The value of vintage Rolex watches continues its steady rise in recent years. Serious watch collectors await with eagle eyes to hunt for a 1960’s Rolex Daytona or a 1970’s Rolex Submariner with an original patina dial. Vintage watch fans typically try to boost their collection with rarer, unique models and, thus, are ready to pay the price.
However, the value of a vintage Rolex actually depends on several factors, including the demand at a given time. And the demand for vintage Rolexes is higher right now. So your old Rolex Submariner or Datejust that has been sitting in a drawer for years is likely to cost a small fortune.
Want to secure some fast cash? Get a loan against your Rolex today. Your vintage timepiece can fetch you a hefty price from any professional pawnbrokers in London or other big cities.
Let’s take a look at some of the significant factors that determine a vintage Rolex’s value.
People generally consider watches that debuted at least 30 years ago as vintage – between the 1950s and the 1980s or so. The Rolex timepieces from this period, particularly the stainless steel ones, are making historical price records.
For instance, the Rolex Daytona with the moniker ‘The Paul Newman’ sold for nearly £13,014,990. This Daytona was the actual timepiece of the famous actor and racer Paul Newman.
However, following this record-breaking auction sale, the timepieces from this period also became highly coveted.
Rolex had produced many watches between the 1950s and the 1980s. However, many models are in the collection, but you will very rarely find them selling again; others have not survived.
Moreover, some vintage Rolex references still serve as an everyday companion for many people, like an elegant old beater. While the demand for vintage Rolexes is at its peak today, it has significantly surpassed the supply.
Keep in mind –
High demand but low supply will signify the best value of your vintage Rolex.
When it is about a vintage timepiece, wear and tear do not necessarily influence the value. Unlike recent watches, some characteristics of wear and tear are acceptable in vintage models. In fact, a few features like tropical dial and bezel increase the watch’s value.
Take a look at some of the characteristics that collectors or buyers will consider when determining the value:
- Original watch parts
Many people believe that overhauling their old timepiece with new parts will increase its value. But they are mistaken. Vintage watch collectors crave the models with all original parts. Thus, if your timepiece retains its original bezel, dial, bracelet or movement, its value will automatically increase.
Vintage Rolex models with updated dials, bezels or movements will be indeed still valuable. But you cannot expect to receive the same price as the ones with all original parts.
- Coveted Flaws
Watch novices might be surprised to know that manufacturing defects are even a point of interest for serious watch collectors. Defects or flaws like a misprint on the dial are rare, especially for a leading manufacturer like Rolex.
- Tropical Dial
Tropical dial refers to the sun-faded orange or brown coloured dials on vintage Rolex watches. Interestingly, people once considered it as an undesirable imperfection, but now it is highly collectable.
However, every dial is unique as it fades in its own way. Dials of modern timepieces do not undergo sun-fading. Thus, you will find tropical dials only in the models that debuted before the 1980s. Eventually, these vintage Rolex models are rarer and usually expensive find.
- Other Damages
Minor marks and scratches will not impact a vintage watch’s value. However, significant damages like broken hands, crystals or dial markers, and water damage, can cause a substantial cutback on the resale value you will receive.
The Market for Vintage Rolex Watches is Booming
If you own a vintage Rolex and want access to some cash immediately, the best thing you can do is to pawn Rolex. Get in touch with The Luxury Hut pawn shop Rolex in London and receive the highest possible cash loan offer for your vintage timepiece instantly. Our more than 40 years of combined experience allow us to understand the nuances of the watch market and the value of any Rolex, vintage or contemporary.
We offer the highest possible amount of credit loan against Rolex watches that customers want to pawn with us. And upon acceptance of our offer, we pay on the spot without any obligation or credit check.
Fill in our online form or call 0207 242 9160 today for an instant free quote for a loan against your Rolex.