your vintage Rolex.
On the other hand, if you own a Rolex Air-King vintage, a vintage submariner or any vintage Rolex watch, make sure to ascertain its wear and tear before heading out to sell your vintage Rolex.
If you decide to sell your vintage Rolex, make sure to ascertain its wear and tear primarily. Suppose your watch, Rolex Air-King vintage or a vintage Rolex Explorer, retain all its original parts and is in good condition. In that case, it can fetch you a premium from professional Rolex buyers like The Luxury Hut.
A Rolex watch with exchanged parts like bezel and hands and the same timepiece with original parts usually have a significant price difference. This is because of mainly two reasons –
However, the accessories that come with a vintage Rolex timepiece at the time of purchase also affect its value in the second hand market. The accessories include a cardholder or a hand-tag or so. In most instances, owners unwittingly miss or lose these accessories.
Once a watchmaker discontinues a model, it becomes difficult to get the original parts. Thus, getting a vintage Rolex in its original state is challenging. However, they make excellent investments.
It is no secret that Rolex is ideally the most recognised and coveted luxury watch brand in the world. Since its inception, Rolex positioned itself as a watchmaker of reliable luxury watches that continue to appeal ardent watch collectors to date.
While some watch enthusiasts will know brands such as Omega, Breitling or IWC, but almost EVERYONE knows Rolex. For decades, Rolex watches have flaunted wrists of noteworthy individuals including the British racing motorist Sir Malcolm Campbell and also, Sir Winston Churchill.
With a distinctive design, high-end technology and precision, Rolex timepieces also tend to hold a resale value with time. Consequently, many people often decide to sell your Rolex watch in a hard-up situation to potential watch buyers in London or anywhere in the UK and raise the money they need.
Check out the five reasons why watch collectors love Rolex and indeed, tend to get pretty obsessed.
Rolex watches have everything you need in a luxury watch. Of course, it tells the time! But the timepieces are the beautiful creations that combine updated technology and precious elements to maintain accuracy and look gaudy at the same time.
Another significant reason to love the brand is that Rolex excludes unusual complications. For example, the timepieces typically have no tourbillons, minute repeaters, power reserve indicator or not even, alarm function.
The fact is that the brand focuses on what it does the best, and refines the movement, the case and other details in progress. You will hardly find a rotating bezel that ratchets as smooth and clean as the one on the Rolex GMT-Master II or Rolex Submariner.
Rolex created many classic watch models for specific, functional purposes. And, watch lovers, especially vintage Rolex collectors love this notion. For example:
The brand manufactured the Rolex GMT-Master for Pan-Am’s pilots who were encountering a new phenomenon known as jet-lag. The pilots wanted a timepiece that could exhibit time of two time-zones at once. Similarly, the Rolex Submariner was created especially for divers.
The appeal of Rolexes resides in the varying bezels, crown guards, dials and other features. And, these subtle modulations allure the Rolex aficionados. More significantly, the nuances like an ‘exclamation’ dial, a ‘Bart Simpson’ dial or an ‘underline’ dial can boost the value as well as the collectability of a Rolex watch.
With specifically mountain climbers in mind, the brand created the Rolex Explorer, for example, to be exceptionally tough and rugged. Special lubricants were used in the movement that could combat extreme temperature changes between day and night.
An Oyster Perpetual chronometer reference 6084 is one of the immediate forebears of Explorer that accompanied Sir Edmund Hillary and Sherpa Tenzing Norgay during their expedition in 1953 to the peak of Mount Everest. Today, the watch is yet in working condition at the Beyer Watch and Clock Museum, Zurich.
Hans Wilsdorf, the founder of Rolex, set out to prove that wrist watches could withstand the extremes of human activities. And, the enduring quest and passion for perfection by Wilsdorf has prevailed till date. The brand claims that each Rolex watch takes one year to manufacture and more significantly, undergoes rigorous tests at the COSC (Official Swiss Control of Chronometer) before they are launched.
Thus, all Rolex watches hold intrinsic value and indeed, the prices typically increase with time. Many potential Rolex buyers in London or anywhere in the UK often also promise to pay the highest price for pre-owned Rolex watches that are in good working condition. However, there are exceptions.
For example, the value of sport watch models like Rolex Daytona, Rolex Explorer and Rolex Submariner typically tend to increase faster and steadier in comparison to other prevailing classic Rolex timepieces.
For those who are looking for “Where can I sell my Rolex watch“, get in touch with the most trustworthy Rolex watch buyers in London like at The Luxury Hut.
We, at The Luxury Hut, provide our customers with a simple, secure and straightforward way to sell Rolex watches, be it is online or via appointment. Begin the process by filling up our online form (providing all the details of your Rolex watch as much as you can) and receive a professional valuation right away.
Alternatively, you can also call us on 0207 242 9160 to arrange an appointment and visit us at our office in Hatton Garden, London with your luxury watch. Whether it is a Rolex Datejust, Rolex Submariner or any Rolex model, you are likely to acquire a fair and competitive market price when selling your Rolex watch to professional watch buyers at The Luxury Hut.
Related Topic: Top 5 Most Popular Rolex Watch Models
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