I Want To Buy A Rolex Watch
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In this guide, we are going to break down everything that you need to know in order to buy a Rolex and walk you through the steps of how to make your first purchase. Additionally, we are also going to go over the pros and cons of buying new vs. pre-owned Rolex watches, the different levels of condition you are likely to encounter, how you can find a trusted dealer, and what you should always keep in mind as you go about searching for your dream watch. More than anything else, buying a Rolex should be an enjoyable process, but nothing can ruin the fun more than feeling lost and confused, so here is everything you need to know about how to buy a Rolex.
Rolex was founded way back in 1905 by Hans Wilsdorf and today, the iconic Swiss watch manufacturer is headquartered in Geneva, Switzerland. Rolex watches are now sold in more than 100 different countries and the brand produces approximately a million timepieces per year in addition to sponsoring countless different sports, athletes, cultural projects, and conservation efforts all around the globe.
There are many different reasons why someone would want to buy a Rolex. Some people want a Rolex watch due to their impeccable quality and universal recognition, others buy one as a means to celebrate a specific life event, and some seek out specific models due to their amazing ability to serve as wearable investments.
Many people choose to purchase a Rolex watch as a means of celebrating a significant life event. Whether it is a milestone birthday, a wedding, the birth of a child, or even just achieving your professional goals, a Rolex is always the perfect way to commemorate a special occasion, and it can be worn every single day as a constant reminder of a remarkable time in your life.
Most people buy watches simply because they like them and want to wear them, but luxury timepieces also have an amazing ability to retain their value over the years and Rolex watches are able to retain their value better than almost anything else. Rolex watches can serve as investments that you can wear and enjoy every day, and they can even appreciate in value if given enough time or the right market conditions.
For some buyers, purchasing Rolex watches is just like adding stocks or other assets to their portfolio. These types of buyers may purchase Rolex models due to their value, rarity, and potential future value, rather than due to any reasons related to actually owning or wearing the specific watch. While buying Rolex watches is by no means a plan to get rich quick, it is undeniable that the prices for many of them keep going up each year. We always say that it is most important to buy what you love, but if you are savvy about your purchases, you can make a decent amount of money doing nothing more than owning the right Rolex watches and then letting go of them once prices increase.
Rolex makes an incredibly wide range of models that span everything from classically-styled dress watches, to purpose-built divers that are able to travel to the very deepest parts of the ocean. However, despite this diversity and numerous different models that the brand produces, all Rolex watches fall into one of two categories: either Classic or Professional.
Once you decide to buy a Rolex, the next step will be figuring out which model is right for you. Rolex makes watches for everyone from scuba divers to frequent travelers, and on the pre-owned market, they can cost as little as a few thousand dollars all the way up into the millions.
Once you have a rough idea of what you need out of your watch, the next step is finding out what you like. For example, if you have decided that you need a classic everyday watch that has a date display, the Rolex Datejust is a great place to start your search and there are countless different variations and configurations that span numerous different case sizes, materials, dials, bezels, and bracelets.
At a retail level, Rolex watches are not all that expensive compared to many other luxury brands. The vast majority of Rolex watches cost between $5,000 and $50,000 when purchased brand-new, which is certainly a significant amount of money, but relatively modest compared to some brands, whose least expensive offerings start out at six-figures. Additionally, Rolex retailers are not allowed to jack up the prices of their watches, so the prices that you see online are actually the prices that you will pay. However, whether or not you will actually be able to find a brand-new Rolex watch for sale is a completely different story.
Lastly, a pre-owned watch does not in any way mean that it will be old and beat up. In many instances, you will find completely unworn Rolex watches on the pre-owned market, whose original owners sold them because they knew they could make a significant profit by selling them to a pre-owned dealer. For example, if you are lucky enough to be able to buy a stainless steel Rolex Daytona at retail, you can immediately turn around, sell it, and more than double your money in the process. Additionally, watches can always be restored and repaired, so there are many older models that have lived previous lives that have been fully brought back to their original factory specifications before they get sold on the secondary market.
When it comes to pre-owned Rolex watches, you will find examples in a wide range of different conditions. Some are virtually brand-new and entirely unworn, while others are not running and are essentially fixer-upper project watches. Below is a quick overview of the main types of conditions that you are likely to encounter.
In many instances, the most expensive pre-owned Rolex watches are those that are in the best condition. While the right patina can be desirable on vintage watches, there will always be some collectors who place a strong value on perfect condition pieces. New Old Stock (NOS) watches are essentially brand-new watches that have never been worn or used. You will often come across new old stock examples of modern Rolex watches, but you will also sometimes encounter NOS vintage watches, and it is some of these models that rank among the most expensive Rolex watches in existence.
In order for something to be new old stock, it really has to be entirely unworn and in pristine condition. However, there are many other Rolex watches out there that have been worn, but never abused and that show no signs of wear or damage on them. These Mint Condition watches are going to generally be the second most expensive, and since their condition is contingent on not showing signs of wear, vintage mint condition watches are quite a bit less common than their modern counterparts.
All of the other previously worn watches that have already been polished fall into the greater used category, and it is this Used and Polished section that accounts for the majority of Rolex watches available on the second-hand market. These watches may be free from all marks and scratches, but because they have previously been polished, they are actually worth less than their unpolished counterparts. Again, the difference in value can be more-or-less negligible for modern references, but for collectible vintage models, polishing the watch can significantly detract from its resale value.
Regardless of the condition of the Rolex watch itself, if it is still accompanied by its original Rolex box and warranty card or paperwork, then it will likely be worth more because of it. For modern Rolex watches, having the box and papers might only be worth an extra hundred dollars or so when it comes to resale value. However, for collectible vintage Rolex references, a full set can mean a huge premium simply due to how few owners managed to hang onto the box and papers for multiple decades.
When it comes to having a full kit for a Rolex, the more materials the better. The original box and warranty papers/card are certainly necessary to qualify, but sometimes you will find a watch that still has every single thing that came with it from the dealer, including the original purchase receipt. All of these things help establish provenance, and can also increase overall resale value.
Once you have narrowed down your search and have decided on the specific Rolex model you want, the next step will be to find a reputable pre-owned dealer that has the watch you need. Finding a pre-owned dealer that has the watch you want is one thing, but finding an honest and reputable one is far more important than getting a good price.
This is one area where you never want to cut corners, and you really should only buy your Rolex from a well-known and established dealer that has been in the business for a number of years, and that has many positive reviews. Additionally, you also want to buy from a company that specializes in watches. Some local jewelry stores may sell used Rolex watches at fair prices, but if the people who work there are not watch experts themselves, they may be unintentionally selling you one that has either non-genuine components or needs a significant amount of work.
Once you have the watch in front of you, the next key step is to verify that it is entirely genuine, both inside and out. Since the average Rolex watch is made up of more than a hundred tiny components, it is of the utmost importance that every single one of them is entirely authentic.
Beyond the dial, hands, bezel, and case, it is also important to check the condition of the bracelet. While the bracelet may seem almost like an afterthought, Rolex bracelets can wear and stretch out over the years and replacements can be rather costly, especially when they are made out of solid gold or platinum. For many Rolex watches, their bracelets are an integral part of their iconic appearance, and it is always important to remember to check bracelet condition whenever you are considering the purchase of a Rolex.
While cosmetic condition is certainly important, the mechanical condition of a Rolex is equally crucial to determining whether or not you should purchase it, as this will be what determines the actual performance of the watch. Rolex watches cost a minimum of several hundred dollars to properly service, and if the watch is badly damaged and in need of numerous replacement parts, it is not uncommon to have repair bills exceed a thousand dollars. Without being able to open up the watch and inspect its movement, you can only go by what you can feel and observe, but there are a few things you can check to verify whether or not it is running properly. 59ce067264
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