One thing that you guarantee about luxury Rolex watches is that they maintain their value. These exclusive time pieces do not decrease in value and it some cases they will appreciate significantly, particularly if they’re a limited edition model or have had a famous owner in the past.
Take for example the Rolex watch, formerly owned by Norman Hughes Buckley who set six water speed records between 1956 and 1972, that was sold at auction recently for £48,000. The estimated value of this historic time piece was between £25,000 and £35,000, so many were surprised to see it sell for such a high price. Of course, this just goes to show how certain Rolex watches are able to significantly appreciate in value over the years.
This is especially true of Rolex watches that have been owned by significant historical figures, or individuals who have some claim to fame, however this doesn’t necessarily mean that your own Rolex watch won’t appreciate in value unless you somehow manage to get your name in the history books. Many of the limited edition models produced by Rolex or their slightly more unusually time pieces that haven’t been produced in such a high quantity are likely to become highly sought after by collectors in years to come, so their value will almost certainly increase.
Of course, this doesn’t mean that the standard edition Rolex watches will loose their value, in fact far from it. If you keep your watch in good condition and ensure it remains in perfect working order then it will maintain it’s value for as long as you own it.