Pre-Owned Rolex In SA
Rolex is probably the most well-known watch brand in Australia and even worldwide. Since being founded in 1905, Rolex has led the way in regards to design and innovation. Although these days there is plenty of competition when it comes to the luxury watch market. Rolex has continued to refine their designs in a quest for perfection and remains to have one of the most sought after watch catalogues of all watch brands.
There are a range of factors that impact the price of a pre owned Rolex. Model, year, condition and whether or not the watch comes with the originalbox and papers will determine how much you will pay. Prices will range but you can expect to pay between the following:
Rolex Datejust 36 (ref. 1600) - $6,995.00 to $9,995.00
Rolex Datejust 41 (ref. 116300) - $11,995.00 to $19,995.00
Rolex Submariner Date (ref. 16610) - $13,995.00 to $21,995.00
Rolex Explorer 36mm (114270) - $9,950.00 to $12,995.00
Rolex Explorer II (ref. 16570T) - $11,995.00 to $15,995.00
Rolex Daytona (ref. 16532) - $22,500.00 to $29,995.00
Rolex GMT Master (ref. 16700) - $16,995.00 to $18,995.00
Rolex GMT Master II (ref. 16710) - $17,995.00 to $19,995.00
Rolex Sky-Dweller (ref. 326993) - $28,995.00 to $32,995.00
Rolex Sea-Dweller Deepsea (ref 126600) - $19,995.00 to $23,995.00
Rolex Oyster Perpetual (ref. 126000) - $10,995.00 to $14,995.00
Rolex Milgauss (ref. 116400) - $13,995.00 to $16,995.00
FREQUENTLY ASKED QUESTIONS
What is the best second hand Rolex to buy?
The 'best' Rolex to buy really depends on what you are looking for in a watch. Are you after something you can wear every day? Or would you like something to wear for formal occasions? If you are hoping to buy a Rolex as an investment, then that is a different question again. There is a Rolex for most occasions but it comes down to what you are looking for.
We have a price list showing the starting prices for popular models so you can see what fits your budget. From there it is a matter of taste. The two models that people search for most on Wristies are the Rolex Submariner and Rolex Datejust. Each model carries a range of variations that range in style and price. Outside of this there are other models such as the Daytona, Explorer and GMT Master which are also extremely popular. These models are considered stainless steel sports watches, of which the prices of them have boomed in recent years - particularly in the second hand market.
Is a second hand Rolex a good investment?
There are a lot of factors involved when determining if a Rolex watch is a good investment; such as the model, condition, year and whether it has its original box and papers. Trying to determine if the price of a watch will go up or not is very difficult as it is often based on how popular the model is.
In saying that, the price of most stainless steel sports models have steadily increased over the years. Whether they continue to or not is hard to say.
They best way to determine whether a watch is a good investment or not is based on whether you like it or not. Hopefully if you choose one you like and intend to wear for years you can't really go wrong. If at some point you decide to sell it and it has increased in price, then thats a bonus!
Do used Rolex Hold their value? Or will the value of my Rolex increase over time?
Data is showing that majority of Rolex watches have steadily increased in value over time. This has lead people to wonder whether it could be a worthwhile investment opportunity. If we look to the past, we can see clearly that most Rolex watches have either held their value or increased in value considerably. This does not necessarily mean that it will continue to do so. The variation in price is largely due to popularity and a lack of supply. There is no clear formula to determine if a particular Rolex will increase in value or not. It would seem though that they do hold their value but if you are looking only for an investment opportunity, there are plenty of other ways to make money. If you are looking to buy a Rolex for yourself, it might be comforting to know that prices have held steady and if you are lucky, later down the line you might make some money from it!
How long is the Rolex waitlist?
Rolex has extensive wait lists which means it can take years to get the watch you want, or if it is a popular model you may not be able to get it at all without some existing relationship with the brand. Often the popular stainless steel sports models such as the Submariner, GMT and Daytona wll be very difficult to get a hold of. This is because Rolex will first offer the watches to their existing client base. The reason it has become so popular for people to buy a Rolex second hand, is due to these wait lists being so long. The demand for some models is so high that they sell for more than double the retail value.
What is the hardest Rolex to get?
Most of the new models at Rolex now have become fairly difficult to get a hold of new. Many of them have 'wait lists' which can be several years long. That is why so many people turn to the grey market in order to purchase the Rolex they would like.
Demand for Rolex watches has surged in recent years and that has meant that buying one new, is incredibly difficult unless you have an existing account with Rolex where you have spent a considerable amount already.
For most, the only way to get your hands on a popular Rolex model is by purchasing one on the second hand market. The models that are in the highest demand and hardest to get would be the Rolex Daytona 116500LN, Rolex Submariner 124060, 126610LN and 126610LV. Other than that the Rolex GMT Master II 'Pepsi' 126710BLRO or 'Batman' 126710BLNR.
How do I know my Rolex is genuine?
Rolex is one of the most popular luxury brands in the world and as a result, it is common to find counterfeits. There are ways to tell whether your watch is genuine, however counterfeiters are getting more and more sophisticated. They continue to update their designs and fix any errors on previous models which makes it harder and harder to identify when a Rolex is genuine or fake.
The best way to find out whether a watch is genuine, is to take it to a reputable watchmaker and have them remove the caseback to check the movement. The movement is the most difficult part of the watch to replicate, which means it is the easiest way to identify the authenticity. If a watch is fake it will either be using a generic movement or the craftsmanship will be lacking.
Other than that, check for any obvious tells in regards to the watches design. Make sure that logos are aligned and engraving and script is sharp. Additionally, you should make sure the serial number of the watch matches any documentation that is accompanying the watch.
Can you wear a Rolex everyday?
The quality of the watch is incredibly high and they are built to last. In saying that you will want to take good care of your Rolex. It will be hard to avoid eventually getting your watch scratched but many actually like this as over time it adds character to the watch. If you like the watch looking pristine then you can always get your watch polished, just be conscious that this is not always looked on fondly when it comes to resale.
If you aren't wearing you watch then keep your watch away from moisture and out of direct sunlight. The original box is always a good place to keep it safe.
If you are wearing your Rolex everyday it will eventually accumulate small scratches, dirt and oil. Every few months, take some time to clean your watch. Depending on how often you wear your Rolex and what activities will determine how often you need to do it. To clean your Rolex, just get some warm, soapy water. You can use a toothbrush to get in between the links and around the lugs to make sure the hard to reach spots are cleaned well.
What is the cheapest Rolex?
The Oyster Perpetual is the cheapest Rolex based on prices for new models. If however you are looking to purchase second hand then there are some other options, the model that likely offers the most value is a vintage Rolex Datejust 36mm. These range in price depending on what year it was made but you will likely be able to find something around $5,995.00 for a Rolex Datejust from there 1960s or 70s.
Second hand Rolex Melbourne
If you are looking to purchase a second hand Rolex in Melbourne there are plenty of options. If you search our marketplace you will find a huge range from all over Australia. You can filter by location to find watches in Melbourne. We list a huge range of Rolex watches from Melbourne's most reputable commercial dealers and popular Facebook groups.
Second hand Rolex Brisbane
If you would like to buy a Rolex in Brisbane there are less options than in the bigger cities however there is still a huge range of Rolex watches on our site that have been listed by commercial dealers as well as from private sellers. If you can't find exactly what you are looking for, you might want to consider purchasing a Rolex from somewhere else in Australia such as Melbourne or Sydney where there are more watches to choose from.