Rolex's name doesn't go with cheap products, which is why you have to spend more than $5,000 at least to owe a Rolex watch. Most people go for Rolex watches within the price range of $7,000 to $14,000.
Of course, you don't have to think about the quality of these watches. The manufacturer has ensured the quality of their products to serve the customers. This high price might not allow each and everyone to have a Rolex watch, but whoever owns it will never get disappointed. Also, he needs not change the watch within the next 10 years.
Cost of Rolex watch
The word cheap is not appropriate for Rolex watch and you already know the reasons behind this. The watches are not made for mass usage, but the worthy ones. The less expensive Rolex watch available will still cost you more than $5,000.
Wait, what? How $5,000 is less expensive? That is why I said the word cheap doesn’t go with Rolex watches. Most people tend to use Rolex watches that cost around $7,000 to $14,000. But it still seems out of reach of the common people.
From thousand dollars, the cost of Rolex watches goes up to million dollars as well. The most higher models of Rolex watches and some special editions go well above a million dollars. The most expensive Rolex watch so far cost around $18 million!
Why Rolex watches are so expensive?
It is bitter truth though, Rolex watches are not made for everyone. A common person spends his life thinking of tying a Rolex watch on his wrist, but it’s not sure whether he will be able to do this or not.
So what basically makes Rolex watches so expensive, which remains out of reach from the commoners? Of course, the quality of the watch is the first and most prominent aspect of these watches. From the time they are making watches, they have never compromised the quality.
There are some other interesting aspects of the watches that make them more expensive than other watch brands.
Quality: They have ensured the quality of their watches throughout these years, which is probably the main reason behind the high pricing of these watches. They never use any cheap materials for the construction of the frame.
Unlike most other top watch brands, Rolex watches are constructed with 904L grade steel. This durable, rust and corrosion-resistant steel makes the watch long-lasting and also ensures quality. This high-grade steel provides a shiny look to the watch.
Use of precious materials: Over time, the company has used many precious materials to construct Rolex watches. They have often used gold and silver to design the dial of the watches. They melted these materials to make the watch a precious one.
Also, the use of ceramic and platinum is very common in construction. The bezel and numbers of the watches are constructed with these materials. The use of these precious materials made the watches precious and expensive at the same time.
Design: The makers have always put a lot of importance on the design of the watches. Without been attracted to the design, no one will ever want to purchase a watch. And there is no competition with Rolex watches in terms of design.
To construct the watches, makers follow some innovative techniques with top-class facilities, which any other brands might not have even thought. Their techniques are sophisticated and they always look for bringing in something new to the design.
Waterproof: The last but not the least factor behind this high pricing is the waterproof feature. All the watches from Rolex have one common thing and that is waterproofing. As a user, you can use the watch under any circumstances.
The Cellini models of Rolex watches can go deep into the water down to 50 meters. Meanwhile, the Oyster Perpetual models are more than capable of withstanding the water splash as they can go under the water at 100 meters of depth.
You can also take this under the water and submerge it. The makers made it for all-weather use and it can strongly withstand any watery elements. Screw down the winding crown tightly to make the watch extremely waterproof.
How much does it cost to service a Rolex watch?
Servicing your Rolex watch is necessary to keep it running smoothly for the upcoming years without any disturbance. The service cost of Rolex watches depends on the type of servicing it needs. Typically the service cost ranges from $300 to $1,500.
You may need a little bit of service to extend the longevity of the watch. Elsewhere, you might need to change some of the parts of the watch as well. Changing the parts actually costs you more. It also depends on what parts you are going to change.
Every 5 years, a Rolex watch user should do a recommended servicing of his watch to ensure the watch runs smoothly for decades. This recommended servicing is known as overhauling. It includes disassembly of the watch, cleaning the parts, replacing if necessary, lubricating, and timing calibration.
Overhauling a Rolex Watch might cost you around $400 to $1,000. However, it depends on the area or shop you are using for this.
Special edition and most expensive Rolex watches
Paul Newman’s Rolex Daytona is the most expensive Rolex watch ever made. Paul Newman’s wife gave this special edition of the watch to him while he was working in the Winning movie. The watch was sold for $17.8 million, which is also the most expensive sold watch in the world.
There are some other expensive Rolex watches. Let’s look at them at a glance.
- 1970 Rolex Doytana, which was sold for $5.9 million.
- Rolex Bao Dai was sold for $5.1 million.
- 1942 Antimagnetique was sold for $2.5 million.
- Rolex GMT, Marlon Brando edition was sold for around $2 million.
- Rolex Oyster Albino was sold for $1.4 million.
How long does a Rolex watch last?
The company has made the watches for long-lasting use and can provide you a long-lasting usage guarantee. According to the makers, a Rolex needs to be checked in every 10 years to extend the lifetime. However, I would suggest doing this every 5 years.
Even a quality product needs proper servicing to extend the lifetime and it’s not a kind of product that should be kept aside after using once. Overhauling it after 5 years will certainly extend the life of the watch. Even the watch can run for your lifetime just because of proper servicing.
How to clean a Rolex watch?
To clean the Rolex watch is as important as servicing to extend the lifetime. There are some basic steps you can follow to clean the watch.
- Before starting the cleaning process, you need to screw down the winding crown tightly.
- Now take a bucket of mildly soapy water.
- Damp a toothbrush into the water and scrub it softly on the watch.
- Then rinse the watch with warm water.
- Lastly, gently use a soft cloth to make the watch dry.
Whatever the cost is, people still purchase these world-class watches for classical comfort. If you think you are worthy of tying a Rolex watch around your wrist, you should purchase one. At least you can start with the cheapest one, although that one is not cheaper in any sense.