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How Much is a Rolex: The Ultimate Pricing Guide for May 2024

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How Much is a Rolex The Ultimate Pricing Guide for May 2024

Curious about the cost of owning a Rolex? Dive into our comprehensive guide, detailing the latest prices for some of the most coveted Rolex models. 

From the elegant Datejust to the iconic Submariner, we provide up-to-date insights on how these luxurious timepieces are valued in May 2024.

Whether you’re a seasoned collector or a first-time buyer, this guide will help you navigate the current pricing landscape of Rolex watches.

Rolex Collection Prices May 2024

Making well-informed decisions on buying luxury watches start with knowing their prices. Generally, different Rolex collections come at varying price points, with some commanding premium values due to demand. 

Below puts into detail the expected figures of certain watches for each collection to give you an idea on how much Rolex watches are worth:

1. Oyster Perpetual – S$6,500 to S$32,600

Rolex Oyster Perpetual

The Oyster Perpetual collection is the essence of Rolex, as it embodies precision and simplicity. Known for its timeless design and reliability, this collection offers a range of sizes and dial colors. Models include the Rolex Oyster Perpetual Oyster 124300, valued at $$32,600 and the Oyster Perpetual Oyster 126000, currently priced at S$10,900.

2. Datejust – S$7,900 to S$33,900

Rolex Datejust

The Datejust embodies elegance, precision, and versatility as it is available in various materials, sizes, and styles. This collection features a date display that changes instantaneously at midnight. One notable model includes the Rolex Datejust Jubilee, Ref. 278271, which starts at S$19,200, with a stainless steel and rose gold case, 31 mm size.

3. Day-Date – S$48,900 to S$106,800

Rolex Day-Date

Often referred to as the “President’s Watch,” the Day-Date displays both the date and the day spelled out in full. It’s exclusively available in precious metals. The Rolex Daydate President, Ref. 128345RBR, features a rose gold 36 mm case with a diamond-set bezel, priced at S$69,900 in May 2024.

4. Submariner – S$14,300 to S$51,500

Rolex Submariner

The Submariner is Rolex’s iconic dive watch, known for its robustness and water resistance. It features a rotatable bezel and luminescent hour markers. 

Two of the most in-demand Rolex Submariner watches are the No Date Oyster, Ref. 124060. This has a 41 mm stainless steel case, retailing for S$14,300, and the Submariner Starbucks MK2 Oyster 126610LV, which can set you back around S$20,900.

5. Sea-Dweller – S$11,900 to S$56,900

Rolex Sea-Dweller

Designed for deep-sea diving, the Sea-Dweller offers greater depth ratings and a helium escape valve. This professional dive watch is known for its durability and technical prowess. Models include the Sea Dweller Deepsea Oyster 116660, a S$12,500 watch, and the Sea Dweller Deepsea Oyster 136660, which costs S$17,900.

6. GMT-Master II – S$16,200 to S$74,900

Rolex GMT-Master II

The GMT-Master II is designed for travelers, featuring a rotatable 24-hour bezel and a second time zone display. The Rolex GMT Master II Batman, Ref. 116710BLNR, features a black and blue ceramic bezel, priced at S$18,900. Another popular watch from this model is the GMT Master II Oyster 116713LN, which costs around S$17,900.

7. Explorer – S$11,900 to S$16,300

Rolex Explorer I

The Explorer is built for adventurers, with a design focused on legibility and durability. It’s known for its robust construction and clean design. Notable models include the Rolex Explorer Oyster 124273, which is priced at S$13,300, and the Explorer Oyster, 124273, a S$15,000-worth timepiece.

8. Explorer II – S$13,300 to S$16,350

Rolex Explorer II

An evolution of the Explorer, the Explorer II features a 24-hour bezel and an additional hand to indicate day and night. Its design mainly caters to spelunkers and cave explorers. Some popular choices from this collection are the Explorer II Polar Oyster 216570, which costs around S$13,700, and the Rolex Explorer II Oyster 226570, which can set you back around S$15,300.

9. Milgauss – S$11,900 to S$14,700

Rolex Milgauss

The Milgauss is known for its resistance to magnetic fields, making it ideal for scientists and engineers. It features unique design elements like the green sapphire crystal. One of the key models of this collection include the Rolex Milgauss Oyster 116400GV, which is priced at S$13,900.

10. Air-King – S$9,600 to S$12,200

Rolex Air-King

The Air-King celebrates aviation history with a design that emphasizes readability and precision. It combines the best of Rolex’s history and innovation and it’s particularly popular among pilots due to its graceful movement and precision. 

In-demand models include the Rolex Air King Oyster 126900, priced at S$12,200, and the Air King Oyster 116900, which currently costs around S$10,700.

11. Yacht-Master – S$17,900 to S$44,900

Rolex Yacht-Master

The Yacht-Master combines luxury with nautical functionality, offering a rotatable bezel and water resistance. One notable model from this collection is the Rolex Yacht Master Oyster, Ref. 268621, with a Rolesor rose gold and stainless steel case, 37 mm size. It is priced at S$20,900.

12 . Yacht-Master II – S$20,600 to S$59,900

Rolex Yacht-Master II

Designed for regatta timing, the Yacht-Master II features a programmable countdown timer and a unique design. It’s a highly specialized and distinctive watch that attracts a niche audience. Notable models include the Yacht-Master II 116688, which costs around S$59,900.

13. Cosmograph Daytona – S$24,500 to S$172,900

Rolex Cosmograph Daytona

The Daytona is Rolex’s iconic racing chronograph, known for its precision and durability. It features a tachymetric scale for measuring speeds that’s popular among racers. The Rolex Daytona Panda Oyster 126500LN, has a black ceramic bezel in a 40 mm case, retailing for S$43,600.

14. Sky-Dweller – S$21,900 to S$57,900

Rolex Sky-Dweller

The Sky-Dweller is a sophisticated watch featuring an annual calendar and dual time zones, designed for frequent travelers. The Rolex Sky Dweller Oyster, Ref. 336934, with a stainless steel and white gold 42 mm case, is priced at S$26,900.

Summary

Rolex CollectionPrice Range (S$) as of May 2024Popular Models
Oyster PerpetualS$6,500 to S$32,600Oyster Perpetual Oyster 124300, Oyster 126000
DatejustS$7,900 to S$33,900Datejust Jubilee, Ref. 278271
Day-DateS$48,900 to S$106,800Daydate President, Ref. 128345RBR
SubmarinerS$14,300 to S$51,500No Date Oyster, Ref. 124060, Submariner Starbucks MK2 Oyster 126610LV
Sea-DwellerS$11,900 to S$56,900Sea Dweller Deepsea Oyster 116660, Sea Dweller Deepsea Oyster 136660
GMT-Master IIS$16,200 to S$74,900GMT Master II Batman, Ref. 116710BLNR, GMT Master II Oyster 116713LN
ExplorerS$11,900 to S$16,300Explorer Oyster 124273, Explorer Oyster 124273
Explorer IIS$13,300 to S$16,350Explorer II Polar Oyster 216570, Explorer II Oyster 226570
MilgaussS$11,900 to S$14,700Milgauss Oyster 116400GV
Air-KingS$9,600 to S$12,200Air King Oyster 126900, Air King Oyster 116900
Yacht-MasterS$17,900 to S$44,900Yacht Master Oyster, Ref. 268621
Yacht-Master IIS$20,600 to S$59,900Yacht-Master II 116688
Cosmograph DaytonaS$24,500 to S$172,900Daytona Panda Oyster 126500LN
Sky-DwellerS$21,900 to S$57,900Sky Dweller Oyster, Ref. 336934

*Prices are subject to change, depending on market and economic conditions. 

Factors Influencing Rolex Prices

Understanding the factors that affect Rolex prices can help you make informed decisions and appreciate the true value of these luxury timepieces.

Here are the key elements that influence the cost of a Rolex watch:

1. Materials and Craftsmanship

Rolex watches are renowned for their exceptional quality and use of premium materials, such as 18k gold, platinum, and high-grade stainless steel. The meticulous craftsmanship and attention to detail in each watch significantly contribute to their value.

2. Model Rarity and Exclusivity

Certain Rolex models are produced in limited quantities or have unique features that make them highly sought after. The rarity and exclusivity of these models often result in higher prices due to their desirability among collectors and enthusiasts.

3. Market Demand and Trends

The popularity of specific Rolex models can fluctuate based on market trends and consumer preferences. High demand for certain styles or models can drive up prices, while lower demand may result in more competitive pricing.

4. Condition and Age of the Watch

The condition of a Rolex watch, including its maintenance history and any signs of wear, directly impacts its value. Additionally, vintage models or those with historical significance can command premium prices, especially if they are well-preserved and include original documentation.

Buying a Rolex: Authorized Dealer vs. Gray Market Dealer

Two common options when it comes to buying a Rolex watch are the authorized and the grey market dealers. Both come with their own pros and cons, so discerning buyers should be familiar with their offerings before making a big financial commitment. 

Authorized Dealer

Buying from an authorized dealer guarantees authenticity, as Rolex only permits vetted sellers to carry their watches. These purchases come with a full manufacturer’s warranty, offering peace of mind for any defects or issues. 

Authorized dealers also often have the latest models and provide high-quality customer service, including after-sales support for maintenance and servicing. However, watches from authorized dealers are usually sold at or near the manufacturer’s suggested retail price (MSRP), with limited room for negotiation.

Gray Market Dealer

Gray market dealers often sell authentic Rolex watches with prices depending on, making them an attractive option for budget-conscious buyers. They frequently have a wide variety of models, including rare and discontinued ones. 

Moreover, it is more flexible when it comes to price negotiations. However, these watches do not come with the official manufacturer’s warranty. Instead, grey market dealers provide their own warranty. Their after-sales support can vary, but reputable ones excel in this aspect.

Frequently Asked Questions

1. What Is the Cheapest Rolex?

The cheapest Rolex models typically include the Oyster Perpetual and the Air-King. These models are known for their simplicity, classic design, and high-quality craftsmanship, making them popular choices for those looking to own a Rolex without the premium price tag of more complicated or luxurious models.

2. Why Is Rolex So Expensive?

Rolex watches are expensive due to their exceptional craftsmanship, use of high-quality materials, and meticulous manufacturing process. Each watch is assembled and tested by hand to ensure precision and durability.

Additionally, Rolex invests heavily in research and development to innovate and improve their timepieces, maintaining their reputation for reliability and prestige.

3. Is Rolex a Luxury?

Yes, Rolex is considered a luxury brand. Known for its exceptional quality, precision, and durability, Rolex has earned a reputation for producing some of the finest timepieces in the world. 

The brand’s commitment to meticulous craftsmanship, innovative design, and use of premium materials positions Rolex firmly in the luxury market. Its watches are not only functional but also serve as status symbols, making them highly sought after.

Final Word

When considering investing in a Rolex, knowing the ballpark figures is crucial. Rolex timepieces are iconic symbols of luxury and craftsmanship, with the Rolex cost reflecting their esteemed status. While price tags can be steep and the selection process intimidating, a Rolex is more than a timepiece; it’s a marker of milestones and achievement.

Key Takeaways

  • Rolex prices are affected by the quality of materials (e.g., gold, platinum, high-grade stainless steel), the rarity and exclusivity of models, and market demand trends.
  • The Oyster Perpetual and Air-King collections are the most affordable options. While the Cosmograph Daytona and Day-Date collections are among the most expensive.
  • Authorized dealers offer a manufacturer’s warranty, while gray market dealers may offer lower prices and a wider variety of models but with their own warranties and variable after-sales support.

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