Do Pre-Owned Rolex Watches Hold Their Value?
Rolex is a classic luxury watch brand that doesn’t depreciate over time. Indeed, some vintage models hold their value even with previous ownership.
Whether you’re a collector looking to invest in a pre-owned Rolex watch or curious how much your vintage timepiece might be worth, it can be handy to understand the value.
In this article, we will cover the pre-owned Rolex models that hold value well. For more information, you can check out our site, Precision Watches, today. We can help you appraise the watch, verify authenticity, and determine the genuine worth of your timeless timepiece.
But for a quick overview, read on to get an idea of the valuable models.
Which Pre-Owned Rolex Models Hold Their Value?
Depending on the design and year, some Rolex watches do not depreciate over time. In fact, some of them appreciate value over time. Here are a few models that are really worth it.
The Submariner watch was first released in 1953 and designed for use by scuba divers. And before you ask, yes, there are scuba divers who actually wear the Submariner, often as a backup for the dive computer.
Features of the Submariner
The Submariner can withstand water depths of up to 1,000 feet. Additionally, this watch uses indices that glow in place of numbers on the face of the watch. The design allows the diver to have an easier time reading their watch while underwater.
This Rolex also has a unidirectional rotatable bezel, allowing divers to time their dives and decompression.
The GMT-Master II
Rolex designed this wristwatch to suit the needs of pilots, as it can display multiple different time zones all at the same time. Indeed, its multi-time function is in the name itself: Greenwich Mean Time (GMT) Master. A cousin of the iconic GMT-Master, the GMT-Master II originally came out in 1983, and in 2018, Rolex came out with their most recent rendition of this watch, the 12671x family.
Features of the GMT-Master II
This watch allows the wearer to have three different time zones displayed on the face. Additionally, it is waterproof for up to 330 feet and also shows the date of the month.
The Day-Date was first developed in 1956 and given the name Day-Date because it was the first watch to display both the day of the week and the date. In 2000, Rolex came out with what is currently known as the 118xxx series Day-Date, which it continues to sell today.
Features of the Day-Date
The Day-Date is best known for its day and date display, in addition to being waterproof. Additionally, the Day-Date also has a self-winding chronometer and can be purchased in yellow gold, white gold, and platinum.
The Cosmograph Daytona
The Cosmograph Daytona watch was introduced in 1963, originally under the name Le Mans. However, shortly after the release of this piece, it was renamed the Cosmograph Daytona. Rolex designed this watch for professional race car drivers, hence the nod towards the Daytona Speedway in Daytona, Florida.
Features of the Cosmograph Daytona
This watch is best known for its tachymetric scale. This feature allows race car drivers to time themselves easily.
The timing function is possible thanks to the clever use of a tachymetric scale that reads average speeds over a specific distance through elapsed time.
Additionally, the Cosmograph Daytona watch also has a steel and black dial system which allows drivers to map out the track time with an accuracy of within an eighth of a second.
Frequently Asked Questions
The models described above are not the only pre-owned Rolex watches that might appreciate—they are just the ones with the highest market value even with previous ownership. Here is what you need to know if you’re considering investing in one:
Why Do Pre-Owned Rolex Watches Hold Their Value So Well?
One of the many reasons Rolex watches hold their value so well is because they have proven themselves to be a top brand in the watch community. The quality for each piece they make far exceeds many other brands. Additionally, the art and beauty of these pieces make them akin to traditional high-end art and its subsequent value.
Is a Pre-Owned Rolex Watch a Good Investment?
A pre-owned Rolex watch is like a piece of art. If it is well maintained, there is the potential for a substantial increase in value which makes them an excellent investment option.
Rolex watches hold their value, and with some models, their value appreciates exponentially. Suppose you own or come across a Submariner, the Cosmograph Daytona, the Day-Date, or GMT-Master II (just to name a few). In that case, it’s an excellent opportunity whether you are the seller or a collector.
If you’re ready to sell a pre-owned luxury Rolex, contact Precision Watches today.