However, when purchasing a pre-owned Rolex, do Rolex papers matter? Rolex watches should be only purchased from Official Rolex Retailers, who are authorized to sell and maintain Rolex watches. These three-hand, time-only watches are as classy as they are sporty. 116610 retails for a relatively reasonable $8,550, but like all covetable Rolex models you likely can’t walk into your local retailer and buy one. Many vintage Rolex watches have proven to be great investments over time. With the necessary skill, training, know-how and special equipment on site, they guarantee the authenticity of each and every part of your Rolex, and can ensure its reliability over time. The Ref. While some people are perfectly comfortable wearing a popular newer style, “Vintage timepieces, like the Rolex GMT, are a rare opportunity to buy something you won’t see on everyone else’s wrist,” advises Smith. I guarantee for that 30 minutes you will be treated very well. Purchasing a Pre-Owned Rolex. If you have the spare cash to buy new, fantastic – go for it. Used or New – 3 Factors to Determine which Luxury Watch to Buy. The first and most obvious reason why you should buy a used Rolex Submariner is because of the lower price. As Eric lays both a pre owned and a brand new two-tone Rolex Yacht-Master II next to each other in front of the camera, he spells out the factors he uses to determine whether to buy new or used. I would like to spend about $10-15k on the watch and I am looking to buy a Day Date at the moment (however I am not 100% sure to the moment). Altieri says that a classic Rolex Submariner should ideally be serviced every five years, at a cost of about $500 a pop. I would be the first to concede that there is something very special about walking into a Rolex Boutique and buying a brand-new watch. In addition to value, choosing a pre-owned timepiece can be a matter of style. It really depends on whether the buyer is purchasing a watch, or the watch complete with the watch’s provenance. Rolex Two-Tone Diamond Submariner Watch, $7,900 5. Similar to art, antiques, and other historical items, any extra item that contributes to the story of the piece increases its value. When buying that first watch consider looking at the large UK pre-owned market. (They received a big dial and color update in 2020.) When you buy a pre-owned Rolex from a dealer, always make sure to ask about the warranty and their terms and conditions. A benefit of buying used Rolex watches is that you can buy collectible vintage Rolex watches. Rolex’s most basic watch is also the direct descendant of the original Oyster watches that put Rolex on the world’s stage. People just bought stuff because it was well made, had a nice design, etc. Buying Guide: The 6 Rolex Oyster Classic Models Oyster Perpetual. I bought my Rolex in 1979. Shop Pre-Owned. For a buyer of a pre-owned watch, this means you pay much less than the retail pricing and can get more watch for your money. Rolex. Especially when you can only purchase online, the pre-owned Rolex watch might not be up to your standards. This was before the “yuppy” era and the rise of designer labels. However, due to the price point I am considering buying a pre-owned one. As soon as a brand new watch is purchased, it immediately becomes ‘pre-owned’, losing much of its value. Buying conditions. The catch is that these vintage watches have been discontinued since many years back and are getting increasingly difficult to find – in particular in a good condition. 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