{"id":1510,"date":"2011-05-20T17:02:01","date_gmt":"2011-05-21T00:02:01","guid":{"rendered":"http:\/\/www.bobswatches.com\/rolex-blog\/?p=1510"},"modified":"2024-03-26T16:48:38","modified_gmt":"2024-03-26T23:48:38","slug":"watch-prices-despite-economic-troubles","status":"publish","type":"post","link":"https:\/\/www.bobswatches.com\/rolex-blog\/resources\/watch-prices-despite-economic-troubles.html","title":{"rendered":"Are Used Rolex Prices Holding During Economic Troubles?"},"content":{"rendered":"\n

It’s been a tough couple of years with the recent recession, US unemployment rates, and other economic issues. So what’s been happening to Rolex resale values? Unlike buying a typical high fashion watch, like a Chanel or Hermes, buying used Rolex watches has been known to be a better investment and many people are asking if that advice is still true today. Despite the fact that the economy has not rebounded in the US, luxury goods are still in high demand throughout the world.  Economies in China, Asia, and the Middle East are minting millionaires by the week all looking to purchase high-quality luxury goods like Rolex, Cartier, Panerai, Prada, Gucci, and Armani to name a few. Moreover, classic timepieces like Rolex are often kept and handed down, generation after generation, with the knowledge that their value continues to hold. This remains true, even now.<\/p>\n\n\n

\n
\"Rolex
A Rare Daytona will still hold its price.<\/figcaption><\/figure><\/div>\n\n\n

Used Rolex Prices –Standing The Test Of Time<\/strong><\/h2>\n\n\n\n

Buy and sell Rolex watches<\/a> is not like being a day trader of stocks and bonds. Used Rolex watch prices do tend to hold rather steady over time because the demand is there. The Rolex brand is known to be incredibly well made, and to last for generations. Therefore, despite an initial period of depreciation after purchasing a brand new Rolex, a pre-owned Rolex watch<\/a> is often high enough to trade it in and try another coveted model.<\/p>\n\n\n

\n
\"Rolex<\/a>
Rolex Daytona Paul Newman 6239<\/figcaption><\/figure><\/div>\n\n\n

Part of being able to see a gain or holding of has to do with the passage of time. Examining used prices from years ago and comparing to today will show a significant difference, whereas comparing this year’s prices to last year’s will no value to show as much of a change. Like any solid investment over time<\/a>, buying Rolex watches takes the commitment of time.<\/p>\n\n\n

\n
\"The<\/a>
Rolex GMT-Master II ref. 116713<\/figcaption><\/figure><\/div>\n\n\n

The Bottom Line<\/h2>\n\n\n\n

The brand and craftsmanship speak for themselves in a resale environment, and chance is on your side that when you’re ready to part with your watch, someone will be waiting to buy it. You can easily look up a Rolex watch price list online, or check forums to see how much the watch you like sold for last year (or five years ago). The most in-demand models tend to be the pre-owned GMT-Master II, the used Submariner, and the used Rolex Sea Dweller. All of which gives great value through time making them a great luxury investment.<\/p>\n\n\n\n

The bottom line is:<\/em> buy a used Rolex watch because you love it and want to wear it. That alone will make it well worth the investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s been a tough couple of years with the recent recession, US unemployment rates, and other economic issues. So what’s been happening to Rolex resale values? Unlike buying a typical high fashion watch, like a Chanel or Hermes, buying used Rolex watches has been known to be a better investment and many people are asking if that advice is still true today. Despite the fact that the economy has not rebounded in the US, luxury goods are still in high demand throughout the world. Economies in China, Asia, and the Middle East are minting millionaires by the week all looking to purchase high-quality luxury goods like Rolex, Cartier, Panerai, Prada, Gucci, and Armani to name a few. Moreover, classic timepieces like Rolex are often kept and handed down, generation after generation, with the knowledge that their value continues to hold. This remains true, even now.<\/p>\n","protected":false},"author":2,"featured_media":11542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[1630],"tags":[],"ppma_author":[2286],"acf":[],"yoast_head":"\nA Long-Term Investment Through a Watch? Only One Brand Makes the Cut - Bob's Watches<\/title>\n<meta name=\"description\" content=\"Are pre-owned Rolex watches known to be a great long-term investment? Is this still true during the recent recession & economic turmoil? 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Paul Altieri is a trusted and recognized authority in the watch industry with a proven track record of expertise, professionalism, and commitment to excellence.","sameAs":["https:\/\/www.bobswatches.com","https:\/\/en.wikipedia.org\/wiki\/Bobs_Watches"]}]}},"authors":[{"term_id":2286,"user_id":2,"is_guest":0,"slug":"paul","display_name":"Paul Altieri","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/d3e540a744096739cccba1e3bb39245b?s=96&d=mm&r=g","author_category":"","user_url":"https:\/\/www.bobswatches.com","last_name":"Altieri","first_name":"Paul","job_title":"","description":"Paul Altieri is a vintage and pre-owned Rolex specialist, entrepreneur, and the founder and CEO of BobsWatches.com. - the largest and most trusted name in luxury watches. He is widely considered a pioneer in the industry for bringing transparency and innovation to a once-considered stagnant industry. His experience spans over 35 years and he has been published in numerous publications including Forbes, The NY Times, WatchPro, and Fortune Magazine. Paul is committed to staying up-to-date with the latest research and developments in the watch industry and e-commerce, and regularly engages with other professionals in the industry. He is a member of the IWJG, the AWCI and a graduate of the GIA. \r\n\r\nAlongside running the premier retailer of pre-owned Rolex watches, Paul is a prominent Rolex watch collector himself amassing one of the largest private collections of rare timepieces. In an interview with the WSJ lifestyle\/fashion editor Christina Binkley, Paul opened his vault to display his extensive collection of vintage Rolex Submariners and Daytonas. \r\n\r\nPaul Altieri is a trusted and recognized authority in the watch industry with a proven track record of expertise, professionalism, and commitment to excellence."}],"_links":{"self":[{"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/posts\/1510"}],"collection":[{"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/comments?post=1510"}],"version-history":[{"count":8,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/posts\/1510\/revisions"}],"predecessor-version":[{"id":61045,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/posts\/1510\/revisions\/61045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/media\/11542"}],"wp:attachment":[{"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/media?parent=1510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/categories?post=1510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/tags?post=1510"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.bobswatches.com\/rolex-blog\/wp-json\/wp\/v2\/ppma_author?post=1510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}