Regardless of whether we are talking about a historical model or a new one,we all expect our latestpurchase to packa number of new features or developments, refinements that grant that our latest and greatest piece is truly that, withadvancements in terms ofdesign, comfort, reliability oraccuracy. Since 2019, we've been using tech to change how the world thinks about watches. The most desirable model of the 116520 is the black dial from approximately 2012 to 2013 onwards where Rolex improved on the bracelet construction of the watch and fitted the watch with the newer style ceramic pin bracelet we see on the 116500LN. On the charts, we have marked in black the respective retail prices for each year, while in red we indicate how the price of each watch would have changed over the years had Rolex raised prices only to counter the effects of monetary inflation. Overall, the goal of this article is not to promote watches as investments but rather to showcase that the whole narrative surrounding the watch market crash is really not based on reality. Rolex is a Swiss watch brand founded in 1905. dollars)." The movement of this watch has a power reserve of 72h. Not unlike the 6542 the watch is available both on a jubilee and oyster bracelet, although it was originally released on a jubilee bracelet in 2018 and became additionally available on an oyster bracelet in 2021. WebRolex watches typically sell for between $1,547 - $230,891. This model was released at Baselworld in 2016 alongside the new ceramic bezel reference 116500LN Daytonas which inevitably took all the shine away from the 116508. In this post, we take a look at the history of Rolex price appreciation, and present some current models available near or below retail price. These days, the Rolex brand has become synonymous with long dealer waitlists and aftermarket markups. When determining your watches market value, it is important to know the official Rolex year of production. Type above and press Enter to search. This simply showcases the overall strength and popularity of this model overall. An inflation calculator is posted here to see how a Rolex purchased in the past would cost in current dollars. While the blue dial 116509 Daytona did also witness a certain rise to fame, it was nothing compared to the green dial 116508 Daytona. Vintage Daytonas come in many references, variations, and styles each of which has its own merits for collectability in the minds of vintage Rolex fans. You need at least a Starter Account to use this feature. By contrast, todays Submariner, the tool-watch of yesteryear, has transformed intoan internationally recognized status symbol, consequently becoming one of the most widely imitated watch designs of them all. Global brand value of Rolex from 2016 to 2022. Therefore, it really became an aspirational watch for collectors and was heralded as a grail of sorts in the steel Rolex model range. Ive always felt the 116520 has always been a little undervalued and overlooked compared to the now slightly more popular Zenith Daytonas. 1 .Engraved between the lugs on the side of the case at the 6 o'clock, behind the bracelet. Audemars Piguet Will Replace Stolen Watches for Free!? The movement of this watch has a power reserve of 48h. Thismeans that one could say the no-date Rolex Submariner costs six times more than it should. Things are not that straight-forward, however. What is the Price of a Vacheron Constantin Overseas? Other popular collections include the Submariner, Daytona, and GMT-Master . WebFigure 1. Prices can increase or decrease depending on the watch's condition and whether or not it comes with its accessories. | Ref. To show you this growth, we will share with you a pricing chart based on the actual sale prices of 5 of the most popular Rolex models on the market to showcase that not only are these models a great store of value but also a great potential investment vehicle if that is what someone is seeking them to be. Engraved on the inside flange/rehaut (inner bezel) between the dial and the sapphire crystal at the 6 o'clock position. Since 2019, we've been using tech to change how the world thinks about watches. WebRolex watches typically sell for between $1,547 - $230,891. The asterisk indicate low estimates due to missing values. WebOur tool compares your watch with over 500.000 other listings from around the world to determine its estimated market value, including an average price and a price range. In 1931, Rolex Invented And Patented A Self-Winding Mechanism With A Free Rotor, Called The Perpetual Rotor Seen Here Is The First Rolex Perpetual Chronometer Movement. 1 .Engraved between the lugs on the side of the case at the 6 o'clock, behind the bracelet. Our research tools and insights empower collectors by bringing an unprecedented level of transparency to the watch market. the 116618 in yellow gold retailed for $34,250 a whopping increase of 48% over the course of just six years! Roman Sharf: How I Started Dealing Watches and Built Luxury Bazaar, Vacheron Constantin Overseas Perpetual Calendar Ultra-Thin 4300V/000R-B064, Rolex Day-Date 40 Diamond Meteorite White Gold 228349RBR-0040, Audemars Piguet Royal Oak Concept Tourbillon Chronograph Titanium 26587TI.OO.D031CA.01, AUDEMARS PIGUET MILLENARY TRADITION DEXCELLENCE CABINET WATCH 26066PT.OO.D028CR.01, AUDEMARS PIGUET ROYAL OAK OFFSHORE END OF DAYS WATCH, BIG BOSS Watches: 5 Must Have Watches Every SERIOUS Collector Needs, EXPOSED! The results you see labeled above every column range from around 6.7up to 14. The references do change over time - see the full list via the link [ 1]. WebWith a real-time Rolex value calculator & estimator, Diamond Banc's free tool helps you calculate your Rolex's current liquid market value. This is definitely normal considering this watch was already trading at twice its retail price so the fact it didnt drop in average market price is quite surprising. The movement of this watch has a power reserve of 48h. Why did this happen? WebOur tool compares your watch with over 500.000 other listings from around the world to determine its estimated market value, including an average price and a price range. In terms of price, the Rolex GMT Master II 126710BLRO Pepsi was the most collectible and most expensive steel GMT watch until Rolex released the reference 126720VTNR Destro or Left-Handed GMT earlier this year. In 2018 and 2019 the value of the Submariner Hulk absolutely took off. In the long run, whether your watch goes up or down in value will be irrelevant because you will actually get to enjoy your watches and wear what you like without worrying about their future value. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. So not only do you get to wear a badass watch that has been spotted on the wrist of some of the biggest celebrities in the world, but also get a watch that has proven to be quite a lucrative alternative asset. My TOP 5 Rolex GMT Master II ALTERNATIVES! It is the certified first money watch and without a doubt, Rolex watches are some of the most recognizable watch models. But, letsput that aside for a minute and concentrate on the point that is to be made here: when considering theaverage US income, the Rolex Submariner has become three times less affordable since the 1970s and that is tangible, factual prooffor a high-end watch gradually becominga luxury item. Save my name, email, and website in this browser for the next time I comment. A modelwe found to be most suiting for those purposes is the Rolex Submariner. So for the Hulk to have increased in value by so much after having been produced already for 7 years at that point is a huge result. The REAL Prices of Patek Philippe & Audemars Piguet (based on actual sales), The 5 Best YouTube Channels for Luxury Watch Enthusiasts, The Most Expensive Rolex Watches Ever Sold: Listed By Model, 9 Famous Movie Watches and the Stories Behind Them, We asked ChatGPT to Personify Watches and the Answers are AWESOME, Patek Philippe Watches Prices: Historical and Current From Actual Sales Numbers, Audemars Piguet Watch Prices: Historical and Current From Actual Sales Numbers, Rolex GMT Master II 126710BLRO The Pepsi. So not only do you get to wear a badass watch that has been spotted on the wrist of some of the biggest celebrities in the world, but also get a watch that has proven to be quite a lucrative alternative asset. To commemorate the 50th anniversary of the release of the Submariner in 1953, Rolex introduced in 2003 the reference 16610LV better known as the Kermit. In 2016, the watch had an average market price of approximately $23,000 which was well below its retail price. WebTherefore, if the serial number of your Rolex is between 100,000 and 999,999, you need to take it to an authorized dealer to have them date the exact year of your watch. In 2016, Rolex Hulk watches were widely available in most Rolex Authorized Dealers and had an average market price of approximately $7,200. The Rolex Market Index is an indicator of the financial performance of Rolex watches on the secondhand market. So for our third, and last scrutinized model we will actually incorporate historical base material prices in our calculations so read on to learn about the Rolex Submariner in18k gold. It really created a perfect storm to take this watchs value into the stratosphere. WebCollection Description. The Batman and Pepsi always traded similarly in terms of price trends over time with the Pepsi consistently carrying a premium of a few thousand dollars over the Batman. We are not financial advisors and are not providing financial advice or suggesting you should invest in watches but rather seeking to share our watch market knowledge that Luxury Bazaar has accumulated from buying, selling, and trading luxury watches over the last 20 years. As youd expect, with the watch market and watch prices exploding in 2021 and 2022, the Rolex GMT Master II Pepsi was one of those models at the forefront of the hype rally. This is one of the few Rolex watches that has never traded below its retail price since it was released. Get quick analyses with our professional research service. See Whats Inside! WebDepending on the year of your Rolex model, you can locate the serial number in one of two locations. [Online]. In its early years, this was really a neglected model. Introduced in 2016 the Rolex Daytona 116500LN has become what can only be described as a modern classic. At the time of its release wed never seen such a vibrant steel submariner. Released in 2000 this was a long-running reference that spanned all the way until the release of the modern ceramic Daytonas in 2016. According to our data, its definitely easier to find deals on this model below retail. By contrast, in 2012 when the average per capita income in the United States was $42,693 and the same model cost$7,500, the average US yearly wage boughtyou only 5.65 no-date Submariners. In 2016, the year this watch was released, the Panda Daytona carried an average market price of approximately $15,000. The references do change over time - see the full list via the link [ 1]. Here is a recap: before the new products introduction in March 2022, the price list increase was in the 2.5% to 12% range, becoming effective in January 2022. A Reset in 1954 Its worth noting that in 1954 Rolex production reached 1,000,000 total units. statistic alerts) please log in with your personal account. Contrary to the 116500LN Ceramic Daytonas, the 116520 Daytona was far more popular in the black dial than it was the white dial the black dial being the model used in this analysis. The Zenith Daytona was made from 1988 until 2000 when Rolex released the reference 116520 which was the first time a Rolex Daytona housed an in-house movement more to come on the Rolex Daytona 116520 later in this article. Probably the most beloved Rolex watch in its modern catalog of offerings, it is the closest looking Daytona to an exotic dial Paul Newman Daytona which I think definitely adds to its overall desirability. When the watch was first spotted on John Mayers wrist and as collectors started to take notice of this model not to mention the incredible result of Paul Newmans Daytona auction at the end of 2017 the 116508 John Mayer experience a very significant surge in price to an average market price of approximately $29,000 which was an increase in the market price of nearly 20% overall. How Im Going to Spend a BILLION at Sothebys Auction! In this post, we take a look at the history of Rolex price appreciation, and present some current models available near or below retail price. Despite this price dip and the overall dip in the market, the Rolex GMT Master II Pepsi 126710BLRO watch still experienced an average annual return of approximately 12.3% over 5 years. The Rolex Factory may not offer an official Rolex value database list that features production dates, however the chart below includes all serial numbers In 2022, the Rolex brand was valued at approximately 8.35 billion U.S. dollars. Despite the overall dip in the market, the Rolex Daytona 116520 still experienced an average annual return of approximately 12% over 7 years. That same trend widely applies for the luxury watch industry as a whole.Since the dawn of the new millennium most high-end brands have gone out of their way to emphasize the importance of in-house movementsas they realized the potential in howthis positivelyseparates them from their non-manufacture counterparts. The insane rise in the price of this model is nothing short of mind-blowing and can really mainly be attributed to John Mayers influence. The Panda Daytona is one of the most beloved Rolex models on the market and has been featured on the worlds biggest actors, celebrities, athletes, etc. While the grape dial might not be everyones thing, it doesnt appear that this dial variation trades for significantly less than the others. WebFind out the exact production date of your Rolex. In terms of price, the 116520 has been a steady and consistent stable riser over time, even for a Rolex. It wasnt until 1964 when the first Rolex chronograph was branded with the word Daytona first just under the Cosmograph name and later just above the 6 oclock subdial where it has been in every Daytona reference since then. The private sales market and a good dose of patience is your best bet to finding the best deal possible. The movement of this watch has a power reserve of 48h. WATCH GIVEAWAY: Holgar Beige & Gold Sport Automatic 44mm. However, I believe this article shows that over a longer period of time with more data points and basing ourselves on actual sale prices of these models, watch prices trade in cyclical flows, not unlike other assets, and the so-called watch market crash is nothing more than a cyclical price correction. After it was discontinued the Hulk saw a huge surge in price achieving an average market price of approximately $25,000 representing an increase of nearly 38% compared to the previous year. WebFind out the exact production date of your Rolex. I Spent $1,500,000 on a Watch MYSTERY BOX! The strong run-up in this watchs price can really be attributed to the two aforementioned reasons and this model has held pretty stable in price overall whereas a brand new Rolex Daytona 116500LN Panda will cost approximately $33,000 in the current market. The original 6542 featured a bakelite bezel with a blue and red color scheme which has now been nicknamed The Pepsi with an oyster bracelet. The current market price of the 126710BLRO sits at about the $19,000 to $20,000 range, which is still more than double its retail price. Its important to note this was not the first steel Submariner that featured a green bezel before. The 6542 was not only capable of tracking two time zones but actually one could track a third time zone by using the watchs 24-hour bezel. Press Esc to cancel. The index shows the average market price (in USD) of these 30 watches over time. A Reset in 1954 Its worth noting that in 1954 Rolex production reached 1,000,000 total units. The watch features a lot of the same design cues as the original 6542 such as the bicolored pepsi bezel the modern one being in ceramic, same red painted GMT hand, same cyclops lens magnifying the date, similar black dial the modern one being a lacquer dial vs the matte dials of old and the ability to track 3 timezones if needed. To show you just that, wecreated the following chart illustrating howthe affordability of the Rolex Submariner no-date, one of the key models of Rolex, has changed in the United States, between1957 and2012. The Day-Date is a collection in the Rolex brand. Available: https://www.statista.com/statistics/980735/rolex-brand-value-worldwide/, Brand value of Rolex worldwide from 2016 to 2022, Immediate access to statistics, forecasts & reports, Revenue of the luxury watches & jewelry industry Worldwide 2015-2028, Revenue of the luxury watches & jewelry industry in Central & Western Europe 2014-2027, Revenue of luxury watches and jewelry in Asia-Pacific region 2022, by country, Second-hand luxury watches market revenue worldwide 2017-2027, Luxury fashion sales growth forecast worldwide 2022, by region, Average luxury apparel and accessory company M&A deal value worldwide 2016-2021, Watches and clocks: import value worldwide 2003-2021, Watches and clocks: export value worldwide 2003-2021, Leading watch importing countries worldwide 2022, Watch market: leading exporting regions worldwide 2021, Global watch market: main export countries based on number of units 2019-2022, Swiss watch exports by country from 2015 to 2022, Swiss watches - total units exported worldwide from 2016 to 2022, by material, Global export value of electronic and mechanical Swiss watches 2000-2022, Global brand value of Rolex from 2016 to 2022, Leading watch brands based on return on investment value 2021, Revenues of the Swatch Group worldwide 2003-2022, Revenue share of the Swatch Group in 2022, by segment, Total sales of the Richemont Group worldwide 2008-2023, U.S. consumer expenditure on jewelry and valuables 2018-2021, by category, Leading watch brands among shoppers Great Britain 2022, Leading luxury watch and jewelry brands on Weibo in China Q3 2022, Luxury watches purchasing frequency in North America Q4 2020 - Q3 2022, Luxury watches purchasing frequency in Europe Q4 2020 - Q3 2022, Luxury watches purchasing frequency by age in Europe Q3 2022, Luxury watches purchasing frequency by age in North America Q3 2022, Global brand value of Cartier from 2016 to 2022, Global brand value of Chanel from 2017 to 2022, Global brand value of Louis Vuitton from 2016 to 2022, Global brand value of Dior from 2016 to 2022, Global brand value of Herms from 2010 to 2021, Global brand value of Gucci from 2016 to 2022, Global brand value of Tiffany & Co. from 2010 to 2022, Global brand value of H&M from 2016 to 2022, Global brand value of Zara from 2016 to 2022, Global brand value of Uniqlo from 2016 to 2022, Global brand value comparison of Nike and adidas from 2010 to 2022, Global brand value of Nike from 2016 to 2022, Global brand value comparison of H&M and Zara from 2010 to 2022, Global brand value of Gillette from 2016 to 2023, Global brand value of Nivea from 2016 to 2023, Total sales value of Rolex Espaa S.A. 2012-2020, Number of employees of Rolex Espaa S.A. 2010-2021, Industry revenue of knit fabric mills in California 2012-2024, Mot Hennessy Louis Vuitton (LVMH Group), Brand value of Rolex worldwide from 2016 to 2022 (in million U.S. dollars), Find your information in our database containing over 20,000 reports.