There’s never been a better time in history to sell your Rolex.
The universal law of supply and demand has driven pre-owned Rolex prices to record highs never seen before. There are two primary factors contributing equally to both the supply and demand of Rolex watches around the world. Below we discuss these two factors in more detail to shed light on why there has never been a better time to sell a Rolex watch to Dallas’s best Rolex buyer, Diamond Banc.
Factor 1 – Supply
Worldwide manufacturing delays resulting from the COVID pandemic have affected the output of many companies and Rolex is certainly not an exception. Delays in supply channels along with Rolex’s exacting production standards to create new watches, means Rolex has been producing far less new watches than there is global demand. If you currently visit just about any authorized Rolex dealer you’ll likely find the display cases nearly bare, especially if you’re looking for high demand stainless steel sports models. The bottom line is right now it can be very difficult to find a new version of many popular Rolex models for sale without having to be added to an unofficial waitlist.
Factor 2 – Demand
General demand for pre-owned luxury watches has been on the rise over the past several years. Industry reports have estimated that sales of second-hand luxury watches will reach approximately $30 billion by 2025, which would make it the quickest growing category in the luxury goods industry. This factor coupled with society’s embracement of online shopping and transparent Peer to Peer selling means consumers have more access to buy and sell pre-owned Rolex watches than ever before. This was virtually unheard of only a few short years ago. The ease of safe digital luxury watch buying, and selling has led to an explosion of online watch commerce. New distribution channels have proven to the world the liquid nature of Rolex watches and demonstrated the brand’s value retention, further increasing consumer appetite.
How much can you sell your Rolex for?
Like most luxury items, there are a number of factors that will affect your Rolex’s value on the secondary market. Most used watch values are independent of the timepieces’ original, or current, MSRP. As mentioned above, the pre-owned Rolex market is driven solely by the market laws of supply and demand. Currently, in many cases, a high-demand Rolex watch may be worth more than what the original purchaser paid for the timepiece. For example, if you have a used stainless steel Submariner, GMT-Master II, or Daytona, Diamond Banc can often pay you substantially more than what your watch originally retailed for. This again can be attributed to a relative shortage of these styles, and an overwhelming demand for stainless steel Rolex sport models. Many older Rolex models actually appreciate in value over time, depending on the watch’s condition, as the supply of older models is frequently more limited compared to newer models.
In most cases, all steel and two-tone Rolex watches (stainless steel & gold) have the best value retention and appreciation. In contrast, solid gold models tend to have lower value retention. White gold models often have the lowest levels of appreciation which many argue is due to the fact that white gold closely resembles the appearance of stainless steel. It is important to note that there are exceptions to each of these rules.
The best way to know the current market value of your Rolex watch is to contact a Diamond Banc Rolex expert with the specific details of your model. You can also utilize Diamond Banc’s Rolex Value Calculator that can instantly provide you with a quick estimate of your Rolex’s liquid value on the secondary market.
Diamond Banc allows clients to start the process of selling a Rolex in Dallas from the comfort of their home by completing a quick and simple online submission form. Once an online submission is completed, Diamond Banc’s team of experts will quickly get to work reviewing the details of the watch submitted to ensure every value-adding factor is taken into consideration so the highest possible price can be offered. Clients will then be contacted by a Diamond Banc team member and presented with an industry leading offer and all of the client options will be outlined in detail. If a client decides to proceed with accepting their offer in Dallas, they will have two options for completing the transaction.
Option 1: Secure Shipping
Diamond Banc will provide the client with a prepaid, fully insured FedEx shipping label and detailed packing instructions on how to safely package their Rolex to guarantee it will be safe and fully covered by Diamond Banc’s insurance while in transit. Click here for more details on Diamond Banc’s secure shipping process.
Option 2: In Person Verification
Diamond Banc has trusted Rolex experts in Dallas who can provide in person verification and authentication services on Diamond Banc’s behalf. This allows clients to complete their transaction on the spot without having to first ship their items to Diamond Banc’s headquarters in Columbia, MO. Diamond Banc’s team will schedule the client an appointment with the local Dallas Rolex expert at their earliest convenience so their watch can be inspected and verified. Once items have been evaluated by the Rolex expert in Dallas, transaction documents will be completed online via electronic signature and funds will be issued the same day via wire transfer. Client items are then securely packaged by the expert and shipped to Diamond Banc’s headquarters via fully insured FedEx overnight shipping.
Diamond Banc is the premier buyer of Rolex watches for the greater Dallas area. Our experts are fully immersed in all facets of the pre-owned Rolex market on a daily basis. This means we know exactly how valuable your Rolex is, and we will pay you accordingly! If you have interest in learning how much you can sell your Rolex for, complete one of our simple online forms to get the process started, or contact Diamond Banc today.