A Rolex is not just a wristwatch. It’s an indicator of your affluence and style. To a modern man, a Rolex is what a full set of Milanese plate armor would be to a medieval knight – a status symbol. Still, in your relentless pursuit to portray yourself as wildly successful, you risk succumbing to a couple of temptations. What if you overpay for your Rolex (the one you can barely afford)? What if you buy a fake? How about a situation in which you buy a watch that doesn’t fit your style? Here are a couple of tips about buying your first Rolex.
A way to diversify your portfolio?
Other than it just being a status symbol (something that we’ve previously mentioned), a Rolex can also be an investment potential. Owning a Rolex is like owning gold bullion. It’s an item that won’t be depreciated with time and something that you can use to enhance your portfolio. This concept is nothing new and it’s not exclusive to watches. In fact, designer bags and similar clothing items have been used as alternative investment opportunities for years now. Some even praise them to be a better investment than art.
Answer some personal questions
The next thing you want to do in order to ensure that you’ve bought the right Rolex is to answer a couple of personal information. In other words, there’s no such thing as “ideal” , only better or worse for your own situation. Naturally, someone with unlimited resources, different clothing styles, different geographical locations, etc. would consider different watches to be ideal. These factors are:
- The amount of money that you are willing to spend.
- Whether or not you want to buy a pre-owned Rolex.
- Do you prefer durability or value?
- The most valuable function of a smartwatch.
The budgeting issues are fairly simple to establish and you need to find a watch that fits. Wearing a Rolex that you can barely afford is seldom the best of ideas (even if you can afford it). Keep in mind that some of these watches reach prices in the thousands and even tens of thousands.
The second factor ties nicely into this. According to people behind a popular Rolex store in Scottsdale, when buying a pre-owned watch, you have the privilege of buying a more expensive model for a mere fraction of the price.
While stainless steel provides you with the greatest durability and resilience, if you’re making an alternative investment or buying with portraying your affluence in mind, gold or platinum are better.
Lastly, different watches have different functions. Do your research and don’t be surprised to find that an expensive model of a Rolex that you’re currently eyeing doesn’t have a feature that you need. Buying a wristwatch without doing your research on it is like buying a house without going to visit (even once).
Dress or Sport
While a Rolex always looks dashing, you need to consider whether you’re buying a dress or a sports Rolex. Don’t get us wrong, even a sports Rolex will look good on a suit, however, once you start moving up in society, people are going to be more judgmental. Also, this is one of the easiest ways to give away the New Money impression to the people that you’ve just met. Also, when attending a high-fashion event, like Scottsdale Fashion Week, you’re bound to encounter people who can spot these tiny irregularities from a mile away.
Sure, there are some things that are nearly impossible to miss. For instance, yellow gold may look better on a suit, while steel may suit a casual dresser a lot better. While the latter is more flexible and offers numerous unique apparel opportunities, it’s undeniable that the latter has its charm, as well.
Wearing sportswear is one thing but being an active sportsperson is something else entirely. Sweating, swimming, and diving can be problematic, provided that your watch is not up to the task. Looking for a waterproof watch is a must.
Also, keep in mind that finding the Rolex that fits your arm may be a bit of a challenge, as well. After all, while the bigger is more expensive, it’s not necessarily better. Sure, the present trend is oriented towards the largest Rolex watches but a larger Rolex isn’t necessarily the optimal choice.
The color of the watch
The cost of a watch depends on the model, whether it’s new or pre-owned, as well as the material of the watch. Keep in mind that the material will also determine the color.
For instance, if you want:
- Steel-looking: You can go with steel, steel and white gold, or white gold.
- Yellow gold: You can choose between a combination of steel and yellow gold or pure yellow gold.
- Rose gold: Here you can pick between platinum, steel and rose gold, or pure rose gold.
As you can see, even with a personal preference for a certain color, you always have several options to choose from.
Trade-in and resell options
Now, seeing as how there’s a huge market for used Rolex watches, it’s not that hard to imagine selling your own at a later date. Now, while selling your watch directly is an option, a lot of people choose to simplify the process by going via a dealership. Keep in mind that a lot of people sell their Rolex in order to get a newer model (or just a new watch). This is why you need to research your trade-in options. This way, you get the optimal value on the trade and a chance to improve your look on a budget.
At the end of the day, you need to make sure that you can afford a Rolex, that you really want it, and that you’re buying it for the right reasons. While there’s no real equivalent to a Rolex, the truth is that you can find a watch that fits your aesthetics elsewhere. If you do commit to buying a Rolex, just remember that it’s a massive investment and that it needs appropriate research.