The pre-owned luxury watch market is booming, and pre-owned Rolex prices continue to drop. Now is a great time to buy a pre-owned sports Rolex, especially a recent model. Weโve crunched the data to help you find the best deals.
A buyer-friendly market
In 2024, the pre-owned luxury watch market is stable and calm. Prices are falling and supply is plentiful, making it a real buyer's market. This is especially true for pre-owned Rolexes.
Although the general market trends are clear, it is important to note that some specific brands, models and references may move against the current. Here are some examples:
Rolex Submariner, GMT-Master and Explorer II at attractive prices
With some notable exceptions, now is a great time to buy a pre-owned sports Rolex, whether vintage, neo-vintage, or recent. Data from Chrono24โs 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, which was very hard to get during the pandemic, has seen 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 has seen its price drop by 5.27% over three months.
Even the discontinued Rolex Milgauss 116400GV saw its price drop by 7.56% over the same period. When prices for Daytonas and discontinued models drop, it is a clear sign of a buyer's market.
In short, if youโre looking for a pre-owned Rolex, now is a great time to get a bargain. Whether youโre interested in a vintage Submariner, a neo-vintage GMT-Master II, or a recent Oyster Perpetual, youโre likely to find the watch of your dreams at a great price. Just remember to do your research, choose a great example, and check whether the model youโre 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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