Is it worth selling a Rolex in the pre-owned market?

Anyone interested in the world of watches, luxury watches to be precise, must be aware of the increasingly high demand that Rolex is facing. Honestly, there’s absolutely no reason to be surprised. But a situation where collectors are willing to offer almost double the retail price for a Rolex is intriguing!

First, Rolex timepieces are classics that stand the test of time. Second, the luxury watch brand holds an upper hand over the other watch brands in the market for its meticulous craftsmanship. And third, Rolex has always had a strong reputation in the market regarding value retention. These qualities contribute to the brand’s exceedingly high value in the pre-owned market.

Now, coming to the question: Is it worth selling a Rolex in the secondary market? Of course, yes! The watch buyers are more than interested, if we may say. Rolex cannot keep up with the demand, making it even more valuable and desirable amongst buyers and collectors alike. So, if you own a Rolex (any model), expect to attract a high-flying value when you sell Rolex in London.

This reason makes Rolex a wise investment option as they retain their worth and value very well over the years. So, if you’re planning to sell Rolex, we suggest that you find out a few additional things to claim the best price.

What factors can affect the value of Rolex in the pre-owned market?

1. Having the Original Papers & Box

Did it come to your mind? If not, then this is something you should seriously consider. Before you step out to sell a Rolex watch, check whether or not you have the original Rolex box and papers. Of course, you can sell the watch without it. But having them will certainly add to the overall value.

The papers include any warranties, manuals, documents, and certificates, extra. Even the extra links count!

2. What is the Condition?

Rolex in any form is valuable, but more than often, regular wear and tear can cause minor scratches on your beloved Rolex. Don’t worry, that’s fine! But a Rolex with significant scratches, damage, or defect that makes it difficult to see the time can negatively impact the value.

3. Do you know its Market Value?

A common mistake most sellers make is that they readily accept the value quoted by the watch buyers. Do you know the current market value of your watch? What if people are willing to pay double the price you’ve already settled for?

Hence, to avoid such unlikely scenarios, find out the current market value of your Rolex timepiece. For instance, a Rolex Submariner can attract almost double the original retail price in today's date.

Also Read: Why will your Rolex watch value increase over time?

Other factors that can impact your Rolex’s value

Selling Rolex is a challenging decision, and it is imperative to be fully aware of the things that can help you fetch a fair price.

Movement: A Rolex has three types of movement, namely Quartz, Manual, and Automatic. The first type will have a lower value than the rest.

Material: Materials play an essential role in deciding the value of your Rolex watch. A Rolex with gold will surely have a different value than steel.

Strap/ Bracelet: A Rolex with a gold or steel bracelet will have a higher value than the one with leather. But you can always change the strap while retaining the original buckle to claim a better figure.

Dial’s Glass: As said, any significant damage on the dial that makes it difficult to see the time will decrease the value. So, ensure that the glass of the dial is fine.

What is the Reference & Serial Number?

If you do not know it already, it’s time that you dust off those Rolex papers and find out your Rolex’s reference and serial number. If you don’t have it, check the Reference number at the lug at 12 o’clock, at exactly where the bracelet and the case meet.

Similarly, look at the same spot but opposite at the 6 o’clock position for the serial number. Both the details will help you find out the age, year, movement, and material of your Rolex.

So, go prepared when you sell your Rolex to any reliable watch buyer in London.

CONCLUSION

Once you’ve figured out all the necessary details about your Rolex watch, it’s time that you find a trustworthy watch buyer in the pre-owned market. The market is flooding with counterfeit options. So, conduct proper research before you jump to sell Rolex watches.

Alternatively, contact the experts watch buyers at The Luxury Hut, who, with their 40 years of combined experience, will offer you an instant free quote for your Rolex. If you’re happy, then sell Rolex for ‘ON-SPOT’ Cash!

Also Read: What is the value of your Rolex?