What are the factors that determine a watch’s resale? Is it a brand’s compelling legacy or craftsmanship? Or does the value depend on the technicalities or inner workings?
Perhaps it depends on the materials, precious metals and the addition of diamonds. Or maybe the price fluctuates according to the number of celebrities or iconic personalities associate with a particular watch. However, the fact is –
A watch’s value is determined considering all the above factors. Watch experts always remain keen-eyed to track each minute change in price. Watches from leading giants like Rolex, Patek Philippe and Omega tend to retain higher resale value in the pre-owned market than others.
Continue reading below to explore the top five watches that hold the best resale value.
The Daytona is among the most iconic and coveted Rolex collection in the luxury watch industry. In 1963, Rolex introduced the Daytona as Reference 6239. Thanks to the tachymeter bezel, race car drivers could now easily measure their car speed per hour and production rates.
The Daytona Reference 6239 braced the wrists of the iconic racer and actor Paul Newman. However, many people began referring to Reference 6241 as the “Paul Newman” Daytona. This watch was one of the first models to feature exotic dials, and Newman was seen strapping one in a picture.
Today, watch collectors and fans consider this timepiece as the Holy Grail. Some of the Daytona timepieces having the highest resale value also include Reference 16520 and Reference 116506.
The Patek Philippe Aquanaut made its debut in 1997 and attracted young, sportier collectors. The first Aquanaut model was Reference 5060A featuring a rounded octagonal 35.6mm case. Moreover, the watch could accompany you underwater up to a depth of 120m.
The Aquanaut features a black guilloche dial and saltwater, bacteria and UV-resistant “tropical” strap. However, some popular models with high resale value include Reference 5167A-001/5167A and Reference 4960.
Another iconic collection from Rolex is the GMT-Master II. Rolex designed and produced the GMT-Master to meet the needs of Pan American World Airways. In 1954, the GMT-Master Reference 6542 made its debut as part of Rolex’s professional collection.
Rolex released the GMT-Master Reference 1675 in 1959. Interestingly, it was the first model to have the words “Superlative Chronometer Officially Certified” engraved on the dial. Later in 1983, the Reference 16760 debuted with a rotatable bezel. It tracked the time of a third-time zone.
Some noteworthy GMT-Master II models include the blue-&-red bezel “Pepsi”, black-&-red bezel “Coke”, gold-&-brown “Root Beer” and blue-&-black “Batman”. These are some of the most coveted Rolex models with the highest resale value.
Omega released the Seamaster 300 “Spectre” to celebrate the brand’s collaboration with the James Bond franchise. This 20th anniversary Seamaster debuted as a limited edition timepiece, pairing the popular Bond NATO strap. The watch also featured a black bi-directional bezel and a “lollipop” seconds hand.
Daniel Crag strapped the Seamaster “Spectre” in the movie Spectre that hit the theatres in 2015. This particular Omega watch is popular and highly coveted among watch collectors and James Bond fans alike.
The iconic Rolex Submariner needs no introduction – another cornerstone collection that elevated the standards of luxury watchmaking. Rolex released two Submariner watches in 1954 – Reference 6204 and Reference 6205. They were the first watches with acclaimed water-resistant ability up to 100m.
Over the years, Rolex has upgraded the collection adding Cyclops lens, bi-metal versions and improving water resistance to 300m. However, Submariner’s appearance in James Bond films has also significantly contributed to the watch’s desirability.
Do you own a Rolex Submariner and want to raise some fast cash? Get in touch with The Luxury Hut pawnshop in London now and secure a loan against your watch right away.
Whether it is a vintage Sub or a contemporary model, you are likely to secure the highest credit amount for your watch. Fill in our online form with all the details of your Rolex watch. We will contact you immediately with a competitive quote.
For any enquiries on how our loan process works, call on 0207 242 9160 now.