One of the most exciting moments for any watch owner is finally getting to put on the one timepiece that you’ve always dreamed of wearing, and a Rolex is that kind of watch for many watch enthusiasts. The exhilarating emotions of strapping a Rolex on for the first time is a feeling no other, but as soon as people put a Rolex on, they often wonder if it loses value. So does a Rolex lose value when you wear it? After I’ve done my research, I found the answer to this burning question.
As a general rule, wearing a Rolex devalues it. The more a Rolex is worn, the more wear and tear it puts on its movement and materials, which decreases its overall value and condition.
Wearing a Rolex is a dream that many people have, and when someone achieves that dream, they often wonder whether or not it decreases in value. Nonetheless, I have found the in-depth answer to this question. So read on to view the full article wear I explain why a Rolex (generally speaking) decreases in value after wearing it!
Does Wearing A Rolex Decrease Its Value?
It is safe to say that Rolex is the most well-known and sought-after watch brand in history. Their iconic reputation, history, and respect within the watch industry make them a brand that everyone wants to have on their wrist. To many people who are into watches, a Rolex is a dream timepiece that
But when it comes down to it, wearing a Rolex generally decreases its value. Wearing a Rolex, even for just a couple days, puts stress on its internal moving parts and the materials that make up the watch, which worsens its condition.
If you’ve ever wondered what types of Rolex watches hold their value the most or if they hold their value it all, I have written an in-depth article just for you. In another blog post, I have answered the question whether or not Rolex watches hold their value. If you want to see that article, click right here.
The best analogy that I can think of when it comes to explaining why a Rolex loses value when you wear it is with cars. As soon as you drive a brand new car out of the dealership, the car immediately loses at least 10-percent of its value. Why is that you ask? It’s because the new car now becomes a pre-owned car and you are immediately putting miles on it and putting stress on the engine and other internal parts, which ultimately lowers its value substantially.
The exact same thing happens with Rolex watches and watches in general. Think of a new Rolex like a new car, and when you wear it for the first time, the new Rolex now becomes a pre-owned Rolex, and you are putting wear and tear on its internal movement and materials similar to how driving a car puts stress on its engine, which decreases its value. A brand new Rolex may not lose 10-percent of its value just like a car, but you get the idea that it loses value substantially because it’s being used.
If you are still skeptical and unsure of this idea that putting wear and tear on an iconic watch brand like Rolex decreases its value, there is one last thing you can do to help you understand.
If you go onto any market that sells Rolex watches (eBay, Chrono24, watchshopping, etc.) and you compare pre-owned condition to brand new condition, you can clearly see that pre-owned Rolex watches cost significantly less money than a brand new Rolex.
As you can see, pre-owned Rolex watches can cost thousands of dollars less than a brand new one. This goes to to show that wear and tear on a Rolex can devalue it and lower its price by a large amount. It all circles back to the condition of the watch. Pre-owned Rolex watches are much more worn out, which makes them less valuable, while brand new Rolex watches do not show any signs of wear and tear at all.
Should You Be Worried That Wearing A Rolex Devalues It?
If you are someone who wants to wear their watches, then no, you should not be worried about this at all because it happens to pretty much all timepieces from any brand. Once you wear your watch regularly, it is inevitable that it decreases in value over time and it is something that cannot be avoided. But if you’re someone who wants to keep their Rolex at the same value or possibly even rise in value, then you have to keep it in the best condition possible and not wear it.
Nonetheless, watches are meant to be worn and appreciated, so you shouldn’t be worried if it decreases in value. I felt the same way the first time I ever got my Panerai Luminor Chrono for the first time. I was so worried at first because I didn’t want the watch to decrease in price, but then as time went by, I realized that it was bound to decrease in value when I kept wearing it, so I slowly became less and less worried about it because the benefits of wearing a luxury watch greatly outweighs not wearing it at all.
In a another blog post, I wrote about 9 different benefits that wearing a luxury watch has. So if you’re still worried about your Rolex being devalued from wearing it, then I would recommend reading about all of the benefits that come with wearing a luxury watch to help you embrace it. If you want to read that article, you can click right here.
Conclusion
Generally speaking, wearing a Rolex or any kind watch of watch regularly devalues it and decreases its overall value because it puts stress on the movement and materials, which decreases the condition of the watch. Once you begin wearing a Rolex, it is almost inevitable for it to decrease in value and it is something you should not be worried about.