If I Was Going to Buy a Rolex
Hi all,
If I was going to buy a Rolex, which one should I buy to retain value?
I want to buy one of the more subtle models, like the datejust or perpetual and keep it under $7,500. Would love tips and recommendations on which series might be a good buy and where to get it from (which websites you find the most reliable) or if I should buy from Rolex themselves.
thank you!
Datejust holds value but it's very common nowadays. I would aim for spending a little more for a watch that would also inflate in price later on.
which watches do you think will inflate?
subs hold their value over all others
Most Rolex models will hold their value, so focus on getting what you want. A datejust is great and will be in the price range that you threw out there. Submariners are pretty common but there is always a market for them and you can find one in that range. The coveted models like a GMT (Batman or Pepsi) or Daytona are the ones that hold value the best and often increase but they are going to cost a lot more initially.
I suggest going to a Rolex boutique and trying on some watches, seeing what looks good on your wrist. Buy a watch to enjoy wearing it and have a nice timepiece; if those aren't your reasons, I recommend putting that money into something else.
follow up question: what color watch face do you prefer? if I get black for example is that weird to wear with let’s say a blue sweater? not sure if I’m overthinking it
personally I was thinking of getting a white face with Roman numerals (seemed a bit classier to me, and I like the classics)
Blue face with sticks for me. Can be casual or dressed up easily.
roman numerals dont have the lume effect so no glow in dark
Finding a quality/high-demand stainless steel Rolex will be really tough right now. They were already sold out everywhere and Rolex hasn't made any watches in the past few months due to Covid. Also, you can negotiate on some of the more available pieces. In 2016 I talked my dealer down $1000 on the 116110LN (got it for $7k I think?).
Have you considered the Rolex Explorer I? It is one of the most subtle steel sports watches they currently offer. The 2020 model is offered in 39mm, but you could pick up one of the earlier versions in the 36mm if that suits you better. The watch holds value.
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