While a Rolex watch can last a lifetime, it still gets old. Many different factors influence the value of a Rolex Datejust , and they should be considered to determine its worth.
The Rolex Datejust is one of the oldest watches that is still produced today. It was developed and launched in 1945 as the featured watch for the company's 40th anniversary. The unveiling took place at the Hotel des Bergues at Rolex's jubilee celebration. That's where the name for the Datejust's bracelet originated – the Jubilee bracelet.Rolex Datejust became a sensation because of its Oyster casing, which was used for the first time in 1926 to become the world's first waterproof watch. There are a variety of Rolex Datejusts available today, all of them are featured in 36 mm. However, Rolex also brought out the Datejust Men's II in 2009 in a 41mm size to cater to those people who felt the original 36mm was too small. Now, the fair market value of a Rolex Datejust may be more or less than the original purchase price of the watch. However, Rolex watches have been increasing in value for the last 100 years. Hence, the resale value of all Rolex watches, especially the Rolex Datejust, has also risen steadily in the previous 100 years.
Essential Things to Consider When Seeking the Best Used Rolex PricesRolex watches can be considered as some of the best investments among all the luxury timepieces. However, not all Rolex watches are worth the same amount of money - especially on the resale market. There is no such thing as a 'low cost' Rolex watch, and even the least expensive models can be worth thousands of dollars. Additionally, since Rolex maintains such a high degree of consistency among their designs year after year, therefore seemingly identical Rolex watches can actually be thousands of dollars apart in resale value. Importantly, the value of the Rolex Datejust has grown by 221% between 1994 and 2016, which means it has tripled. In total, the price increased by almost 4500 USD during this time. Over the last decade, the average growth has been 250 USD or 4.6% per year. Overall, the growth can be considered as above-average. The recent price increase in 2016 amounted to 400 USD. The price development implicates a definite gain in the value of the Rolex Datejust. Furthermore, the market achieved a comparable growth-rate to the Rolex Datejust over the last ten years. However, the Datejust's growth has increased again during the last three years. This can be because the Rolex Datejust has been one of the most popular watches out there. A second-hand Rolex Datejust's value today equals to twice the official sales price from back in 1994. If we calculate the discounted rate over the last 22 years, the average annual gain in value amounts to 3.3%. The cost of a new watch falls to its market value after purchase. The retail sales price usually includes a relatively high retailer margin, which represents a markup to the market value of a watch. By purchasing a used Rolex Datejust at a price near its market value, you can achieve a higher rate of return. Therefore, it makes sense to invest in a second hand and well-maintained watch, ideally with original papers (invoice/bill) and box. The price of a used Rolex watch can range drastically depending on the materials used in its construction, the model, and its age. Beyond that, the shortage of availability or scarcity and consumer preferences within the secondary market can also dictate the price of a used Rolex Datejust watch. Additionally, the condition of your watch also plays a factor in determining the price. For highly collectible vintage watches, mint condition can equate to substantial sums in resale value for a pre-owned Rolex watch.
Quality Matters the Most
Quality is the most crucial factor that you'll seek while buying an old and used Rolex Datejust watch. Prices are often grouped by the quality of the watch when you search for used Rolex watches. A mint condition watch usually sells for thousands more in market price. However, a multitude of scratches and a cracked crystal can dramatically reduce the asking cost. To understand how the used Rolex prices would apply to your watch, compare it to similar watches, and then take your watch to an appraiser before you decide to sell your precious Rolex Datejust. Pawnshops or jewelry appraisers consider all factors to give you a genuine and objective value for your valuable piece.