Greetings to all the watch enthusiasts and collectors out there! Today, we are going to talk about one of the most popular and sought-after watches in the world – the Rolex Submariner. We are going to dive deep into the second-hand market for this iconic timepiece and discuss its pricing, advantages, disadvantages, and everything in between. So, let’s get started!
Introduction
The History of the Rolex Submariner
The Rolex Submariner was introduced to the market in 1953 and was designed specifically for divers. It quickly gained popularity not just for its functionality, but for its aesthetics and durability as well. Today, it is one of the most recognizable and iconic watches in the world.
Why Buy Second Hand?
Buying a second-hand Rolex Submariner is a popular choice for many reasons. Firstly, it is more affordable than buying a brand new one. Secondly, depending on the year and model, some second-hand Submariners could have appreciated in value, making it a wise investment. Lastly, some collectors prefer the vintage look and feel of older Submariners.
Factors Affecting the Second Hand Price
Several factors can affect the price of a second-hand Rolex Submariner, such as the year of production, the rarity of the model, the condition of the watch, and the presence of original documents and accessories.
Where to Buy Second Hand Rolex Submariner?
There are several places to buy second-hand Rolex Submariner watches, such as online marketplaces like eBay and Chrono24, auction houses, and authorized dealers. However, it is essential to do your research and buy from a reputable seller to ensure the authenticity of the watch.
How to Spot a Fake Rolex Submariner?
Unfortunately, fake Rolex Submariners are prevalent in the market, and it can be challenging to spot them. However, some telltale signs of a fake Rolex Submariner include incorrect spelling, uneven fonts, and incorrect coloration on the dial and hands. It is recommended to take the watch to an authorized Rolex dealer for authentication.
Legal and Ethical Considerations
It is important to note that buying and selling fake Rolex Submariners is illegal and unethical. It not only harms the brand’s reputation but also supports criminal activities. Therefore, it is crucial only to buy and sell authentic Rolex Submariners.
The Future of the Second Hand Market
The second-hand market for Rolex Submariners is expected to continue to grow, especially with the increasing interest in vintage watches. However, as more and more fake watches flood the market, it is crucial to be vigilant and ensure that the watch you are buying is authentic.
Rolex Submariner Second Hand Price
The Average Price of a Second Hand Rolex Submariner
The second-hand price of a Rolex Submariner varies depending on several factors. However, on average, a second-hand Rolex Submariner can range from $6,000 to $20,000, depending on the model, condition, and availability.
The Most Expensive Second Hand Rolex Submariner
The most expensive second-hand Rolex Submariner ever sold is the Rolex Submariner reference 6200, which sold for $1,068,500 at an auction in 2018. The watch was produced in 1954 and is one of the rarest Submariners in existence.
The Best Value for Money Second Hand Rolex Submariner
The best value for money second-hand Rolex Submariner is subjective and depends on personal preference. However, some popular models that offer excellent value for money are the Rolex Submariner reference 14060, 16610, and 114060.
The Role of Rarity in Second Hand Rolex Submariner Pricing
The rarity of a Rolex Submariner plays a significant role in its second-hand pricing. For example, a vintage Submariner with a rare dial or bezel could fetch a higher price than a newer model with a standard design. Similarly, limited edition or discontinued models could also appreciate in value over time.
The Impact of Condition on Second Hand Rolex Submariner Pricing
The condition of a Rolex Submariner is one of the most critical factors in determining its second-hand pricing. A well-maintained and serviced watch with all its original parts and documents will fetch a higher price than a watch with signs of wear and tear or replacement parts.
The Role of Accessories in Second Hand Rolex Submariner Pricing
The presence of original documents and accessories, such as the box and papers, can also impact the second-hand pricing of a Rolex Submariner. A watch with all its original accessories will generally fetch a higher price than a watch without them.
Second Hand Rolex Submariner Prices by Year
| Year | Average Price |
| 1950s | $10,000 – $50,000 |
| 1960s | $15,000 – $80,000 |
| 1970s | $20,000 – $100,000 |
| 1980s | $30,000 – $150,000 |
| 1990s | $40,000 – $200,000 |
| 2000s | $50,000 – $250,000 |
| 2010s | $60,000 – $300,000 |
Advantages and Disadvantages of Buying Second Hand Rolex Submariner
Advantages
1. Affordability: Buying a second-hand Rolex Submariner is more affordable than buying a brand new one.
2. Value Appreciation: Depending on the model and year, some second-hand Rolex Submariners could appreciate in value, making it a wise investment.
3. Vintage Look: Some collectors prefer the vintage look and feel of older Rolex Submariners.
4. Availability: Second-hand Rolex Submariners are more widely available than new ones, especially for discontinued models.
5. Legacy: Owning a vintage Rolex Submariner is not only a status symbol but also a piece of history.
Disadvantages
1. Risk of Fake Watches: The second-hand market for Rolex Submariners is flooded with fake watches, making it challenging to spot authentic ones.
2. Risk of Fraudulent Sellers: Buying from an untrustworthy seller could result in buying a stolen or counterfeit watch.
3. Condition: Second-hand Rolex Submariners may have signs of wear and tear, reducing their value and aesthetic appeal.
4. Lack of Warranty: Buying a second-hand Rolex Submariner means that you will not have a warranty or guarantee from the manufacturer.
5. Availability: Some rare or highly sought-after models may not be available in the second-hand market.
Frequently Asked Questions about Rolex Submariner Second Hand Price
1. What is the average price of a second-hand Rolex Submariner?
The average price of a second-hand Rolex Submariner can range from $6,000 to $20,000, depending on the model, condition, and availability.
2. What is the most expensive second-hand Rolex Submariner ever sold?
The most expensive second-hand Rolex Submariner ever sold is the Rolex Submariner reference 6200, which sold for $1,068,500 at an auction in 2018.
3. What is the best value for money second-hand Rolex Submariner?
The best value for money second-hand Rolex Submariner is subjective and depends on personal preference. However, some popular models that offer excellent value for money are the Rolex Submariner reference 14060, 16610, and 114060.
4. Why are some second-hand Rolex Submariners more expensive than others?
Several factors can affect the second-hand pricing of a Rolex Submariner, such as rarity, condition, original documents and accessories, and the year and model.
5. How do I ensure that the second-hand Rolex Submariner I am buying is authentic?
It is recommended to buy from a reputable seller and take the watch to an authorized Rolex dealer for authentication.
6. Can I negotiate the price of a second-hand Rolex Submariner?
Yes, you can negotiate the price of a second-hand Rolex Submariner. However, it is recommended to negotiate based on market prices and not lowball the seller.
7. Is it legal to buy and sell fake Rolex Submariners?
No, it is illegal and unethical to buy and sell fake Rolex Submariners. It harms the brand’s reputation and supports criminal activities.
8. What is the impact of condition on the second-hand price of a Rolex Submariner?
The condition of a Rolex Submariner is one of the most critical factors in determining its second-hand pricing. A well-maintained and serviced watch with all its original parts and documents will fetch a higher price than a watch with signs of wear and tear or replacement parts.
9. Can I buy a second-hand Rolex Submariner from an authorized dealer?
Yes, some authorized Rolex dealers also sell second-hand Rolex Submariners.
10. What is the role of rarity in second-hand Rolex Submariner pricing?
The rarity of a Rolex Submariner plays a significant role in its second-hand pricing. For example, a vintage Submariner with a rare dial or bezel could fetch a higher price than a newer model with a standard design.
11. Can I finance a second-hand Rolex Submariner?
Yes, some dealers offer financing options for second-hand Rolex Submariners.
12. What is the future of the second-hand market for Rolex Submariners?
The second-hand market for Rolex Submariners is expected to continue growing, especially with the increasing interest in vintage watches.
13. What is the impact of accessories on the second-hand price of a Rolex Submariner?
The presence of original documents and accessories, such as the box and papers, can also impact the second-hand pricing of a Rolex Submariner. A watch with all its original accessories will generally fetch a higher price than a watch without them.
Conclusion
We hope this article has provided you with valuable insights and information about the second-hand market for Rolex Submariners. It is essential to do your research and buy from a reputable seller to ensure the authenticity of the watch. Buying a second-hand Rolex Submariner is a wise investment and an excellent way to own a piece of history. However, it is crucial to be vigilant and ensure that you are buying an authentic watch.
If you are looking to buy a second-hand Rolex Submariner, we recommend that you consider your budget, preferences, and purpose. Select a model and condition that suits your needs, and always negotiate based on market prices. Good luck with your Rolex Submariner search!
Closing Disclaimer
The opinions and views expressed in this article are solely those of the author and do not reflect the views of Rolex or any other organization. The information provided in this article is for informational purposes only and does not constitute professional advice. The author and publisher of this article do not assume any liability or responsibility for any errors or omissions in the content. Readers are advised to seek professional advice before making any financial or investment decisions.