The allure of owning a Rolex watch is undeniable, but securing a brand new one has become increasingly challenging. The scarcity of new Rolex timepieces, coupled with high demand and long waiting lists, has led many watch enthusiasts and collectors to explore alternative avenues—enter the preowned Rolex market. Purchasing a preowned Rolex offers a viable solution to own an authentic Rolex without enduring the frustration of waiting for a new one. However, buying a preowned Rolex necessitates careful consideration and a discerning eye to ensure that you get the most out of your investment. In this article, we’re going to go through some top tips on how to navigate the world of preowned Rolexes.

1. Research and Educate Yourself:

Before delving into the preowned Rolex market, invest time in researching different models, variations, and prices. For example, if you’re interested in a classic diver’s watch, like the Rolex Submariner, study its various references, bezel options, and dial variations. Familiarise yourself with the specs, features, and history of the specific Rolex model you are interested in. Understanding the market value and the different factors that affect a watch’s price will empower you to make a more informed decision. Websites like Chrono24, with their historical data, can be an invaluable resource for research and comparing prices.

2. Buy from Reputable Sellers:

One of the most critical aspects of buying a preowned Rolex is to purchase from a reputable and trustworthy source. Seek out authorized Rolex dealers or well-established watch dealers with a solid track record. For instance, if you’re eyeing a vintage Rolex Datejust, look for dealers with expertise in vintage timepieces and a reputation for authenticity. Chrono24, being a trusted platform, connects buyers with certified dealers and private sellers, providing a secure environment for purchasing preowned Rolex watches online.

3. Check for Authenticity:

Counterfeit Rolex watches flood the market, making authentication a crucial step in the purchasing process. Examine the watch’s details, including the dial, bezel, case, bracelet, and movement, for any signs of inconsistency or poor craftsmanship. Request the watch’s serial and reference numbers and have them authenticated by Rolex or an authorized service center. Chrono24’s Verified Dealer feature ensures that sellers have undergone thorough screening to provide authentic and genuine products.

4. Inspect Condition and Maintenance:

A preowned Rolex’s condition is a significant factor in its value and longevity. Look for signs of wear and tear, scratches, and dents on the case and bracelet. While some wear is expected, excessive damage may indicate poor maintenance. Ask for the watch’s service history and ensure that it has been regularly serviced by Rolex or a certified watchmaker. Chrono24 allows sellers to provide detailed images and descriptions, allowing you to assess a watch’s condition more effectively.

5. Bargain with Caution:

While negotiating for a better price is standard in the preowned market, be cautious when encountering deals that seem too good to be true. Unrealistically low prices might signal a counterfeit or a watch in poor condition. If the price is considerably lower than the average market value, ask questions and do thorough research before proceeding. Chrono24’s Price Trend feature can help you gauge a watch’s market value and identify any unusual price fluctuations. If it’s too good to be true, it probably is!

6. Focus on Popular Models:

Popular Rolex models tend to hold their value better over time, making them a safer investment. Timepieces like the Submariner, Datejust, and GMT-Master II are considered classics and are more likely to retain or increase in value. Lesser-known models may be more affordable upfront but may not offer the same long-term investment potential. On Chrono24, you can find a vast selection of popular Rolex models from various sellers worldwide, increasing your chances of finding the perfect preowned timepiece.

7. Verify Documentation:

A genuine preowned Rolex should come with its original box, papers, and warranty card. These documents provide essential information about the watch’s history, authenticity, and service history. Always request these documents and verify their authenticity. Chrono24’s reputable dealers typically include comprehensive documentation, offering you peace of mind in your purchase.

8. Size and Style Matters:

Consider your wrist size and personal style when choosing a preowned Rolex. Rolex offers a variety of case sizes and bracelet options, so try on different models to find one that fits comfortably and complements your style. Whether you opt for the elegance of a vintage Rolex Datejust or the sportiness of a Submariner, finding the right size and style that suits you is crucial for a satisfactory ownership experience.

9. Pay Attention to the Movement:

Rolex is known for its precision movements, and different models come with various movements. Research the specific movement of the watch you’re interested in and verify that it matches the stated specifications. For example, if you’re looking at a preowned Rolex Explorer II, ensure that the watch’s movement, whether it’s the older or the newer GMTs, meets your preferences.

10. Trust Your Instincts:

Lastly, trust your gut feeling. If something feels off about the deal or the watch itself, take a step back and reevaluate your decision. Don’t rush into a purchase that doesn’t feel right. Remember, a preowned Rolex is an investment, and finding the perfect one for you might require patience and careful consideration.

11. Bonus tip: Decide on the Worth:

Ultimately, it’s up to you to decide if the higher price of a preowned Rolex, compared to a new one, is worth it. Consider factors like availability, demand, condition, and the watch’s history. While purchasing a preowned Rolex can offer immediate gratification, it also represents an opportunity to own a piece of horological history that has already stood the test of time.

In conclusion, purchasing a preowned Rolex can be a rewarding experience for watch enthusiasts and collectors alike. By applying these top tips, such as researching models like the Submariner, Datejust, GMT-Master II, and Oyster Perpetual, buying from reputable sellers like those found on Chrono24, verifying authenticity, and inspecting the condition, you can confidently find a beautiful and authentic Rolex timepiece that suits your style and budget. And remember, a preowned Rolex can become a cherished piece of horological history to be enjoyed for generations to come.

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The Rolex Explorer has been a mainstay of the brand’s line-up since 1953, when it was introduced following the successful expedition to the peak of Mount Everest by Sir Edmund Hillary and Tenzing Norgay. Both men were given watches by Rolex to wear to the summit, and it’s in honour of their achievement that the Explorer was named.

Since then it’s become a staple of the Rolex collection, undergoing several updates over the decades. Of course, the elephant in the room is that Rolex models are exceptionally hard to come by these days. However, that’s a story in itself, so I’m going to set that aside for another time and focus on just the watch itself. 

Despite its reputation, at first glance, the Explorer might seem a fairly humdrum watch. The specs are after all, identical to that of Rolex’s entry model, the Oyster Perpetual. However, the specs aren’t what makes the Explorer special. What does is how Rolex has executed the latest version of a design that’s existed for nearly 70 years. 

Rolex Explorer 124270 Specifications

• Case Size: 36mm
• Case Thickness: 11.5mm
• Lug-to-lug: 43mm
• Crystal: Sapphire
• Water Resistance: 100 metres
• Movement: Rolex Calibre 3230 Automatic
• Power Reserve: 70-Hours
• Price: £5,700

A Classic Silhouette 

Whilst the previous Explorer was 39mm, the current Explorer 124270 has made a welcome return to the 36mm Oyster case that’s been traditionally used for the model. Contrary to popular belief, the case is made from 904L steel, not unobtanium. Rolex uses 904L steel because it is more corrosion-resistant and takes on a better shine when polished compared to the more commonly used 316L steel. 

Whilst the classic Oyster case is nothing new, I was immediately taken in by its beauty. The case sides have a subtle curve and the smooth polished bezel looks exceptionally crisp. Combined with Rolex’s incredibly high standard of finishing, the Explorer feels downright luxurious to hold. 

The Explorer features a Twinlock screw-down crown, which helps give the watch its 100m water resistance. It’s not a particularly high rating, but for the average wearer, it will be all you need. 

The watch wears very well on the wrist, being a relatively slim 11.5mm thick. In fact, it’s one of the most comfortable watches I’ve ever worn, and I could easily forget I was wearing it. (That is if I didn’t look at it every 5 minutes to admire how goddamn gorgeous it looks). 

The lugs are 19mm wide, and whilst this is an awkward size for aftermarket straps, it allows the lugs to be a bit thicker and therefore stops the case from looking dainty. The bracelet feels very solid, and its drastic 5mm taper helps the watch feel quite dressy. However the clasp doesn’t feel too small, and like the rest of the watch, it feels very well made. Though whilst the Explorer fits me perfectly, it would be nice to see the Glidelock on-the-fly micro-adjustment feature on the clasp. Instead, your only option is a 5mm extension link built into the bracelet. 

The Iconic Explorer Dial

Anyone even vaguely acquainted with the Explorer will recognize its iconic dial layout, and in its current form, it looks as striking as ever. 

Beneath the sapphire crystal the white gold markers glisten nicely in the light, with the crisp white Chromalight lume that fills them contrasting brilliantly against the rich gloss black of the dial. At night the Chromalight emits a steady blue glow that’s easy to read in the dark. 

One thing that did surprise me was that the hands are thinner than I expected. This means that at times the watch isn’t as hyper-legible as I assumed it would be, but it’s by no means difficult to tell the time. 

To the naked eye, the hands are perfectly finished, and the surface of the hour and minute hands is actually rounded. This creates some fantastic light play throughout the day, and it’s the sort of refinement you expect from Rolex. 

An Impressive Movement

Inside the Explorer 124270 is the Rolex calibre 3230 automatic movement. This 31-jewel movement was introduced in 2020 and features the latest technology Rolex has to offer. Such features include Rolex’s patented Chronergy escapement, Paraflex shock absorbers, and a Parachrom hairspring. 

It would take too long to explain the workings of these proprietary features in detail, but in short they decrease the effects of things like magnetic fields, shocks and temperature changes on the movement. 

The Chronergy escapement is also more energy-efficient than that used previously by Rolex, and it’s part of the reason that the calibre 3230 boasts an impressive 70-hour power reserve.  

The 3230 is naturally COSC-certified and should be accurate to +/- 2 seconds per day, though this one has actually only gained a second in a week. Overall, the 3230 demonstrates what Rolex does best – produce incredibly accurate and durable timepieces that are as functional as they are beautiful. 

Final Thoughts

It might seem like I’ve gushed over the Explorer in this review, and you’d be forgiven for thinking that I was yet another Rolex fanboy out to lick their boots. But the truth is that I’m actually incredibly put off by the current state of the Rolex market. I hate the games you have to play to buy one from an AD, and the incredibly inflated second-hand prices. 

However, despite all that, when I put the Explorer 124270 on my wrist I completely understand why the brand is so highly regarded today. The design is just incredible. Every element is perfectly proportioned and the finishing is very good indeed. 

If you’re the type of person who only wants one watch, then I don’t think you can go wrong with the Explorer. It’s a superb blend of understated refinement and technical achievement. This is a tool watch that’s simple, but where every aspect of it has been pushed to be the best it can be. 

You can wear it in practically any situation and it’ll keep great time. So, I guess you could say I’m something of a Rolex convert, and I’ll admit I wouldn’t mind adding an Explorer to my collection. 

You can read more about the Explorer 124270 on the Rolex website here.

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