How To Buy Pre Owned Rolex Watches
More and more consumers and watch enthusiasts are turning to the secondary luxury watch market to find pre owned Rolex watches. The prices of pre-owned watches are determined by the actual market value of the watch. On the contrary, brand new watches are priced based on what the manufacturers think consumers should pay for. This means that the prices of watches in the secondary market can go higher or lower than the suggested retail prices of brand new watches. For someone looking to Buy Pre Owned Rolex Watches, the process can be quite tricky. Below is a short guide on how to navigate the secondary Rolex watch market.
Gold and platinum watches
Many factors can affect the prices of a Rolex watch in the secondary market. One of these factors is the metal used in making the watch. A Rolex Oyster made with gold and platinum, for example, is generally more expensive because gold and platinum are considered precious metals. So if you are looking for Rolex watches made with these metals, you need to be ready to make a significant investment. Still, you can get a better deal buying second-hand gold or platinum watches than brand new ones. So it’s worthwhile to look into the secondary if you are looking for a Rolex watch.
Vintage and discontinued watches
There are instances, however, when stainless steel watches are worth more than gold or platinum ones. This happens when the watch in question is a vintage or discontinued model. In general, discontinued and vintage Rolex watches are more expensive than current models because of their rarity. In the watch industry, vintage means watches that are at least 30 years old. The law of supply and demand is in work here. Vintage and discontinued watches are more in-demand because collectors are after these watches, therefore driving their prices up. This means that a vintage stainless steel watch can cost more than a relatively newer gold or platinum watch. So if the watch you’re looking for is considered rare already, it will most likely come with a hefty price tag.
Parts can also affect the price
In the used Rolex market, watches with original parts are deemed more valuable than those with parts made by third-party manufacturers. Rolex watches with original parts can be likened to cars with stock parts that are more sought-after by collectors. Even if a Rolex watch is in less-than-good condition, but with all original parts intact, it can still fetch a handsome price. It is the goal of many collectors to own a watch that is as close to the original as possible, regardless of condition.
Beware of counterfeits
Last but not least, you should beware of counterfeits. You must buy pre owned Rolex watches from a reputable seller like Womble Watch, to avoid being scammed. If you don’t know how to spot a fake Rolex, then you need to get someone who can check the watch for you before you buy it.
Buying pre owned Rolex watches can be tricky, especially if it’s your first time. The above tips can make it a safe and easy endeavor.