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HomeWatchesDiscover the best deals of the moment !

Discover the best deals of the moment !

The market for used luxury watches is booming, and prices for used Rolexes continue to fall. Now is a great time to buy a used sports Rolex, especially a newer model. We analyzed the data to help you find the best deals.

A market favorable to buyers

In 2024, the second-hand luxury watch market is stable and calm. Prices are falling and supply is plentiful, making it a true buyer's market. This is especially true for used Rolexes.

Although general market trends are clear, it is important to note that certain brands, models and specific SKUs may move against the tide. Here are some examples :

  • The Cartier Panthรจre saw its price increase by 19.51% in the first quarter of this year
  • The price of the Breitling Navitimer soared by 18%
  • The Rolex Submariner, GMT-Master and Explorer II at attractive prices

    Despite some notable exceptions, now is a great time to buy a used sports Rolex, whether vintage, neo-vintage or recent. Data from Chrono24's ChronoPulse index confirms this trend, with Rolex prices continuing to decline in recent months.

    Here are some particularly interesting models:

  • Five-digit Rolex Submariners (1980s-2000s) are highly prized for their style with their aluminum bezels
  • The Rolex Submariner 16610 (post-1984 with shiny dial, gold indexes and caliber 3135) saw its price fall by 3.84% over three months, with many examples selling well below โ‚ฌ10,000
  • The Rolex Submariner 124060 (version without current date released in 2020) saw its price drop by 6.58% over one year, with a drop of 5.25% in the last month alone
  • The once-rare Rolex Submariner โ€œHulkโ€ 116610 has seen its price plummet 3.73% over the past 30 days, from around โ‚ฌ26,000 during the pandemic to around โ‚ฌ17,000 today
  • Five-digit Rolex GMT-Master IIs, like the reference 16710 Pepsi, have seen their price drop by 1.14% over the last 30 days and by 3.57% over the year
  • The 40mm Rolex Explorer II 16570 with black dial saw its price increase by 3.89% over three months, while the 42mm version 226570 fell by 4.45% over the same period
  • Opportunities to seize on the Rolex Oyster Perpetual and Datejust

    The Rolex Oyster Perpetual 41 124300, very difficult to obtain during the pandemic, saw its price drop by 20.99%. You can now find one for around โ‚ฌ7,500.

    Conversely, the Rolex Datejust 36 reference 126234 has seen its price increase in recent months, perhaps indicating a growing preference for dress watches.

    Even the Daytona and Milgauss are seeing their prices drop

    Although steel Rolex Daytonas remain expensive (around double the retail price), the 2016 reference 116500LN saw its price drop by 5.27% over three months.

    Even the Rolex Milgauss 116400GV, although discontinued, saw its price drop by 7.56% over the same period. When prices of Daytonas and discontinued models drop, it's a clear sign of a buyer-friendly market.

    In summary, if you are looking for a used Rolex, now is the perfect time to get a good deal. Whether you are attracted to a vintage Submariner, a neo-vintage GMT-Master II or a recent Oyster Perpetual, you have a good chance of finding the watch of your dreams at a great price. Remember to do your research, choose an excellent model and check whether the model you are interested in has seen its price increase or decrease recently. With a little patience and insight, you could walk away with the Rolex of your dreams at an unbeatable price.

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