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 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:
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 โฌ7,500.
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.
SRQ Backlot