After checking if it's original, running the serial number is important, for checking whether the Rolex wasn't reported missing. In that case, you wouldn't be able to cash it. On the other way, it can be really valuable for you. The serial number is a critical part of authenticating your watch.
Selling your used Rolex can be the perfect solution for those who need cash in a pinch or for anyone looking to upgrade their watch to a more recent model. Before you move forward with selling your Rolex watch, there are a few things you should know.
Absolutely. The guarantee card is an essential part of the overall Rolex package, but it does not actively impact the look or performance of the timepiece when it is on your wrist. An official Rolex remains an incredible timepiece and will still appeal to buyers without the papers.
Both Rolex and some official Rolex retailers browse the web looking for visible serial numbers that allow them to identify the watches. This primarily includes marketplaces like Chrono24, eBay, forums, and other places where people may sell their watch.
That is why it's best to not only take care of your investment, but also make sure you have assurance of its safekeeping. We're here to help - Can Rolex watches be traced? Yes, they can. And, we want to encourage you to take the following steps to protect your Rolex.
Rolex has built such a strong brand and reputation in the market that it's rare for a Rolex to drastically decrease in value over time. If your Rolex is kept in great condition over the course of time it's on your wrist, it will most likely maintain its value fairly well and sometimes noticeably increase in value.
While there is no fixed rule for determining the value decrease of a Rolex watch without its box and papers, many experts estimate a 10% to 30% reduction in resale value. The exact percentage may vary depending on the model, condition, and market demand.
The name of the original purchaser cannot be changed under any circumstances. Please contact the Official Rolex Retailer from which you purchased your Rolex watch for assistance.
Yes. If you are trying to find out if you can borrow money against the value of your Rolex watch, Suttons and Robertsons have been providing an honest fair pawnbroking service against watches since 1770. We can assist you in raising instant finance using your luxury watch as pawn loan collateral.
All of this is to say is that you can make money reselling watches – but it's an industry full of experienced people trying to do the same. You'll need to be patient and a little lucky to find good deals, while greed will likely get you a fake Rolex that turns your wrist green.
When you are ready to sell your vintage or modern Rolex watch, Sotheby's can help you realise the highest price. To receive a complimentary auction estimate, simply submit images of your luxury watch along with any additional information to Sotheby's through our easy-to-use online estimate form.
Jewelers (local or online):
This is by far the best option for selling a pre owned Rolex watch.
How can you tell if a Rolex is stolen? To determine if a Rolex watch is stolen, you can ask for the watch's serial number and contact Rolex or a local law enforcement agency to check if the watch has been reported as stolen. You can also use the watch register database to find out if a Rolex is stolen.
Yes, of course. You will have to accept, however, that you will not get the same price for it as a similar watch that has everything intact. Similarly, you might find it difficult to find a buyer, especially if the lower value of the watch is still considered expensive to most buyers.
How much is the cheapest Rolex? The cheapest Rolex for women is the Oyster Perpetual Reference 276200 that costs $5,300 MSRP. For the men is the Oyster Perpetual Reference 126000 at $5,800 MSRP.
Sports watches have the best value increase
The most commonly sought-after Rolex watches include Rolex Daytona, GMT-Master(II), Submariner, and Sea-Dweller. The Yacht-Master is also a very popular sports watch, but not like the Submariner.
So it's safe to say that your Rolex watch is not a particularly delicate item. It can withstand the daily wear & tear. These watches are built to withstand high altitudes and extreme pressure, so they will almost certainly tolerate day-to-day knocks & bumps.
The short answer is yes. Rolex watches have become a popular investment option for collectors and investors as they see their value increasing significantly over time. Here's why: First, Rolex is a highly respected brand with a long history of producing quality timepieces.
I would hand it to the police. Rolex watches have serial numbers and lost or stolen ones are on this register. All pawn shops have access to this register. The owner would easily be found by the police.
If you have the paperwork to show ownership, this is a little annoyance; but, if you don't, it might be a major headache. This is particularly a problem with more high – priced timepieces. So, you should be cautious when posting your luxury watch online, never show the serial number to avoid fraudsters.