What Causes Luxury Watch Prices to Skyrocket (or Fall)?

What Causes Luxury Watch Prices to Skyrocket (or fall)?

Anyone with an interest in luxury watches, such as those produced by Rolex, Audemars Piguet and Patek Philippe, knows to expect to have to pay high prices for the top brands. However, one of the noticeable trends throughout 2020 and 2021 has been a rapid increase in prices, even above what you might typically anticipate.

Therefore, if you are getting into the watch market yourself in 2021 or 2022, or looking to purchase a luxury timepiece for a friend or loved one, you are likely to have plenty of questions regarding the prices you see. Why are these watches so expensive? Why are watches selling way above retail price? Should you try to buy on the grey market?

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Purchasing a Rolex Watch with No Sales Tax

Buying Rolex in the USA with No Sales Tax

Rolex watches are a significant investment, and while purchasing one hints at a certain level of personal wealth, most buyers are still keen to avoid unnecessary expenses. With this in mind, one of the most common questions potential buyers ask is: where can you buy a Rolex in the USA and legally avoid the payment of sales tax?

The best way to achieve this is to purchase a Rolex online, although it is important to understand precisely how this works and what the limitations are. In this article, we explain a little more about sales tax in relation to Rolex purchases, and the ways that online platforms like Jaztime.com can help to reduce costs.
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Where to Sell my Audemars Piguet Watch near me?

You can Sell your Audemars Piguet at Jaztime
You can Sell your Audemars Piguet right here at Jaztime.com => get a quote now

If you are the owner of an Audemars Piguet timepiece, you will know all about the brand’s high quality, but did you know that some pre-owned AP models actually sell for a higher price than the brand new retail price? This means that certain most popular Audemars Piguet watches are an incredible investment, but the vast majority of AP models retain value well over time.

With that being said, if you are going to sell an Audemars Piguet watch, there are things you need to consider. Clearly, there is a substantial difference between selling an entry-level stainless steel AP Royal Oak for $20k, and selling a high-end gold and diamond Audemars Piguet Concept or a unique AP Grande Complications for somewhere in the region of $800k.

Beyond this, you also need to think about where you are going to sell your watch. Here at Jaztime, we believe in transparency, so we want you to have a clear idea of the various options available to you and the pros and cons associated with them. This will then allow you to make an informed decision and get the best possible price.

Can I Sell my AP to the Audemars Piguet Boutique Near Me?

Sell AP to Audemars Piguet Shop not possible
Sell your AP to an Audemars Piguet Shop is not possible.

When selling a luxury watch, one of the first questions that will go through many owners’ minds is whether or not they can sell their watch back to the brand they bought it from, such as by visiting a local boutique. Continue reading “Where to Sell my Audemars Piguet Watch near me?”

Which Rolex Datejust 36 to Buy? a Buying Guide

which Rolex Datejust 36 to buy - buying guide

Initially introduced in 1945, the Rolex Datejust 36 was the first model ever released in the manufacturer’s iconic Datejust collection and it remains one of the most popular options for buyers looking for a Rolex timepiece.

However, over the years, the Datejust 36 line has been expanded and now includes a wide variety of different options, with multiple different case materials and color schemes. In this guide, we take an in-depth look at the various options that are available, so that you can make a more informed purchase and buy the best watch for you.

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Is it Safe to Buy a Rolex on EBAY?

is it safe to buy new and used Rolex Watches on ebay

Many buyers looking to purchase a Rolex watch are drawn to online platforms like eBay, but with so many fake or counterfeit Rolex timepieces flooding the market, is it actually safe to buy one in this way? The answer is both ‘yes’ and ‘no’. You certainly can find authentic new, used and vintage Rolex watches on eBay, and if you are experienced enough to know what to look for, you might even find a good deal every now and then.

Unfortunately, the sheer number of fake Rolex watches out there is enormous and some of them are extremely convincing. As a newbie, you are likely to have a tough time finding Rolex timepieces that are both cheap and authentic on eBay. Of course, the eBay platform itself does try to protect buyers and sellers from fakes and frauds, but even with the best will in the world, those efforts are not always successful. Continue reading “Is it Safe to Buy a Rolex on EBAY?”

Which Rolex to Buy as an Investment?

Rolex Watches as an Investment
Rolex Watches as an Investment (Rolex Datejust 31 Gold/Steel Champagne)

Purchasing a Rolex sounds like a fool-proof plan: buy a high-quality luxury timepiece or other piece of jewellery, which you can later convert into cash when times are tough. In the case of jewellery, you can claim the material value, so prior to making a purchase, you should determine how much you are paying for gold or diamonds, and how much you are paying for the craftsmanship, and then make your decision based on potential re-sale of the materials.

With luxury watches, on the other hand, you are going to want to sell for more than just the material value. The problem here is that watches are mechanical devices, meaning the quality of their inner-workings will be taken into account. They are also subject to changes in fashion, and value can be dictated by availability too.

Indeed, asking which Rolex to buy as an investment is similar to asking which car to buy as an investment. Most watches lose value the moment they are purchased and unless you plan to rent your Rolex out to other people regularly, you are going to struggle to make a profit. Nonetheless, here are some pointers to improve your chances. Continue reading “Which Rolex to Buy as an Investment?”

How much is my Rolex Watch worth?

How much is my Rolex worth? Value Estimator Blue Book

Many owners of luxury watches wish to know how much they could sell their watch for, which is why “How much is my Rolex watch worth? How much cash could I get for it?” is are common questions. Unfortunately, there is no Rolex Blue Book for you to consult, in order to find an accurate valuation. The easiest way to find out how much a Rolex is worth, is to make use of the Jaztime.com free value estimation request form, which can be found here: => get a Free Value Estimation for your Rolex

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What is the Rolex Luxury Watch Grey Market?

In many ways, the free market and the convenience of online shopping are the enemy of luxury watch brands like Rolex. After all, anyone who knows anything about economics knows the principle of supply and demand, yet luxury watch manufacturers misjudge the demand (and, therefore, the price) of their models all the time. Moreover, they also occasionally make models intentionally scarce, artificially adding to their prestige.

Based purely on demand, for example, there should be more stainless steel Rolex Daytona models. Yet, the company keeps numbers limited to build a sense of exclusivity. If you attempt to buy one from an Authorized Dealer (AD) you will need to be extremely lucky, or you may need to buy it alongside other less desirable Rolex models.

Luxury Watch Brands Create the Grey Market

Rolex Grey Market Online Shopping Jaztime Blog Review Showroom

For Authorized Dealers, watch manufacturers misjudging supply and demand is a problem. Dealers have to pay before they even know which watches they will receive. This can lead to problems when trying to clear their inventory of unsold, unpopular or obsolete timepieces. For instance, a Datejust 36mm with a pink diamond dial could be hard to shift, as it is too big for most women’s tastes, but too feminine for most men.

The solution? In many cases, they try to sell these less desirable watches together with more desirable models to a grey market dealer, who buys in bulk. Of course, the Official Retailer is unlikely to make as much this way, but sometimes cash flow issues and reducing the inventory are more important considerations than trying to sell watches in strict accordance with Rolex’s demands, which can be completely unrealistic.

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How to Keep Your Luxury Watches Safe at Home

Rolex Patek Philippe Audemar Piguet Omega Tudor Lock Safes Safety Deposit Box Review

Expensive timepieces from the likes of Rolex, Patek and AP are a significant investment and as with any other item that is worth thousands of dollars, you need to look after it well and take precautions to stop it from being damaged or stolen. It is precisely for this reason that many luxury watch owners invest in a home safe.

Keeping your watch in a safe will not only give you peace of mind, it will also potentially reduce any insurance premium linked to the watch. Nevertheless, buying a safe can seem daunting, because there are so many types available. In this article, we look more closely at the various options and explain their plus points and drawbacks.

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How to Finance Your Rolex Watch

Rolex Watch loans

Purchasing a Rolex watch is an ambition for many people, because they serve not only as a high-quality timepiece, but as a status symbol as well. However, not everyone is in the financial position to pay thousands of dollars for a luxury watch up front, and even those who are may find it useful to seek finance in order to make things easier.

While Jaztime does not offer finance for luxury watches, there are a huge number of options available to people and our customers are more than welcome to use one of those methods to have enough funds to when buying from our store as here at Jaztime. Jaztime only takes Bank Wires as payment and for this blog post, we take a more detailed look at the various finance options that are available out side of Jaztime’s accepted payment options.

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