How to Sell Your Rolex
Rolex watches need no introduction. When we talk about top-of-the-line timepieces, Rolex is only second to none. Founded in 1905 in London, United Kingdom, Rolex has been in the business of designing, engineering, and manufacturing premium luxury watches for over one hundred years. Crafted from the finest materials and assembled with meticulous attention to detail, every Rolex is considered to be a work of art.
There are very few brands where the name says it all and Rolex belongs in the prestigious club. When it comes to formal accessorisation, a Rolex watch can take your whole ensemble to a whole new level. With a Rolex on your wrist, you know the real worth of time and prestige.
Where Can I Sell My Rolex Watch?
You may already be aware of the fact that designer items such as luxury Rolex watches cannot be sold using traditional methods. This is why you don’t see people selling their Rolex on your average marketplace. You have to find a buyer who does not only know the worth of your timepiece but appreciates the brand’s legacy and its reputation. That’s why you need professional Rolex buyers who can properly appraise your Rolex and give you a fair quote.
One of the best options available to you is professional buyers since they process transactions at high speed and have the ability to pay a lump sum of cash instantly. Apart from that, you can rely on online auctions and designer brand pawnbrokers who can deliver you quality customer experience in terms of getting you a good price and ensuring a quick sale.
How to Sell Your Watch?
If you are looking to sell your Rolex watch, you need to be smart about it. Conduct your research and identify reputable businesses who have a history of dealing with designer brand products. You can check out multiple customer reviews and talk to the customer support to analyse whether the online buying business has the capability to deliver the selling experience you are looking for.
Don’t forget that the resale value of the watch has very little to do with what you paid for it. There are rare timepieces on which you can actually make a profit. Moreover, if you are using an online buyer, ensure the photos you upload are high definition and show the high quality of craft and materials in full detail. Blurred or pixelated photos can affect your appraisal.
How Much is a Rolex Worth?
Rolex uses a highly premium proprietary material in the construction of its watches called Roles or which is a combination of 18-carat gold and 904L steel. In some cases, the blend includes white or yellow gold instead of the standard one. Apart from the Cerachrom ceramic is also used in the bezels of some watches which is highly innovative. The other materials include Platinum, leather, luminous paint, mother of pearl and more premium materials. All of the watches are assembled manually to ensure perfection.
This is exactly why the prices of a new Rolex start at £5,000 with most being sold in the bracket of £8,000 to £12,000.
Do Rolex Watches Lose Their Value?
It depends on the timepiece. Some of the Rolex watches actually appreciate in value over time, especially the vintage ones. While others lose value once they have been used. However, it can only be determined by evaluating the physical and functional condition of the watch itself. Those that are in pristine condition can still fetch 50% to 75% of their purchase value.
If you are interested in buying a Rolex that you would want to resell at some point, research and find out which ones appreciate in value over time.
How Much a Used Rolex Sells For?
As mentioned above, generally, Rolexes that are in mint condition will fetch a fairly good price but it all depends on their appearance and functional integrity. If you are relying on a professional Rolex buyer, they can give you a better idea in terms of what your watch is worth in its current condition. Overall, a used Rolex would sell anywhere between 25% and 200% of its purchase price.
How Do I Know My Rolex Is Genuine?
There is a multitude of ways to find out if your Rolex is genuine or fake. Here are a few manual tests that you can do.
- Check for a ticking sound, if there is one that’s a fake Rolex.
- Check the back case if it has a perfect smooth metallic finish.
- Assess the quality of crafted crown etching.
- Ensure the second-hand works perfectly without any jerks.
- Check the Cyclops magnifying glass quality.
- Every watch has a smoothly engraved Rolex serial number.
- Watch face has evenly aligned text.
- Price. If you are paying a few hundred pounds, it’s a fake.
- Weight of the timepiece. Real Rolex is quite heavy.
Can I Sell a Rolex Without Papers?
Although it is always better to have the evidence in the form of papers or certificate, you can still sell your Rolex if you don’t have the documentation. It may go through a more strict evaluation but if it’s a genuine timepiece, a trained professional appraiser will know its worth.
Should I Sell My Rolex?
Rolex timepiece is so much more than just a watch. It is a manifestation of your style and you often develop an emotional connection with your prized timepiece. And when it comes to giving it away for cash, it’s not always an easy decision. That being said, we have the buyback option here so you can always get your Rolex back for the price you were paid.
Selling your Rolex is never an easy decision. It doesn’t only have emotional repercussions but in terms of sheer practicality and accessible options, it can become quite a chore. You are required to find a buyer who appreciates designer timepieces and knows how to appraise it adequately.
Relying on a professional Rolex buyer is always the right choice as you may have to incur commission or service charge expenses but you will receive the customer experience you are looking for along with the right price.