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It is a given that you could sell your Rolex watch for greater money today if you had purchased it two years ago for any price. Thousands of dollars more, not a bit more.

It's not just Rolex, either. Over the past two years, the value of almost all luxury products has increased dramatically. On the other hand, watches in particular appear to be on the rise.
Historically, watches have been known to hold their value for a variety of reasons. However, they are currently evolving into something quite else.

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Patek Philippe dominated owned media social actions, although Rolex received 1.6 million views on its channel, far more than the other two (Blancpain at 109,000 and Patek Philippe at 72,000. According to this survey, social acts include like, commenting, sharing, and tweeting on Facebook, Twitter, and YouTube.

The highest percentage of social activities per YouTube view was 6.4% for Patek Philippe, 3.9% for Blancpain, and 3.8% for Rolex. Compared to the other four brands, they were noticeably more expensive.

Watches are becoming less like timepieces and more like valuables.
But the reason for the low demand for watches from brands like Rolex isn't that they're marooned on a ship in the middle of the sea. They intentionally limit stock.
Rolex and other luxury watch makers rely heavily on marketing to stay afloat. A product is the finest advertisement you can have.

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In keeping with horology fashion trends, Patek Philippe has redesigned the case to accommodate a simpler three-piece system with display back, allowing visitors to observe the movement in action. Additionally, a leather wristband was offered in place of the integrated bracelet that Genta had created.

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Originally, the Patek Philippe 315 SC full-rotor automatic caliber was used to the Nautilus 5711. However, after that year, the new 324 SC, which had a greater 28,800 beat rate, swiftly supplanted this movement. The new Cal. 26-330, which has a revised wheel design to provide a smoother glide of the central second hand, replaced the 324 SC in 2019.

The phenomena of the speculative bubble development had been aided by the market's growing fondness for this famous model, which the business produced in such little quantities (the latest waiting list blues, which went viral online, bemoaned a twelve-year wait). It has blown out of proportion to the point that the watch has achieved prices on the secondary market that are solely based on its rarity and fan desire rather than its precise technical merit.

According to quotes, the statement from last year just served to fuel the flames, and we have no doubt that it will do so once more. A blue 5711 in steel now starts at about $180,000, while a red gold 5711 may cost as much as $350,000, if you're lucky, but frequently almost half a million dollars. Additionally, the prices of other comparable Patek models will undoubtedly rise as a result of this most recent occurrence, contributing to the demand-supply price virtuosity.