The most iconic wristwatch brand, Rolex is highly desirable among the watch enthusiasts or collectors worldwide. The brand has always surpassed the expectations of watch lovers by making luxury watches of unique designs and utmost precision. While Rolex watches have been the successful companions of many achievers and adventurers across the globe, they are also celebrity favourite, dignifying the wrists of many notable persons from Roger Federer, Eric Clapton to Victoria Beckham.
Rolex watches tend to hold a high value over the time. While you can expect to get a decent price when selling a second hand Rolex watch for cash, some Rolex models are more popular and coveted both among the watch collectors and potential watch buyers in the second hand market and eventually, can fetch you a higher price.
Whether you are looking to ‘sell Rolex London’ to meet your short-term monetary needs or to raise money to invest in a new model, check out these four most sought-after Rolex models that tend to have a high resale value in the second hand market:
* Rolex Datejust
With an unparallel history and impressive mechanics, Rolex Datejust became a perfect model for many modern watches. In 1945, the brand introduced a date window to the watch dial as well as an automatic winding feature that automatically updated the date every day at midnight. One of the distinctive features of the Rolex Datejust is the magnifying date bubble known as the ‘Cyclops’.
While the watch has hardly changed in its appearance over the 50 years, Rolex has designed it using many luxury components and embellishments but retaining its classic, unique look. Some of the noteworthy wearers of Rolex Datejust are Martin Luther King, Winston Churchill and Dalai Lama.
However, the resale value of second hand Rolex Datejust models will vary based on its design, expensive materials and desirability in the second hand market.
* Rolex Submariner
The Rolex Submariner was the first ever waterproof watch produced by the Geneva-based Swiss manufacturer. Since its launch in 1954, the timepiece became immediately famous and today is one of the most recognised as well as desirable watch model among the watch collectors. Although the brand has released the new editions of the Submariner, its philosophy of beauty remains close to the quintessential 1950s design.
The Rolex Submariner features a multi-directional bezel that helps the divers in monitoring the diving depth, time and also, in operating safely with the gloves when underwater. Some of the Rolex Submariner models bear the most desirable vintage Rolex designs, and a rare model is known to have sold for nearly more than half a million dollars in 2017 in Geneva.
* Rolex Daytona
The Rolex Daytona boasts to be one of the best Rolex timepieces of all time. Rolex introduced the Daytona in 1963, designed specifically for racing drivers. One of the most significant aspects of the Rolex Daytona is the intricate tachymeter, and indeed, the watch could measure a precise speed up to 400km/hr.
While most Daytona versions had black dials, some also featured exotic white dials. However, the most notable features on the dials are the classic sign of Rolex and the three sub-dials that offer a more detailed time account. The compact, classic look, the complex movement under the hood and the high-quality materials make the Rolex Daytona one of the most valuable and sought-after luxury watches.
Some of the rare Daytona versions are reportedly known to have sold for more than £38,309 in auctions. As with nearly all Rolex watches, the value of your Rolex Daytona watch can significantly increase if it is a rare vintage model or one of the most sought-after ones.
* Rolex GMT-Master
Like many other Rolex watches, the Rolex GMT-Master was explicitly designed for navigators and pilots. The GMT-Master is one of the most famous Rolex watches and apparently, it experienced one of the longest runs in production in the brand’s history.
The watch was initially designed in 1954 in association with Pan Am Airways and had a distinctive feature that could exhibit two distinct time-zones at once. The signature black dial with white embellishment made reading easy in the dimly lit cabin of a train or plane. However, the most popular version is the Rolex GMT-Master 1675 with the red and blue bezel.
Although a rare vintage Rolex model or the most coveted Rolex watch can fetch you a higher price in the resale market, many factors are taken into account to assess the actual value of a particular Rolex watch. For example, an old Rolex watch in close-to pristine condition may worth more than the one in poor condition. Besides, the documents like the receipts, original certificate, servicing papers and also, the original box often bestow a direct impact on the final price that a professional Rolex buyer like The Luxury Hut is willing to buy your pre-owned Rolex watch.
If you are looking to sell your used Rolex for cash, it is prime-requisite to find out a trustworthy watch buyer who not only apprehends the real value of luxury watches like Rolex but also ensure to make the process of selling smooth and more convenient for you, be it is online or via appointment.
With a trustworthy Rolex watch buyer like The Luxury Hut, you can rest assured to obtain a professional valuation and ultimately, the most competitive price when selling your old Rolex watch in London or from anywhere in the UK.