Vintage Rolex watches are hard to find. Thankfully, you can purchase them from an auction house. At the auction, you will be able to buy a watch from every year. These watches are perfect for collectors and can be worth thousands of dollars. If you’re thinking about buying a Rolex from a grandparent, it’s important to remember that these watches are extremely valuable.
Using AMR’s 40 years of auction market experience and a specialized data collection system, Rolex at Auction traces the price evolution of Rolex Professional watches that have been sold at auction since the 1980s. It also examines the trends in the market during this time period. The book features four case studies, 22 raw data charts, 32 key auction results, and expert insights from leading auctioneers. You can expect to pay between PS400 and PS500 for a vintage stainless steel Rolex Precision from the 1940s and 1950s.
Despite the price tags, Rolex watches are an excellent horological investment. A rare vintage watch can fetch up to $250,000 – or even more – at a reputable auction. One example of a vintage Rolex watch is the Paul Newman Daytona, which sold for more than $17.8 million at a previous auction. Another example of a vintage Rolex auction is the Bob’s Watches sale. It features sixteen vintage Rolex watches, including a Paul Newman Daytona, which can sell for over $250,000.
There are several advantages to purchasing a vintage Rolex at an auction. The price is usually higher than retail, but you can save a great deal of money on a timepiece that is unique and rare. The auction houses generally charge a buyer’s premium that covers the costs of the auction house.