Fine Time: Should You Buy a Rolex?

If you ask people to name a watch, they’ll probably answer Rolex without a second thought. As one of the most powerful global brands in the world, many think of it as a luxury item they must have. Rolex is available in seven models – President, Daytona, Date Just, Explorer, Submariner, GMT-Master II, and Yacht-Master II – but the question is should you buy one?

rolex watchWill it Be Worth it?

Many timepieces don’t retain their value once used, but the case is different for fine watches. Like properties, vintage vehicles, or many other tangible assets, a Rolex watch can be a good investment. As the demand for Rolex is high, many people are even willing to buy pre-owned models to complete their collection.

The price of Rolex wristwatches may seem impossible to reach, but not anymore. Forbes noted in their article that there’s a booming market for selling timepieces online. Many jewelers are buying old and used Rolex models, which they eventually offer to interested buyers for a lower price.

Popular watch blogging site, aBlogtoWatch.com, and jewelers like aaajewelryutah.com say that the buying and selling process is easy. All you need is to find a trustworthy jeweler that follows the standard appraisal process, so you can get the real value of the Rolex watch during transaction.

When Should You Buy?

Most people buy a Rolex to celebrate an achievement, to display their social status, or to own a timepiece that holds value and a rich history. As many tend to buy or give a Rolex on special occasions, it became a trend followed until today. Some people buy a Rolex the moment they can afford it, while others prefer to compare other brands before buying.

The decision to buy a Rolex or not may depend on your money, your status, and even how you would like to be perceived, but don’t ignore other factors like buying it as a gift after an achievement or the chance of selling it in the future.