Rolex: A Brief History of the Early Years

As a Rolex fanatic, you might be interested to know more about the compelling history behind the iconic brand that conquered the world with its innovations. Here at Golden Cash, we have been dealing with Rolex watches for many years. And, we are indeed fascinated by the revolutionary achievements that Rolex has made over the years. While the brand is at the origin of real innovations in the watchmaking, it still rules supreme today.

Have you ever wondered why Rolex watches retain a high resale value with time? Or, Why Rolex is considered as the ‘King of Watches?’ Read on to find out the story behind its name, Rolex’s most significant achievements in its early years and aspects that enable Rolex owners to ‘sell Rolex’ or ‘sell my Rolex’ in a hard-up situation with full confidence.

Founder of Rolex

In 1905, the aspiring German-born Swiss jeweller Hans Wilsdorf at the age of 24 established a company in London that specialised in the distribution of timepieces. At the time when wristwatches were actually not accurate and pretty fashionable, Wilsdorf envisioned to create a watch that was elegant and more significantly, reliable.

Beginning – A Simple Mission

The new fashionable wristwatches used in the Boer War caught the attention of Hans Wilsdorf. The practicality of these watches in enabling a man to use both hands while checking the time at the same time indeed fascinated Wilsdorf. At the time, pocket watches were used by most individuals and Wilsdorf perceived that wristwatches were the way of future. Thus, he founded Rolex in 1905 with a simple mission of making high-quality wristwatches.

However, while some considered wristwatches to be a fad, many gentlemen perceived them as downright feminine. Nevertheless, Hans Wilsdorf and his new company did not care. He acutely believed that wristwatches are the future of the watch industry and his company Rolex would specialise in it. Moreover, Hans Wilsdorf wanted not only to manufacture wristwatches of superior quality but also to make the best timepieces in the industry.

The First Priority – Accuracy

Hans Wilsdorf knew that the Rolex wristwatches had to be accurate as much as the pocket watches of the day. However, in that pre-computer era, miniaturisation of watch movements was yet an art more than science. The process required substantial trial and error along with handwork for achieving good accuracy from smaller watch movements.

While Wilsdorf’s priority was accuracy, it turned out to be an obsession soon. The brand started to win rewards for accuracy, and soon, it took the attention of the public.

Water Resistance & Durability

Rolex continued to improve the standards of its wristwatches, and in 1926, the brand developed the first waterproof wristwatch of the world. Wilsdorf perceived that to make his watches the best in terms of durability; he has to make them waterproof. A wristwatch was exposed to rain, sweat and moisture more than a typical pocket watch.

In 1926, the world’s first water resistance wristwatch was created and it signified a significant change in the watch market. The timepiece was named ‘Oyster’ respectively, symbolising the tough protective case in which the fragile movements are housed. The Rolex Oyster in 1927 accompanied Mercedes Gleitz while crossing the cold English Channel.

The Perpetual Movement

In 1931, Rolex introduced the first self-winding mechanism of the world, the Rolex Oyster Perpetual Movement. Besides the convenience, a self-winding watch bestows on a significant advantage, making the timepiece less prone to wear and more water resistance. The first self-winding Oyster Perpetual waterproof watch was in a class for many years by itself. However, this innovative mechanism is the heart of every modern automatic timepiece today.

What Makes Rolex Watches Hold their Value?

The profound reputation of Rolex has held constant over the years because of its zest to continuously innovate. While Hans Wilsdorf focused on the movements’ precision in the beginning, the avidity for chronometric accuracy soon achieved success. The world’s first ever wristwatch to acquire the Swiss Certificate of Chronometric Precision offered by the Official Watch Rating Centre in 1910 was a Rolex watch.

After four years, the brand received more recognition with the certificate from the Kew Observatory in Richmond, Great Britain. This esteemed watch testing laboratory accorded a Rolex timepiece the prestigious Kew class ‘A’ precision certificate.

Rolex is indeed one of the most successful and biggest Swiss watchmakers. And, Rolex watches were assuredly among the most elegant watches available at any price when Hans Wilsdorf passed away in 1960. Unlike other watches, Rolex watches tend to hold a higher resale value with time. Thus, if you are looking to ‘sell Rolex Romford’ or sell Rolex watches anywhere within the Essex, get in touch with the trustworthy pawnbrokers Essex like at Golden Cash and sell your watch with full confidence, obtaining the best possible price in the market.

What is The Most Expensive Rolex Watch Ever Sold?

The Paul Newman Rolex Daytona is the most expensive Rolex watch ever sold in October 2017. The renowned actor, director, activist and racecar driver, Paul Newman owned this iconic timepiece. The price of this watch climbed at auction and finally, sold for about £13, 570,000. Now, for those who are wondering what made the Paul Newman Daytona the costliest Rolex watch to be ever sold, continue reading below as we will today have a close look at this watch’s history.

The Most Expensive Rolex Ever Sold

The 1968 Paul Newman Rolex Daytona Ref. 6239 sold for nearly £13 million pounds, making it the most expensive watch to be ever sold in the history of Rolex. However, the Bao Dai was earlier the costliest Rolex that sold for nearly £3, 800, 00.

The Paul Newman Rolex Daytona is known to feature an ‘exotic’ dial. Moreover, just 2,000 to 3,000 of these watch models were manufactured. The ‘exotic’ off-white dial comes with a black inner ring, a ‘seconds’ track in red, three black sub-dials and Art Deco numerals. The renowned actor was seen wearing this watch frequently on movie sets or while racing and thus, the watch was named as ‘Paul Newman’ in the 1980s.

A Brief History of the Paul Newman’s Rolex Daytona

Paul Newman’s wife (popular actress Joanne Woodward) presented Newman the Rolex Daytona that she purchased in a Tiffany & Co. shop. Joanne Woodward had ‘Drive Carefully Me’ engraved in the timepiece’s case back. It served as a reminder to her husband, Paul Newman who had a vigorous passion for driving race cars.

When the Swiss-based manufacturer, Rolex launched its Daytona line of chronographs, people had a lesser interest in them. While Paul Newman was frequently seen flaunting the Daytona, the watches became highly sought-after, particularly the one with an ‘exotic’ dial.

However, the watch was passed onto James Cox in 1984 who was Paul Newman’s daughter’s boyfriend. Later in 2017, Nell Newman (daughter of Paul Newman) and James Cox decided to put the iconic watch up for auction. They planned to invest a part of the timepiece’s profit on Paul Newman’s charities.

The bidding for this highly desirable Rolex watch started at nearly £764,700. While the bidding rose rapidly, it reached a record-breaking offer to about £13,570,000 after twelve minutes. Consequently, the Paul Newman Rolex Daytona became the most expensive Rolex watch ever sold.

So, who owns this Most Expensive Rolex Daytona Ever Sold?

You may be now wondering who owns this most expensive Rolex timepiece. However, the fact is that the owner of the iconic Rolex Daytona watch remains a mystery. The person was known only to be an anonymous phone bidder at the time of auction.

Want to sell your luxury watch?

Here at Golden Cash, we provide our customers with the most convenient and straightforward way to sell watches or ‘sell my watch’ in Romford. Customers residing in Romford or anywhere within the Essex can walk into our shop at The Liberty Shopping Centre in Romford straight any time during our opening hours. We will examine every aspect of your watch including its age, condition, model and others right away and determine the final price that we are willing to lend for your timepiece.

You will get your final price offer on the spot. Accept it, and we will pay you in cash immediately. Thus, bring your luxury watch you are interested in selling to Golden Cash and receive your offer with no obligation.

How To Sell My Rolex Watch in Romford?

sell rolex blog

Since its first introduction in 1905, Rolex has been a leader in the luxury watch industry. The brand has worldwide recognition for manufacturing high-end watches that are considered to be the ultimate symbol of luxury and class for many watch enthusiasts. While the watches indeed retain their value over the time, you can decide to ‘sell my Rolex watch’ in a hard-up situation for raising instant cash.

If you are considering selling your Rolex watch for the first time, you may wonder:

‘How can I sell my Rolex watch for cash?’ or ‘What is the best way to sell Rolex watches in Romford?’

Whether you sell your Rolex watch in Romford or anywhere in Essex, it is always essential that you work with a trustworthy Rolex watch buyer like at Golden Cash to ensure that the process is quick, secure and straightforward. Here’s a simple guide to selling Rolex timepieces in Romford to help you sell your luxury watch with confidence and peace of mind:

  • Assemble all the details about your Rolex

When you decide to ‘sell my Rolex watch in Romford’, the first and foremost thing you will have to do is assemble all the necessary details about your watch. Factors like the model, age, condition, original box and papers and many others play a significant role in determining the overall value of a Rolex watch.

While the age of your Rolex watch may influence its value, the condition will play a vital role in determining the final price that we at Golden Cash are willing to offer for your timepiece. If your Rolex watch is regularly serviced and in good working condition, it will certainly fetch you a higher price.

Although you can sell your Rolex watch without its original box and papers to expert watch buyers at Golden Cash, the box and papers that came with your watch when you purchased will illustrate its authenticity and eventually, increase its value.

  • Choose a trustworthy Rolex buyer in Romford

For those who are looking to ‘sell Rolex’, or ‘sell Rolex watches’ in Romford, it is prime-requisite that you choose a leading and trustworthy Rolex buyer to make the process of selling smooth. At Golden Cash, we have a team of watch experts always on hand to carry out a professional valuation right away.

With the necessary experience and in-depth knowledge of the second hand luxury watch market, we can provide you with a fair and competitive value for your Rolex. Selling your Rolex watch can a frustrating and virtually difficult process, especially if you have some special memories attached to it.

While we, at Golden Cash value our customers’ emotions, we always work to make the process of selling simpler, straightforward and hassle-free. We apprehend the monetary significance of a luxury watch like Rolex and thus, can determine the actual value of your Rolex watch in less than no time.

  • Simply Walk-in

At Golden Cash, we provide our customers with the most convenient way to sell Rolex watches in Romford. Whether you live in Romford or anywhere within the Essex, just walk into our shop at The Liberty Shopping Centre in Romford with the Rolex watch you are interested in selling to Golden Cash.

You can call us on 01708 751518 to speak to one of our watch experts, but you do not have to arrange an appointment to visit our shop. Walk into our Romford shop any time during our opening hours with your Rolex watch and one of our expert evaluators will evaluate every aspect of your asset precisely.

Experts, at Golden Cash, will take into consideration the condition, age, associated paperwork (if any) and other aspects that may add value and eventually, determine the final credit amount we are willing to lend for your watch. You will receive your final price offer on the spot. If you accept our offer, we will pay you in cash immediately.

The process is simple, quick and straightforward. Thus, bring the Rolex watch that you want to sell at our Romford shop today and receive your offer on the spot without any obligation and hassle.