Does A Rolex Watch Hold Value?
Are you someone who is looking to obtain the best luxury watches but are unsure what to expect? When making big investments like these, you always want to use caution and due diligence. This will ensure that the watch you obtain brings you the best value.
At Diamond Source NYC, we understand how crucial it is to find a reliable and durable luxury watch. That's why it's important to consider every aspect of a watch to ensure that it fits your needs.
Today, we'll discuss a few ways to determine which Rolex watches hold their value.
What Is The Brand Of The Watch?
The brand of a luxury watch plays a key role in determining its value. Because Rolex has a long and prominent history of producing top-class watches, they usually have a high resale value.
There are also other watch brands shown below that have historically held their value pretty well.
- Audemars Piguet
- Patek Philippe
- Ulysse Nardin
Even if the vintage brand isn't one you're familiar with, it doesn't mean that they don't hold value. To find out the value of luxury watches, bring them to one of our reputable jewelers for evaluation. We'll give your watch the best thorough assessment that helps determine its value.
What Are The Model And Serial Numbers Of The Watch?
The model and serial numbers also help assess the value of a luxury watch. You can find the model numbers at the watch lug where the 12 o'clock sign is. It's also at the point where the bracelet and case meet. The model number is important as it informs us of the year, material, and movement of most luxury watches.
Serial numbers are typically on the case at the same spot as the model number. The only exception to that is when it's at the 6 o'clock sign. What the serial number does is that it verifies the validity and authenticity of a watch.
Both numbers together go a long way in helping you find out the exact worth of your luxury watches.
What Materials Is The Watch Made Out Of?
The materials of which the watch components are made play a pivotal role in determining the price of a watch. When it comes to the watch bracelet, those with platinum are known as the highest value. Other bracelet materials that also have top value are gold and stainless steel.
Bezels can also have gold and platinum materials. They also can range in materials from titanium to ceramic, which all have different values.
Watch dials also can range in different types of materials. Dials that contain diamonds usually tend to have the most value. That's why it's important to pay close attention to the watch materials.
Does The Watch Come With A Box And Papers?
Another factor to keep in mind is if the watch comes with the original box and authentication papers. While they're not necessary for watch owners to sell their luxury watches, these two items will increase value.
For those seeking to buy a Rolex watch, they prefer those that come with original boxes. They also rather go with a watch that comes with that important piece of paper. In most cases, buyers are willing to pay more if these two items are present.
A box provides buyers with a way to store their watch, while the paper helps validate it. When seeking luxury watches, make sure they come with original boxing and an authentication paper. You'll be glad you did, as it'll help ensure a positive return on your investment.
What Condition Is The Watch In?
The overall condition of luxury watches is one of the top factors in determining value. It's normal when a vintage watch has some wear and tear in them. Buyers look at the functions and usefulness of watch parts when evaluating the worth of luxury watches.
Here are the top aspects to consider when checking the exact condition of a watch.
Does The Watch Have A Tropical Dial?
In the past, sun-faded orange or brown dials of a vintage Rolex watch were once undesirable. Today, they've become one of the most sought luxury watches. Since modern watches don't have sun fades, you can only find tropical dials on watches made before the 1980s.
Such conditions make these kinds of Rolex watches a rare and costly find.
Does The Watch Come With Its Original Parts?
Many believe that if they upgrade their old watch with new parts, it will enhance its value. That is a false assumption. These watches may still be valuable, but they won't be as much as those with original parts.
On the contrary, watch collectors absolutely love vintage parts with original parts. The value of your watch will increase if it has its original bezel and dial.
Is The Watch Movement In Top Condition?
It is always important to check up on the condition of the watch movement. Even though Rolex watches are built to last, some owners may not have taken proper care of them.
There are times when a watch owner did not screw the crown back into the watch. This can result in dust and particles entering in. It may even result in the wearing down of the watch's movement.
That's why you need to make sure that the watch movement is in the best condition. This helps ensure that you gain the best value for any watch you consider.
Does The Watch Have Any Defects Or Damages Present?
You always want to check for any signs of damage to luxury watches. This can negatively affect the value, if it's something significant. Here are some signs to keep an eye on that may indicate watch damage.
- Missing or broken hands
- Water damage on or inside the watch
- Damage to dial markers or crystals
As for defects, they tend to be rare, especially for a top, reputable player like Rolex. If you come across a defect like a misprint on your dial, then that's something to pay attention to.
When choosing among luxury watches, always make sure that they're free of any defects or damages. This will help lead you to obtain a watch that works effectively and provides you with great worth.
Do Rolex watches increase in value? Because Rolex has a long and prominent history of producing top-class watches, they usually have a high resale value.
Choose Luxury Watches That Provide You With Top Value
As you seek luxury watches, it's always important to perform extensive research. At Diamond Source NYC, we know a thing or two about vintage Rolex watches. No matter your preferences, we stand ready to help you find a watch that is of top quality.
To learn more about our selection of luxury watches, get in touch with us today. You'll be glad you did when you obtain a watch that provides you with the best value.