The world of luxury watches is full of luxury brands that have been around for decades, but without a doubt, the most popular and most well-known brand of them all is Rolex. It had its beginnings in 1902 and has been producing luxury watches of extraordinary quality ever since. With the increasing popularity of luxury watches, most people who are interested in luxury watches own or should own a Rolex. Hopefully, this article has helped to enlighten you about Rolex as a brand and will aid you in making a purchasing decision.
How to choose a suitable Rolex watch?
Rolex watches come in all different shapes, styles, and sizes that serve different purposes for different people. For those that like the look of more masculine, thicker watches, Chrono24 have high quality dive watches such as the timeless submariner, which is without a doubt one of the best Rolex watches for men. Marketplaces such as Chrono24 make it easier for prospective buyers to find watches they may be interested in. Using a service such as this that has a history of happy customers helps to ensure that you are not scammed out of thousands of your hard-earned cash by ensuring the authenticity of the watch being purchased.
For those looking for a more classic, dress-style watch, Rolex has offerings such as the Oyster Perpetual, Datejust, and Day-Date. These are not only some of the best looking watches from the brand, but they are also some of the most well-known watches that tend to hold their value very well, as long as they are looked after.
For those looking for more valuable and rare timepieces, Rolex has a few watches that may tickle your fancy. Some of these include the Rolex GMT Master 2 in white gold, the Rolex Yacht-Master with its bejeweled multi-colored bezel, and the Platinum Rolex Daytona in Ice Blue, just to name a few. These rare and exclusive models retain and increase in value more drastically than their more normal Rolex counterparts due mainly to their incredible scarcity.
How much does a Rolex cost?
There are many different models of men’s Rolex watches that vary dramatically in price, from the cheapest to the most expensive. Its most iconic watch, the submariner, which was the first watch to be waterproof up to 100m, can range in price between $13000 and $34000 (roughly R230000-R612000) with its more expensive offerings going for over $100,000. Due to the scarcity of Rolexes, however, it is not as simple as just having the money to buy the watches, at least for the more popular and desired models.
Some dealers will require you to have had some sort of spending history with them on other expensive jewelry or watches in order to be put on a prospective buyer’s list.
Are Rolex watches a good investment?
Luxury watches such as Rolex are only becoming better and better investment opportunities. Although the price of most of these watches is more than most would be willing to spend, their value lies in their ability to retain their value, if not increase it over time. The primary driver for Rolex and other luxury watch brands holding onto their value is the ebb and flow of supply and demand. As certain models are only produced for a finite period of time, their demand increases as the models go out of production. Therefore, the price of the watches also increases. Men’s Rolex watches in particular have become scarce, especially as men tend to buy more luxury watches than women. The supply of these watches cannot keep up with the insatiable demand. With Rolex not intending to increase their volume of production anytime in the near future, the shortage of supply can only be expected to grow. The self-perpetuating cycle of ever increasing rarity and value only leads to die-hard watch fans and collectors loving the brand and particular watches even more.
