Even if you know absolutely nothing about watches, you will have heard of Rolex. They’re a brand that prides itself on craftsmanship and design, but this doesn’t come cheap. If you’re in a position where you now want to invest in a Rolex, here are some things you should consider before taking the plunge.
When should I buy my first Rolex?
People have long considered whether there is a good time to buy a Rolex, however, the general consensus is that there is no good time to buy a Rolex at a significantly lower price. Rolex watches don’t tend to ever sell or resell at a really cheap price, and if it does, then it may be a counterfeit. Rolex pays extreme attention to detail and their watches can resell, sometimes for even more than you bought for.
Which Rolex holds its value best?
One of the biggest indicators as to whether a Rolex will hold its value is its exclusivity. Buyers want something which not everyone has, so exclusivity makes the watch more valuable.
The Rolex Submariner is always a good investment, just because of how popular it is. The Submariner is a sporty watch, but because of its sleek design, it can still be worn during day to day activities. It’s not only popular just for that reason, but also because it has many elements which only can be found on this Rolex model, such as its outstanding water resistance and Calibre 3235 movements.
Other Rolex watches which are likely to hold their value is the dress watch, the Day-Date. The name of this model comes from its history of being the first chronometer watch to display the date. The Day-Dates come in 18k gold or platinum, which makes them both pricey and resellable.
What is the best first Rolex to buy?
A lot of buyers choose to opt for the Submariner as their first Rolex watch, and this is because it’s a good all-around timepiece. It’s one of the most iconic Rolex watches, and it sits at a mid-range price.
Can I walk into Rolex and buy a new watch?
Depending on what model you’re looking for, sometimes you can just walk into a Rolex store. If you’re after the Oyster Perpetual or Datejust, then you may be in luck walking into a Rolex store. However, if you’re looking for one of the sportier models, like the Submariner or Daytona, you might not be so lucky. These models are not often found in physical stores, instead, they tend to be available online or via a waitlist.
Each Rolex store, and employee, will handle their waitlists differently. It’s mainly about your relationship with a Rolex employee and your purchase history. Now, as a new buyer, you may not have any purchase history at all. However, don’t let this deter you from attempting to get your hands on a more exclusive model Rolex. The best dealers are those who will tell you about the waiting list and give the most-wanted timepieces to those customers who are genuinely passionate about watches.
Can you negotiate on a new Rolex?
Typically, if you walk into a Rolex store you wouldn’t be able to negotiate on the price, usually. Unless there’s a sale on, chances are you’ll just have to pay retail price for your new Rolex. Be aware and keep on the lookout for sale prices though, as Rolex sales are more likely to happen after Christmas.
How much should I spend on my new Rolex?
The starting price of a basic Rolex is about £4,000, and if you’re wanting a watch just because of the Rolex brand, this may be a good first investment for you. But, before you even think about buying a luxury watch, first you need to think about whether you can afford it. The best advice we can give is to buy your first Rolex when you can afford the model you’d want. Don’t just buy the base models because they’ve got a lower price tag.
What is the easiest Rolex to get?
Usually, the easiest Rolex to buy is the Air King, however, it can differ from store to store. The only real way to know is to take a trip into your local Rolex retailer and see what they have in stock.
So, when is the perfect time to buy my first Rolex?
To answer the question first posed, there isn’t a ‘perfect’ time to buy your first Rolex. However, there are things you should consider before buying a luxury timepiece, like whether you can afford the model you desire and if you want to wait for any sales. Before making any rash decision, really consider what you want from your very first Rolex.