Rolex watches are high in demand among Hollywood celebrities, sportspersons, business tycoons and collectors. The brand is popular in the pre-owned market as well. The reason for this popularity is that Rolex timepieces are desirable and can hold their value. The value of some of the Limited Edition models even increases over time. Therefore, Rolex Watch Men are considered to have great investment potential. When you plan to invest in an iconic model, it is recommended to opt for watch appraisal services to know its true market value.
Watch Appraisal For Insurance
Being the owner of a coveted Rolex timepiece, the most important step you need to take is getting a watch appraisal for insurance. This will let you know its accurate value and also give you peace of mind.
An expert watch valuer has skills to determine the real worth of your valuable watch. He would assess the value based on various factors.
Prestige Valuations is a leading company that provides luxury watch appraisal services online. You can easily find out the worth of your investment from the comfort of your home.
Let’s find out which Rolex watches are good for investment:
Rolex Daytona
Rolex Daytona is a popular choice of collectors and investors as being a limited edition timepiece, it is a rare investment asset. Vintage special edition models are highly sought-after in the secondary market as only around 3000 such timepieces are in circulation around the world. Such models are earning whopping profits at auctions.
The iconic Daytona was crafted in 1963 for race car drivers. For the correct measurement of speed, the timepiece has a tachymeter scale on the bezel.
The Cosmograph Daytona, being the racing watch is synonymous with speed and high performance. The luxurious sports watch is a tribute by Rolex to the racing capital of America. It retains its value over time and hence a preferred investment watch.
The Cosmograph Daytona has an aesthetical appeal with three sub dials. The versatile timepiece is popular among sports enthusiasts and celebrities. This is one of the most important reasons why it maintains its value.
Racist, director and actor Paul Newman popularized this model. He used to flaunt Daytona watches during his car races and in movies. The brand has manufactured limited edition Paul Newman Daytonas featuring exotic ‘Paul Newman’ dials with a few different features.
In 2017, a Daytona was sold at the Phillips Auction at a whopping amount of $17.8. If you own a Rolex timepiece, get a watch appraisal for insurance done soon so that your investment stays safe.
Rolex Submariner
Another excellent watch for investment is the Submariner launched by Rolex in 1954. The iconic watch was flaunted by professional divers, military personnel and watch enthusiasts alike. Being a favourite timepiece of watch collectors and investors, its value is known to hold and at times even grow significantly over time on the secondary market.
The coveted sports watch features a sleek and sporty look and is water resistant. The durable timepiece is also popular for its in-house Calibre 3235 movement. The models that have been discontinued garner more interest from investors and collectors. The Hulk and the Kermit are two of the discontinued models of Submariner and are loved for their attention-grabbing green hue.
From the one Submariner ref to the next, the changes might be minute but watch enthusiasts love the upgrades. Fake watches are also available in the resale market and therefore it is crucial to seek the guidance of an expert watch valuer.
Rolex Day-Date
Another Rolex timepiece to consider for investment is the classic Day-Date dress watch. The watch became a stepping stone in the history of Rolex as it was the first waterproof watch with a chronometer to have both a date display and a date window. The day display spells out the weekday on the dial. It became the status symbol and today it is an ideal watch for investment.
Day-Date watches are crafted using 18K gold or platinum hence their resale value is higher. White gold watches are the most sought-after pieces which maintain their value. They garner attention from collectors and investors for their appealing aesthetics and functionality.
Rolex timepieces are known for their timeless designs and precision and hold their value over time. Limited edition models offer an excellent opportunity to add them to your investment portfolio and earn high returns. Watch appraisal services for insurance can be utilized to determine the correct market value of luxury timepieces.