The Submariner dive watch is Rolex's most famous sports model. To make sense of the current state of Rolex prices and to understand why which ones are rising and why, here's our ultimate guide to used Rolex prices.Ĭlick here for our Ultimate Buying Guide on Rolex watches.
Even Rolex models that were once easy to buy on the secondary market at prices much less than retail are now commanding prices close to or even above their brand-new counterparts. The current insatiable demand for Rolex watches and lack of adequate supply at the retail level is causing the price of pre-owned Rolex watches to increase at rapid rates. 6336, it still fetched CHF 471,000, which was nearly 200,000 more than its high estimate.Anyone who follows the secondary Rolex watch market will tell you that it's booming. A year later, a Reference 3525 that was part of Andy Warhol’s collection went up at Christies. It sold for an impressive CHF 702,500, which was 100,000 over its high estimate. The model gets its name from the famed Rolex ambassador and three-time Olympic alpine skiing champion. In 2018, a Reference 6336 “Jean Claude Killy” went up at Phillips. Today, pre-owned Rolex Oyster Perpetual watches often fetch high prices at the auction block. However, it still features the same high caliber movement you’ll find in all of the watches in the Rolex family. The model may be more basic in terms of its functions and appearance. It’s equipped with Rolex’s patented “paramagnetic” blue Parachrom hairspring as well as the manufacturer’s own Paraflex shock absorbers. The line of Oyster Perpetual models contains a simple yet robust in-house made automatic movement, complete with COSC certification. Here is where you’ll find the unparalleled Rolex quality. However, the inner workings of the watch are what really help it to withstand the test of time. With the Oyster Perpetual, there’s typically a more limited selection of dial colors, straps, and other bells and whistles available. The exterior design and aesthetic is the most pared down and streamlined part of the watch. Over the years, it has served as the building block for other models, like the Submariner and Daytona. However, the Oyster Perpetual itself is the most straightforward model offered by the brand. In fact, almost every watch the brand produces today is technically a part of the Oyster collection. Some examples include the Oyster Perpetual Submariner or the Oyster Perpetual Cosmograph Daytona. They use “Oyster Perpetual” phrase in a number of other Rolex models. The Oyster Perpetual is the bread and butter of the Rolex brand. It meant the wearer no longer had to unscrew the crown to wind the watch manually, which exposes a small area of the case. This was an important breakthrough in the evolution of water resistant watches. With the collection, Rolex debuted another new development: a module to fit over the movement that offered automatic winding. Just five years later in 1931, the Oyster Perpetual was officially born. Oyster casebacks also feature distinctive fluting that fits into a special tool issued exclusively to Rolex watchmakers so only they can access the movement.
It contains a patented system that screws down the bezel, caseback, and winding crown against the middle case, which is comprised of a solid block of steel, gold, or platinum. The brand invented the design in 1926 as the world’s first water resistant case for a wristwatch. The development of the Rolex Oyster case represents a pivotal moment in the history of modern watchmaking.
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