What is the current market price for watches A thorough explanation of the factors that make it possible to sell for a high price and the market price for Rolex that you're interested in
Buying price of watches
The market price for buying a watch varies depending on the type, brand, model, condition, age, etc. In general, luxury brand watches tend to have a higher market price, and if the watch is in good condition, you can expect a higher market price.
To find out the market price, you can check the market price at specialized watch buying stores, auction sites, online buying sites, etc. It is also helpful to check how much watches of the same model or brand have been sold for.
However, because the purchase price of a watch fluctuates depending on the market conditions and demand, the price at the time of checking the market price does not necessarily match the current price. Therefore, it is important to collect information from as many sources as possible and understand the purchase price of your watch.
What are the elements of a watch that sells for a high price?
There are many factors that make a watch sell for a high price, but here are some general factors:
- brand: If a luxury watch manufacturer has a high brand value, their watches may be highly valued. Generally, Swiss luxury watch manufacturers are highly valued.
- situation: The better the condition of the watch, the more valuable it is. A detailed inspection is required, in particular to see if it still has its original parts and if there are any signs of repairs or restorations.
- Limited productionWatches that are produced in limited quantities are often highly valued due to their rarity. For example, limited edition models released for special events or anniversaries.
- Historical Significance: Watches that have been owned by famous people in the past or are associated with important historical events are often highly valued for their historical value.
- design: If a watch has a beautiful and original design, it is likely to become more popular and therefore more valuable.
However, because the value of a watch is highly individual and depends on many factors beyond those mentioned above, we recommend having a professional appraisal done before selling any watch.
What is the buying price for a Rolex?
Rolex purchase prices vary greatly depending on the watch model, year, condition, market supply and demand, etc. Generally, popular models and limited edition models tend to fetch higher purchase prices.
Rolex is also a luxury brand, and due to its quality and reliability, it is popular in the second-hand market and is often traded at high prices.
If you want to know the exact market price, the most reliable way is to request an appraisal from an authorized Rolex dealer or a second-hand goods dealer. Researching market prices online may also be helpful, but be careful. Online information may differ from the actual market price, so it is important to choose a reliable source.
What Rolex brands sell for the highest prices?
Rolex is one of the leading luxury watch brands and is highly regarded by many people. However, the following Rolex brands are particularly highly priced:
- Daytona: One of the most popular Rolex models, it features a chronograph function for racing. In particular, the "Paul Newman Daytona," which was used by Paul Newman, is known to be traded at a high price.
- Submariner: A sports model specialized for underwater use, also known as a diver's watch. Early models and limited edition models in particular can be traded at high prices.
- GMT-Master: This model was developed for international pilots and is equipped with a GMT function that displays the time difference. Early models and limited edition models in particular can be traded at high prices.
- Explorer: This is a model for outdoor use, and is highly durable and waterproof. Early models and limited edition models in particular can fetch high prices.
- Day-Date: A model that displays the date and day of the week, and features a luxurious design. Models with luxurious decorations such as diamonds can fetch high prices.
In addition to these models, Rolex has many other high-end models, and prices are often determined by popularity and rarity.
Daytona
The purchase price of the luxury Rolex watch "Daytona" varies depending on various factors. The purchase price is influenced by the condition of the watch, the year, the model number, the presence or absence of accessories, and the market demand and supply. It may also vary depending on the purchaser.
However, in general, the Rolex Daytona is one of the more expensive watches, and is highly valued even in the second-hand market. The average purchase price can range from several million to several tens of million yen.
However, these are merely general market estimates, and the actual purchase price will vary depending on the condition of the watch and market conditions. If you are considering selling your watch, we recommend that you get quotes from multiple dealers and compare them.
Submariner
The purchase price of a Rolex Submariner varies depending on various factors such as year, condition, material, model, etc. However, since there is generally a high demand for them in the second-hand market, they tend to be purchased at relatively high prices.
Specifically, as of 2021, the average purchase price for a steel Rolex Submariner is as follows:
| Non-date model (Ref. 114060) | Approximately 600,000 to 900,000 yen |
|---|---|
| Date model (Ref. 116610) | Approximately 700,000 to 1,200,000 yen |
| Green bezel model (Ref. 116610LV) | Approximately 1 million to 1.5 million yen |
| Gold and steel model (Ref. 116613) | Approximately 2 million to 3 million yen |
However, these are only general guidelines, and the actual purchase price may vary depending on the time and the purchasing company. Also, the above prices are for used items, and the selling price may be higher for new items.
GMT-Master
The buying price of a Rolex GMT-Master varies depending on many factors, such as the year, model, condition, and the balance between supply and demand. In general, popular models and rare limited editions tend to be traded at higher prices.
As of March 2023, the average purchase price for a Rolex GMT Master tends to be as follows.
The average purchase price for a new, unused GMT-Master II with a 126710BLNR Jubilee bracelet is around 2.35 million yen, with the range varying from around 1.5 million yen to 6 million yen depending on the type and condition. However, special limited editions and rare models may be purchased at higher prices.
The buying price for a used GMT-Master varies greatly depending on the year and condition, but generally ranges from 1.5 million to 6 million yen. However, popular models, limited editions, and rare vintage models may sell for higher prices.
These are merely guidelines, and prices may fluctuate depending on market fluctuations, the balance of supply and demand, etc. Therefore, if you want to know the exact market price, we recommend that you ask a trusted Rolex buyer for an appraisal.
Explorer
The purchase price varies depending on many factors, such as the year, model, condition, and the balance of supply and demand. In general, popular models and rare limited editions tend to be traded at higher prices. As of March 2023, the purchase price of the Rolex Explorer tends to be as follows:
The average purchase price for a new, unused Explorer I is around 1.1 million yen for a new, unused 124270 model, but rare limited editions and special models may sell for higher prices.
The average purchase price of the Explorer II also shows a similar trend to some extent, but it is important to note that it varies depending on the model.
These are merely guidelines, and prices may fluctuate depending on market fluctuations, the balance of supply and demand, etc. Therefore, if you want to know the exact market price, we recommend that you ask a trusted Rolex buyer for an appraisal.
Day-Date
The Rolex Day-Date is a luxury watch, and the buying price varies depending on various factors. Below are the general price ranges.
Market price for buying Day-Date (second-hand)
| Platinum Model | Approximately 1 million yen or more |
|---|---|
| Gold Model | Approximately 500,000 yen or more |
| Stainless Steel Model | Approximately 200,000 yen or more |
However, the purchase price of a Day-Date varies depending on the time and region, the condition of the watch, whether or not it comes with accessories, etc., so if you want to know the exact price, we recommend getting it appraised by multiple buyers.
Ginza Axis is the place to go for luxury watch appraisals
Ginza Axis is a watch sales and purchase store in Ginza.
We handle a wide variety of watches from Japan and overseas, from famous brands to rare watches. We not only sell, but also buy.
From watches you no longer use to watches you have stored away unused! You can get a purchase appraisal through our official LINE, so if you're interested, please check it out!
We have also started purchasing high-end brand bags and jewelry.
We purchased the item immediately and the customer was very satisfied after comparing it with other stores!!
All of our staff are dedicated to ensuring your satisfaction, so please feel free to contact us.
