Want to get your hands on a sports Rolex?
So, you’ll either be coming to the realisation that certain models of Rolex are much, much harder to find that others or you’ll be well aware of the scarcity of the stainless steel sports models and be ready for all the advice we can give you.
At Hopkins and Jones pawnbrokers we can offer loans on all your prestige watches
As a jewellers and pawnshop in central London, it’s fair to say that we buy and sell many different styles and models of Rolexes. We know the value of Rolex because of the nature of how they arrive in our London pawn shop. Because we work with pre-owned Rolex watches, you can also be sure that we will come across some outstanding opportunities for you to get your hands on classic hard-to-find Rolexes.
What is the deal with the stainless steel?
Rolex isn’t one of the top selling luxury watch brands on the planet for no good reason. They know that they have a strong product. They also know that it’s reached cult status with many watch fans around the world and they know they can count on a rich legacy of gracing the wrists of adventurers and explorers. The sports models have simply captured the imagination of the buyers’ market.
There’s a much-whispered notion that Rolex is stockpiling watches to create a shortage and generate a buzz, but that’s not the case. In fact, Rolex are actually manufacturing more watches than they did last year – but the demand for Rolex still outstrips the supply.
Every year, Rolex increases production in small increments to avoid flooding the market and reducing the value of all models on the market, Instead, their steady hand ensures a carefully controlled growth and stability.
Consider this strategy – Rolex will only make watches to the highest of standards and will not compromise on quality to make a quick buck when fashion falls in their favour. Not only does it say something of Rolex’s business acumen and integrity but it also speaks volumes about the watches that they have made over the years. If you’re already sporting a Rolex, you can be sure that it will not only have held its value but will mostly likely have grown in value.
Will this shortage go on forever?
It’s hard to say when it will end, but this shortage could work in your favour. If you’re looking to free up some cash, then your Rolex could perform extremely well for you. If you are looking for a Rolex, then you might just be able to get your hands on a model that you may otherwise have not.
One interesting point to note is that, yes, you might come across a hard-to-find vintage Submariner but it’s also the recent releases that are commanding high prices, including the GMT Master II in blue and red as well as the stainless steel Daytonas.
If you can wait and if you are prepared to pursue options that you’ve not previously considered, then you could triumph where others fall by the wayside.
It’s tempting to only keep your eye on your local Official Rolex Dealership but a trip to a pawnbroker specialising in Rolex may well get you what it is you want.
Either pick up the phone or drop in in person and explain what it is you are looking for. Not only will they be able to give you an idea of what’s on the market and what may be up and coming but they’re able to use their network to understand what models may be in circulation.