Arguably the most recognizable name in the watchmaking industry, Rolex timepieces are some of the most popular luxury watches available. They hold their value better than virtually any other brand, commanding high prices on the resale market.
If you’re a proud owner of a Rolex watch you no longer want or need, you might be asking yourself, “How should I sell my Rolex?” Your best option is to sell to the fine jewelry professionals at The Diamond Oak. Our team of experts understands and appreciates the value of a Rolex watch, relying on decades of experience and the latest data to arrive at a fair value for your prized timepiece. Read on to learn more about the history of this luxury brand, and how you can get top dollar for your Rolex watch.
The History of Rolex
Rolex is truly a brand that needs no introduction—its name alone embodies quality and luxury. Founded in 1902 by Hans Wilsdorf, Rolex got its name in 1908. Wilsdorf was dedicated to precision in timekeeping, with Rolex becoming the first wristwatch brand to carry the Swiss Certificate of Chronometric Precision, awarded in 1910.
Throughout their storied history, Rolex has introduced countless innovations and patents. They even created the first waterproof watch in 1926. Today, the brand is loved and worn by royalty, celebrities, collectors, and lovers of luxury, with watches from all eras achieving a high price on the resale market.
Sell your Rolex
Due to Rolex’s impressive reputation for quality and excellence around the world, they command a high resale value on the secondary market. If you’re interested in selling your Rolex, the experts at The Diamond Oak are here to help. We’ll need the model number of your Rolex so we can determine the year, materials, and movement of the watch. We’ll also take a close look at the condition of your timepiece and—more specifically—the condition of the movement.
Documentation also improves the overall value of the piece since collectors looking to buy a Rolex on the secondary market prefer a watch with the box and all the papers. If you have the box and authentication papers, you can expect to get a higher price for your watch.
We also consider the market value when determining the price of a pre-owned Rolex. This essentially is the price the current market is willing to pay for a given Rolex model. Our team has a deep understanding of the Rolex market, allowing us to pay an appropriate price for your timepiece.
Finally, condition is important when determining an appropriate value for a Rolex watch. Shallow scratches can often be buffed out and won’t affect the price, while significant blemishes need to be accounted for. We’ll also consider the condition of the watch movement, ensuring there’s no corrosion, as well as the condition of the bracelet. for the best possible price. Contact us today to get started!