Buying a Rolex Watch as Investment? Read These 5 Quick Tips!

Are you planning to buy a Rolex watch? Is it the first time? You might be very familiar with this Swiss luxury watchmaker and its innovative timepieces. You know that buying a Rolex means buying an exceedingly high-quality luxury watch that you can later turn into cash in a hard-up situation. How? Sell your Rolex watch to any potential watch buyers. 

Most timepieces lose value the moment they step out of the showroom. However, it is not the case with Rolex watches. They hold their value exceptionally well with time, and many models even appreciate. Thus, they are excellent investments that you can relish for a lifetime and can pass down to several generations. Nonetheless, it can be pretty challenging to buy a Rolex as an investment, especially the first. 

Thus, here are some quick valuable tips to help boost your confidence and ease the process of purchasing your Rolex, thereby making a worthy investment. 

Check Out These Quick Tips Before You Purchase a Rolex Watch

• Focus on the models supplied in low numbers

When you are buying a Rolex watch as an investment, you also prioritise its resale value in future. Thus, one of the significant aspects for you to consider will be the production numbers. Rolex sports watches are typically fewer in number than Rolex’s dress models. You will find that virtually all authorised Rolex dealers sell Datejust and Oyster Perpetual watches. 

If you choose to buy a Rolex available in limited numbers, you are likely to allure more buyers when you head out to sell your watch in the future. Thus, it would be better that you give priority to limited edition Rolexes. 

• Think before you choose the materials

For most people, valuable materials are typically platinum, gold and diamonds. Eventually, you consider that these Rolex watches are the best investment pieces. But the fact is that these models usually depreciate quickly as they are costlier, less popular and difficult to resell. 

• Brand-new or pre-owned?

Like many others, you may also think that brand-new Rolex watches are better investments than pre-owned ones. But keep in mind that a brand-new timepiece will lose substantial value the moment you purchase it. However, if you invest in a second hand Rolex, the drop-off in value is likely to be much less. 

The reason is the pre-owned Rolex watch already underwent a significant depreciation before you purchased it. Thus, make the best and safest investment decision by investing in a used Rolex watch. 

• Choose a perfect time to purchase

It is essential to think about the time of purchase, as well as sell. This will eventually ensure maximum return on your investment. If you invest in a Rolex timepiece when prices crash, your watch may not lose its value much for a while after. This is because many people will try to secure money for their timepiece at the same time due to the monetary crisis.  

However, you cannot buy a Rolex to sell it when the economy crashes. But if you can time the market accurately, you can make the best Rolex investment that can make more money over time.

The Pro-Tip for you:

Many collectors look for the vintage market when buying a Rolex watch as an investment. If you retain your Rolex for a long enough time in good condition, you can put the timepiece on auction. It may fetch you a lot of money, especially if it is a limited edition Rolex. Moreover, vintage Rolexes make sound investments as their value typically increases in value over time. 

However, when you later decide to turn your investment Rolex into cash, significant consideration will be where to sell your Rolex. Keep in mind that there are a plethora of watch dealers out there, including the ones who can deceive you into selling your asset for a low price. Thus, make sure that you always choose trusted watch buyers to rest assured you are getting the best deal.