A Rolex is a symbol of luxury. Every fashion oriented person wishes to own one. But only a few can afford them due to their expensiveness. High-end watches like Rolex has a good resale value. But it depends on a number of factors. From the condition of the watches to the current demand in the market, the below factors often determine the Rolex Yachtmaster price UK.
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Years Used
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Apperance
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Scratches & Deeper Cuts
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Movement
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Bracelet
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Box & Warranty
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Current Demand
Factors Effecting Your Rolex Valuation
Unless the watch you are trying to evaluate is in new condition as per the baseline example then there are several other factors to consider in relation to the valuation you are trying to create. The major aspects that can be detrimental to value are: -
Watch Condition
Normal wear and tear is to be expected, but the following factors can have a significant impact on value:
Bracelet – is the bracelet still tight or does it suffer from ‘droop’. Does the clasp function properly?
Gouges – surface scratches will nearly always be present, and can be polished out, but are there any deeper cuts
Glass – are there any scratches on the glass, if so a new glass may be required.
Ceramic – the ceramic bezel is very difficult to tarnish, but if it has been it is very expensive to replace
Movement – how well is the engine running? Does it gain or lose time? What ‘feedback’ do you get from the crown when winding the watch.
The above issues will generally come with a cost to repair, which should be deducted from the baseline valuation.
rolex-oyster-warranty-box-papers
Box and Warranty Card (papers)
The impact on valuation of the watch being without box and papers is usually approximately £750, so this is a good baseline to use. The valuation would be impacted more for a new piece slightly less as the watch gets older. If the watch is less than 5 years old it will usually be supported by the remainder of the 5-year warranty, but if there is no warranty card then this is invalid.
Age
Much like driving a car off the dealer forecourt, the initial depreciation of a watch is greatest at the point of purchase from new. There will be depreciation year on year vs new price, but the valuation will however benefit if there has been a price increase since the watch was initially purchased when new (as our baseline for the valuation is the current retail price rather than the retail price at time of purchase). Market forces will ultimately dictate how much any individual model will depreciate over time, where the number of buyers in the market will dictate how much of a discount they would want to purchase a preowned watch, rather than a new.
