Why The Huge Price Hike For Rolex Submariner?

So, with demand skyrocketing and products harder to find , it makes sense that the manufacturer would want to capitalise, and that’s exactly what Rolex has reportedly done. As outlined by US-based watch publication Professional Watches, Rolex increased its retail prices by an average of 3.4 per cent on January 1, 2022.

Are Rolex prices going up 2021?

124300 Oyster Perpetual sold for $5,900 USD in 2021, but is now going for $6,150 USD in thee American market as of the new year . 2022 saw the watch go up 4.2%. In comparison, the stainless steel Submariner Ref. 124060 went from $8,100 USD in 2021 to $8,950 USD in 2022, an uptick of 10.5% in average retail price.

Will Rolex prices Drop 2022?

If the Rolex Submariner is your dream watch and you have the financial means, don’t hesitate to buy one in 2022. I don’t anticipate Rolex watches to drop abruptly in value anytime soon . And even if prices do ultimately go down for some reason, you’ll already be wearing the timeless icon you’ve always dreamed of.

Do Rolex Submariners appreciate in value?

Rolex watches hold their value, and with some models, their value appreciates exponentially . Suppose you own or come across a Submariner, the Cosmograph Daytona, the Day-Date, or GMT-Master II (just to name a few). In that case, it’s an excellent opportunity whether you are the seller or a collector.

Are Rolex prices going up 2022?

Rolex prices likely to rise as demand shows no sign of easing in 2022 .

Why are used submariners so expensive?

One of the biggest factors responsible for used Rolex watches costing more than their brand-new counterparts is the simple fact that most of Rolex’s top models are entirely sold out at retailers . It might sound crazy, but you can’t simply walk into a Rolex store and buy the watch you want.

Which Rolex will increase in value?

As a general rule, steel Rolex sports watches reliably hold or appreciate in value. This includes, in particular, the GMT-Master II with its famous two-coloured bezel, the Cosmograph Daytona, and the ever-popular Submariner 16610.

Why are Rolex prices going up?

“ If demand gets ahead of supply , prices are just going to go up and up.” “The demand is absolutely off the scale,” Mr. Corder added. “I knew dealers who were saying three years ago that they had never seen demand for Rolex like this, but every year the market gets hotter and hotter.”

Is Rolex a good investment?

According to the Data, the Answer is a Resounding, YES! It’s no secret that Rolex is hands down the most sought after and in-demand watch brand in the last... well, ever.

Will Rolex bubble burst 2022?

Will the second hand Rolex bubble burst in 2022? Not likely , if the results from one of the first major auctions this year are an indicator of what’s to come.

Why you should own a submariner?

With a storied history, timeless design, and great value retention, the Rolex Submariner is one of the best watches money can buy . In fact, not only is the Submariner one of the world’s most sought-after sports watches, but it is arguably Rolex’s most famous timepiece.

What type of person wears a Rolex?

People who wear a Rolex are usually keen on details . If at one time or another you have found yourself staring at a Rolex wearer and noticing there is something bold and brilliant about him or her, it is probably because they are quite unique in a handful of ways.

Do discontinued Rolex go up in value?

Your Rolex price could increase in value over the years . But there is no exact formula to determine if a particular Rolex model will go up or not. Some Rolex watches become more expensive when they acquire vintage status. Others raise in value because they are made in Oystersteel.

Does a Rolex lose value?

A pre-owned Rolex watch, unlike a new one, will not depreciate in value soon after it is purchased . While buying a new Rolex is akin to buying a new car: they will both depreciate in value substantially after they are purchased.

Does Rolex depreciate?

If you’re not an expert, these rates can be quite shocking. For instance, you may have thought that Rolex watches made from gold would be a safer investment than other materials, but full-gold Rolexes can drop by up to 40% in value. In contrast, stainless steel Rolexes typically see a depreciation rate of 20% .

Will Rolex shortage ever end?

As long as the demand for certain models remains high, then the shortage isn’t likely to go away soon . Not only does Rolex express no intention of dramatically increasing production, but they don’t even tell authorised dealers which watches they’re sending at any given time (sending “mystery boxes” instead).

Does Rolex price increase with time?

Here’s what we know about the price hike

The 4.2% increase may not affect long-term collectors . The Ref. 124060 Rolex Submariner (from the Professional Collection) was earlier priced at $8,100 in 2021. Its price has increased by 10.5% amounting to $8,950 in the US market this year.

How long do you have to wait for a Rolex?

They will put you on a 2-4 year waitlist, (sometimes longer,) due to their lack of inventory. During that 2-4 year waitlist, Rolex will have more than one price increase, and by the time the watch is finally available to you, you will be paying the current market price...

Are Rolex overpriced?

That said, depending on which model you want, be prepared to pay up to 4 times the retail value of that Rolex sports watch. So, with the above said, the definition does mean that Rolex is overrated , as the watch is worth more on the second-hand market (due to demand) than it is when its bought new.

Why is it so hard to get a Rolex?

Although the supply of Rolex watches may have briefly been disrupted by production and supply chain problems at the peak of the coronavirus pandemic , that’s not the reason they’re so hard to find – or so expensive when you do locate one.

Why are Rolex so hard to get?

Rolex watches are mass-produced, and they manufacture about 1 million watches per year. In other words, there are tons of watches on the secondhand market. It’s just that in recent years, the demand for them far exceeds the supply , and this naturally leads to a shortage – regardless of how many exist.

Is Rolex cheaper in Switzerland?

– Switzerland is an expensive country. – Scandinavian countries are expensive countries. – The INITIAL cost of a Rolex is SLIGHTLY Cheaper in Switzerland than in Scandinavia .

How much was a Rolex Submariner in 1970?