Rolex is one of the most prestigious brands that manufacture almost over 2,000 watches per day to meet the market demand. Ever since its introduction in 1905, the name ‘Rolex’ has become synonymous with excellent craftsmanship, precision and the ultimate manifestation of refined luxury. Rolex watches have glorified the wrists of many explorers, achievers and cultural icons across the world.
The esteemed reputation, compelling history and also, the watchmaking expertise to design a luxury watch using stainless steel, precious metals and gems help Rolex timepieces to retain their value over the time. With this in mind, many people often decide to sell their Rolex watch to raise cash right away in a hard-up situation.
Although the brand is globally recognised and admired for making the most reliable, alluring and highly coveted watches, Rolex is also surrounded by many myths.
Here are top 4 myths about Rolex that you should know before you walk out or begin your search online to find out a reliable watch buyer in London or any other big city to sell your Rolex watch for the best market price.
Myth 1: Rolex is a Swiss-American Watch Brand
Rolex is absolutely a Swiss brand, and each Rolex timepiece is manufactured in Switzerland. There are probably two reasons behind the association of this manufacturer with the countries of English speaking:
One, the company was founded originally in London.
Second, it may try to follow a unique global corporate strategy by emphasising the Great Britain and USA.
While the brand has a subdivision and also a company training centre in the US, all the main headquarters are located in Geneva as well as Biel in Switzerland.
Myth 2: Rolex instituted the first testing centre for certifying the watches’ accuracy
The testing centre already existed in the 18th century that studied the momentum of pocket timepieces. Ships at sea also required the optimum watch accuracy possible to estimate the longitude with the help of the sun’s position and the actual time.
Although Rolex may not be the first manufacturer for certifying the precision of watches, the brand was yet the first to verify ‘wrist-watches’. The origination of Rolex watches is strongly interrelated with the visionary spirit of the founder Hans Wilsdorf who realised that timekeepers’ future belongs to the ones worn on a wrist.
With a dream to design an elegant and reliable wristwatch, the manufacturer focused more on the technological advancements to produce perfect and smallest possible watches.
Myth 3: Paul Newman Daytona watches usually have the highest prices at auctions
People typically assume that the most expensive Rolex watches are those of the Daytona series, specifically the ref. ID 6263. It is true that the popular Albino version of 6263 was the most expensive Rolex timepiece sold for a record price of nearly 10 million pounds in 2015.
But the fact is, the sum for which most of the ‘Paul Newman’ models are usually being sold is yet far behind the costliest Rolex timepieces of all time. Indeed, the Rolex 4113 fetched a record sum of 18 Million pounds in 2016 and today, is the most expensive Rolex watch of all time.
Myth 4: A Rolex watch can be sold anywhere for cash
If you decide to sell your Rolex watch to raise instant money, it is essential for you to choose a genuine and professional Rolex watch dealer who truly understands both the historical and monetary value of timepieces manufactured by an elite brand such as Rolex. While a potential watch buyer has the expertise eyes to detect the difference between an original and fake Rolex watch, he/she also has the substantial experience and knowledge to assess a Rolex watch precisely and determine its accurate price.
Thus, before you decide on a particular dealer, it is always essential to spend some minutes online and do a little bit of research. With a long-established and, you can expect to obtain an accurate appraisal and ultimately, the most competitive price for the Rolex model you are interested in selling.