When we think about when the right time to sell a Rolex is, we must consider that there are a lot of factors to consider when debating parting with an old watch. It is not just as simple as waking and up and thinking ‘boy, I’d like to sell this watch’ – no, you need to make a few key decisions, and this involves a bit of industry knowledge. Luckily for you, we’re happy to share this wisdom with you, so let’s look at what you need to know.
Understanding Value
Making a sale of any Rolex hinges around the idea of understanding value and how it can change with time. A car is a good example of this – as soon as you buy a car, it begins to depreciate, which means that 20 years after you purchase it, it won’t be worth as much as it was new. It is hard with most items to get a good resale value unless it is kept in mint condition and is exceedingly rare.
It is worth noting that a good Rolex is a rare item made by a company which has a bespoke brand, therefore the products produced by it are worth exceptional amounts of money for years to come. This is an example of a brand which increases in value with time, running contrary to the normal idea of depreciation.
It’s All Timing
Timing is everything when you’re trying to make a sale, and it is not difficult to see why this is the case. If you sell at the right time in a lot of instances you can make more money.
For example, Christmas is a good time to make a sale because it is the season where people spend more money on gifts and the collectors are looking for the last few pieces for their watch collections. This is a good time to sell a Rolex privately, but honestly, that invites a whole slew of issues.
Contrastingly, consider something like the typical private sale to a company. These happen all across the year, and they are not affected by things like peak sale times. You are going to get a good deal whenever you choose to make a sale, which means that you’re free to pick and choose what works for you – there’s a lot of freedom in terms of what you do.
Selling a Rolex
As we can see, there are no real time limits on when a person can sell a Rolex. It is an event which can be done at any point and it opens up a lot of opportunities. A Rolex is an item which will remain relevant for years to come so it makes total sense that the product itself would be highly valuable. It is easy to pick and choose when to sell in a way that works for you, especially when you consider there are companies who will buy a Rolex all year round.
