Who would not like to flaunt a Rolex if they own one? The timeless brand is favorite of watch connoisseurs and collectors. The brand manufactures elegant timepieces featuring impeccable design, high precision and precious materials. Do you want to re-sell your coveted Rolex watch but are clueless about its accurate market worth? You require watch appraisal services provided by a valuation company. A certified watch valuer can determine the fair market value of your precious timepiece.
You can also get a watch appraisal for reselling or insurance purposes at the time of getting a jewelry valuation.
Prestige Valuations is a leading appraisal company. They provide handbags, jewelry and watch appraisal services online. A certified valuer will study the market trends and demand for your item. They will also consider various key factors before assessing the accurate value of your coveted item.
Factors That Impact The Value Of Your Rolex
The Condition of your Rolex
The condition of your Rolex can greatly impact the value of your timepiece. If there are two Rolex watches, exactly the same models, the resale value will vary based on their condition. The watch which is well maintained and has no signs of wear and tear will be sold at a higher price.
If you have maintained your Rolex and preserved its condition, you can fetch an excellent amount for it. If all parts of your watch are original and you have not polished or refinished the watch, you can expect the best deal.
The dial is the most important part of a watch, it should not be damaged. It should be cleaned and printed indicators should be visible properly. Look for hand drag, it is also crucial.
The bezel is another area to look for any scratches. Minimal fading of engravings on the bezel insert ensures better resale value. The movement can’t be ignored, it should be running fine and the watch should show the accurate time. Check the crystal for any scratches and cracks. Don’t forget to examine the strap or bracelet for any damage, check if it’s too loose, missing any link or there are any clasp issues.
The condition of the case too is crucial. Look for dents, scratches or blemishes on the case. An unpolished case in excellent condition can get you a higher price on the secondary market.
What’s the age of your Rolex?
When it comes to assessing the resale value, the age of your watch also plays a key role. The manufacturing era of your high end watch can impact the price you can fetch on the secondary market. You must know whether your timepiece is antique, vintage or contemporary. Antique and vintage Rolex models are watch collectors’ first choice.
The Rolex models produced during the 1950s and the 1980s have high demand on the secondary market. Be it a Submariner, Explorer or GMT-Master, vintage models are highly sought after. Due to the high demand, the value of the Limited Edition models appreciated fast. Their design, craftsmanship, rarity, complex movements and vintage charm make them valuable.
The premium of contemporary Rolex models does not rise as much as that of the discontinued models. But, one should not forget that the condition also matters as mentioned above.
Why Do You Need Watch Appraisal Services?
The watch appraisal services can help you determine the accurate value of your Rolex. The above mentioned factors are only a few of the many factors that a watch valuer will consider while assessing the market worth of your Rolex. They will also study the demand of your model on the secondary market. The market trends too will be researched before finally determining the appraisal value.
The appraisal document will be required for insurance and reselling purposes. So, you can’t ignore it as it can help you at the time of insurance claim. Also, it will come in handy, if you plan to resell your coveted timepiece.
