What is my rolex worth? This is a question that comes up very often. The estimation of a rolex watch is essential to evaluate its market value. Although rolex watches are currently popular on the market because of the brand's notoriety, not all rolex watches are worth the same, as some factors can influence the price. Here are some tips on how to value a rolex.
When to have a Rolex watch appraised ?
You can have a rolex appraised when you intend to sell it. This way, you have an idea of the price range in which you can sell it without it being either undervalued or overvalued. In other words, the rolex appraisal allows you to make a fair offer: you avoid selling the watch at an underpriced price or setting too high an amount that could scare away potential buyers.
You can also make the estimation of a rolex watch when you want to subscribe to an insurance contract to protect it. Thus, in case of theft or damage, you will be compensated as fairly as possible according to the terms of the contract. You can also seek to know the value of a rolex watch within the framework of a donation, an inheritance or when you seek to invest in a watch.
How to know the price of a Rolex watch ?
To determine the value of a rolex watch, you will have to take into consideration several parameters such as the model, the condition, the authenticity, the market value, etc. Let's take a closer look at all the key factors that determine the value of a rolex watch.
The model: The collection to which the model belongs: Daytona, Air King, Submariner, Cellini, Explorer, Datejust...but also its characteristics including the manufacturing material of the case, the bezel or its color are likely to affect its value. You should therefore identify the model of your Rolex thanks to its reference number to get an idea of its market value by searching on the internet. It could be a rare and coveted Rolex like the GMT-Master Pepsi 1675 or the Submarimer Hulk reference 116610LV. Rarity can indeed make the price of a rolex soar.
Age: This factor can either increase the value of the watch or decrease it. Why is this? Generally speaking, collectors are particularly fond of older Rolexes. For example, Rolex Submariner, GMT and Daytona watches from the 50s, 60s and 70s are among the most sought-after watches in the world. Note however that even if vintage models are highly coveted others are difficult to sell.
The condition of the watch: this criterion is one of the most important when estimating the value of a rolex watch. If it is a new rolex, the better the condition, the better. Indeed, if a component of the watch, such as its bezel, glass, case or bracelet, has scratches or damage, this can lower its value. In the case of an antique rolex, slight signs of wear may not affect its value. Some collectors prefer vintage watches that are in their original condition, with a very weathered dial.
Authenticity: the authenticity of the timepiece prevails over all these criteria. If your rolex is a fake, it will have no value. It is essential that it is an original piece, having undergone no modification of its components. Be aware that the presence or absence of the box and papers (purchase invoice, warranty card, certificate of authenticity) will affect the value.
Where to get a Rolex watch appraised ?
Whether you want to sell, buy or insure your watch, you need to ask for an estimate from an expert at an auction house or used watch sales boutique. Thanks to his knowledge of the market and his experience in the field, he will be able to determine with precision the value of your watch.
The estimation of a rolex, for example, theExplorer 1016 can also be done by a watchmaker known for his know-how. He can work on his own account or in a jewelry store. You can also have a rolex watch appraised online. This service is generally offered by some websites selling second-hand luxury watches. You just have to send the model reference, pictures of the watch and the purchase invoice, the certificate of authenticity if you have them to have an opinion on its value.
As you will have noticed, the estimation of a rolex watch is a complex process that requires an excellent mastery of rolex watches and the second hand market. If you are a novice in the world of Swiss watchmaking, then it is better to contact a professional.
Estimation and authentication of Rolex watches with Watch Certificate
If you want to know the price of your rolex watch, you can contact Watch Certificate. We have a network of experts who have the skills and experience to estimate and authenticate your Rolex, whatever the model.
To carry out the appraisal of a Rolex watch (or any other brand), we have set up a two-phase protocol to guarantee objectivity. A professional watchmaker will first authenticate the watch according to the 54-point appraisal charter. If the watch proves to be authentic, he will propose a price range, taking into account its condition, history and market value. The watch is then sent to an independent expert for a second opinion.
We will then activate the Watch Certificate™ which will serve as your certificate of authenticity. It comes in the form of a steel card on which all the information of your rolex is recorded and stored. It provides proof of the authenticity of your rolex and certifies its market rating. We can update the price of the rolex watch as soon as necessary to reflect its value at any time.
At Watch Certificate™, we have a special feature that makes all the difference. An identity card for your watch is saved in the Ethereum Blockchain. Your rolex's information is tamper-proof and only you have access to it; just scan the card to see everything. You have the possibility to print the information of the watch to share it with a buyer for example. We also respect the privacy of our customers, that's why all data is encrypted throughout the process.
Order a Watch Certificate™ directly on our website or from one of our partner watchmakers to get an estimate on your rolex,
