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.
The theories run wild from Rolex creating artificial shortages, to the authorized dealers hiding them in vaults. The actual reason for the shortage is the incredibly high demand for Rolex right now. In any given year, Rolex will only manufacture a certain percentage more watches than they did the prior year.
Walk into any authorized Rolex dealer, and you're going to see a lot of Datejusts, Day-Dates, Oyster Perpetuals, perhaps a Milgaus, maybe an Air-King, and usually a fresh batch of Cellini dress watches in a wide range of sizes and colors.
Discontinued Rolex Submariner Watches in 2020With the introduction of the brand new Submariner 41 collection, Rolex has naturally discontinued the previous Submariner Date 11661x and Submariner 114060 models.
It costs around $800 to service a Rolex.
First released in 1963, the Daytona is not only the archetypal racing watch, but remains arguably the single most sought-after timepiece in the world. Seriously, waiting lists for new Daytonas are incredible for the gold versions, impossible for the steel.
- The INITIAL cost of a Rolex is SLIGHTLY Cheaper in Switzerland than in Scandinavia. - The VAT refund in Scandinavian countries is BY FAR more generous than that of Switzerland's, resulting in Scandinavia being "CHEAPER than Switzerland to purchase a NEW 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.
Rolex has gone so far as removing the term 'waitlist' from their authorized dealer's vocabulary. Patek Philippe is similar, also abolishing the term. Rolex and Patek Philippe have been very clear; they have no plans to increase the production of stainless steel sports models (read HERE, HERE, HERE, and HERE).
The 10 ways you can beat the Rolex waiting list include
- Dress smart when visiting the Rolex authorised dealer.
- Be personable and nice with the Rolex authorised dealer.
- Build a genuine relationship with the Rolex authorised dealer.
- Be knowledgable about Rolex.
- Go into the Rolex authorised dealer wearing a Rolex.
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.
Prices at a Glance: Rolex Submariner No Date
| Reference | Price (approx.) |
|---|
| 14060 | 10,500 USD |
| 5513 | 14,000 USD |
| 6204 | 14,000 USD |
| 5512 | 29,500 USD |
Rolex ADs have lists, but they aren't waiting lists. For less desirable models like the Milgauss or Oyster Perpetual, ADs may indeed have a real waiting list because they genuinely just don't have the model on hand and they don't really have any hoops to get you through to sell you one.
The Rolex Submariner 116610LV, better known as the 'Hulk' thanks to its green dial and bezel, is being discontinued by the Swiss horological titan in 2020 – and the aftermarket has already gone bananas.
Rolex is rooted in conspicuous consumption, to buy and wear expensive things for others to see. Rolex watches have, unfortunately become pretentious watches for pretentious people.
Lower Price: Buy more Submariner for your MoneyThe first and most obvious reason why you should buy a used Rolex Submariner is because of the lower price. For a buyer of a pre-owned watch, this means you pay much less than the retail pricing and can get more watch for your money.
If the Rolex speaking to you does not have box and papers, it should not be a deal-breaker as long as it is guaranteed authentic, feels good on the wrist, and accentuates your lifestyle.
First of all, the Rolex Hulk is one of Rolex's most popular watches ever. So, that automatically makes it a good investment. Those who were lucky enough to buy one new would have more than a 100% return on investment now.
Rolex's Use Of 904L Stainless Steel904L stainless steel is not only expensive but also hard to make. It takes special skills and extra work to manufacture this steel type. Hence, most watchmakers continue to rely on the 316L steel. As a result, Rolex is probably the only watch company to use 904L steel.
Not only are Rolex watches high value but their value can also increase, making them a great investment. However the value of a Rolex can vary depending on supply and demand. For example Rolexes that are in good condition or are considered rare will be of a higher value than those that are not.
- Rolex Submariner. The Rolex Submariner is one of the best Rolex watches to buy.
- Rolex Daytona.
- Rolex Sky-Dweller.
- Rolex GMT Master II.
- Rolex Day-Date 40.
- Rolex Sea-Dweller.
- Rolex Datejust 41.
- Rolex Yacht-Master II.
These are the Top Rolex Models You Should be Investing In
- Why Investing in Luxury Watches is a Great Idea.
- Rolex Submariner Date ("Hulk"), Ref. 116610LV.
- Rolex Cosmograph Daytona, Ref. 116500LN.
- Rolex Explorer II, Ref. 216570.
- Rolex GMT-Master II Pepsi & Batman, Ref. 126710BLRO and 116710BLNR.
The Paul Newman Daytona is the single most expensive Rolex ever sold. It was purchased for $17.8 million during an auction in October 2017.
“'Supply is always our biggest constraining factor. But we are seeing a bigger impact on demand than on supply. Under this analysis, as Rolex reanimates production, increased supply will meet diminished demand. The shortage of Rolex watches at your local authorized dealer will disappear.
These watches tend to hold greater value because as they reach a certain age, there are just less of them still in existence (let alone in collector-worthy condition).
Rolex is producing watches at maximum capacityIn other words, Rolex cannot keep up with the current surge in demand, and therefore, there is a shortage.
Buying a Rolex watch is now easier than ever, but shopping online does not always guarantee its authenticity or quality. Thus, researching reputable, authorized Rolex dealers that specialize in the online buying or selling of Rolex watches, such as Bob's Watches of Newport Beach, California, are key.
You can now bid on Rolex watches on 'the stock market of things' StockX If you've ever wanted to monitor the market for Rolex watches like a stock ticker, we have good news. The prices are then listed over time so that users can be sure they're getting a good deal.
Not only does Rolex manufacture much of its materials in-house, but they also use many expensive materials for their watches. This of course naturally increases the price. For many watches, Rolex uses things like 18K gold, diamonds, mother of pearl, and other expensive materials.
There are plenty more watches that will take you a long time to acquire new from Rolex. The regular Submariner (non-green ref 116610) is expected to need 1 to 3 years on a list, while the no-date version (ref 114060), much admired by connoisseurs, will probably take longer - 2 years and up.
- Step 1: Ask Yourself Three Key Questions. The Rolex Daytona paired with a suit.
- Step 2: Choose New, Pre-Owned or Vintage.
- Step 3: Choose Your Watch Details.
- Step 4: Choose the Right Model of Rolex.
- Step 5: Do Your Research, But Don't Go Down the Rabbit Hole.
- Step 6: Go to a Physical Store.
- Step 7: Buy from a Reputable Dealer.
