Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Quantum AI Stocks Investing Priority - 26th Jan 22
Is Everyone Going To Be Right About This Stocks Bear Market?- 26th Jan 22
Stock Market Glass Half Empty or Half Full? - 26th Jan 22
Stock Market Quoted As Saying 'The Reports Of My Demise Are Greatly Exaggerated' - 26th Jan 22
The Synthetic Dividend Option To Generate Profits - 26th Jan 22
The Beginner's Guide to Credit Repair - 26th Jan 22
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Rolex Watches — a Store of Value

Personal_Finance / Investing Jun 14, 2020 - 05:11 PM GMT

By: Kavinesh_A

Personal_Finance

Any avid watch enthusiast and collector can appreciate the amount of work that goes into designing a Rolex watch. Thanks to its impeccable design and high-quality, Rolex has become the most recognizable name in the industry, synonymous with classy, well-made watches. Thus, either new or vintage Rolex watches can be used as a unique store of value.

History shows that there were more than a few times when Rolex watches stole the show in world-class auctions and sales, with prices going up into the six-figure range.


World-Renowned Heritage

Interestingly, Rolex was not always known by that name. Originally, watches made by Hans Wilsdorf and Alfred Davis were named simply — Wilsdorf and Davis. The name was changed to Rolex in 1908, only three years after the establishment of the company. The final name Rolex Watch Co. Ltd., the one we know today, came in 1915.

Although Rolex watches were initially made in the UK, the manufacturing process moved to Switzerland after the First World War, where the company is headquartered to this day.

For more than a century, Rolex has been a pioneer in the industry of making watches. Customers could enjoy an array of watches explicitly made for adventurous professions, such as pilots, divers, racers, and the like. The manufacturing of those high-grade watches marked the beginning of a long-lasting tradition — preserving Rolex watches in impeccable condition to keep their value high.

Rolex entered the history books a few times, with accomplishments like producing the world’s first waterproof wristwatch and the first watch showing the date on the dial. Additionally, it was Rolex that first managed to secure chronometer certification for a wristwatch. These are only a few achievements of the many accomplished by Rolex.

Moreover, Rolex watches in good condition have an ingrained value that continually rises with time. Vintage Rolex watches, such as the Oyster Perpetual models, have turned out to be some of the most sought-after models for their durability and attention to detail.

Lasting Value

Superb quality and unparalleled brand recognition allow Rolex watches to maintain fantastic value in the competitive luxury watch market. However, the value of each watch depends on several factors.

Keep in mind that watches in pristine condition present a much better store of value over time than those that were worn daily for many years. Other factors and unique qualities of each watch, such as the reference number, have a significant impact as well.

Time can either be your friend or your enemy when it comes to Rolex watches. The passage of time has a tremendous influence, as a watch can gain vintage status, which can have a significant impact on its price. In the same manner, if the watch is not notable enough its value can decrease, even if it’s in perfect condition.

Ultimately, not all Rolex models will increase in value over time. So, if you’re interested in making a profit, do some research regarding which new or vintage watches are worth the investment before you make your decision.

By Kavinesh

© 2020 Kavinesh - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in