A Rolex originally purchased for just $90 (£70) in the early 1960s has sold for a quarter mil at auction.Oct 26, 2020
How much did a Rolex cost in 1965?
The Rolex Oyster Perpetual sold for all of $125 in 1965, or at least, that's what my grandfather paid for it. That's about $750 in today's dollars. A new comparable model (another Oyster Perpetual or a Rolex Air-King) would sell for about $3,000 today.Mar 14, 2005
When did Rolex become expensive?
It's a difficult question to answer since reputation and brand is not something that you build overnight, but rather is the result of consistent and repeated actions. But in the 1960s- 1980s was when Rolex seriously started going the luxury route. Two things have contributed to making Rolex a luxury brand.Nov 25, 2021
How much was a Rolex Submariner in 1970?
Year Price Price w/ Inflation
----------- ------ ------------------
Early 1950s $150 $1,248
Early 1970s $230 $1,422
1980 $950 $2,887
1988 $1,450 $2,928
How much did a Rolex cost in 1966?
Lyndon Johnson became the first U.S. president to wear the Day-Date. In 1966 Rolex advertised the watch--which cost $1,000 at the time (roughly $7,400 today)--emphasizing its connection to the Oval Office.Oct 4, 2016
How much was the first Rolex?
In red we marked how the original 1957 price of $150 would have changed had it followed monetary inflation only. The math is simple behind this one. If we adjust the original $150 price from 1957 with inflation to 2014 US Dollars, we end up with a price of $1,265 while the watch actually costs $7,500 today.Jul 20, 2014
How much did a Rolex Submariner cost in 1960?
A Rolex originally purchased for just $90 (£70) in the early 1960s has sold for a quarter mil at auction. The Submariner 5512, which experts consider to be the Holy Grail of vintage watches, was snapped up by a Hong Kong-based collector during Gardiner Houlgate's October sale.Oct 26, 2020
How much was the first Rolex Submariner?
The reference 6204 was the very first Rolex Submariner. The price history of the Rolex Submariner starts with its release in the 1950s when you could pick one up for a cool $150. Even when taking inflation into account, that works out to only around $1,434 – still quite 'cheap' for a luxury timepiece in today's market.Jan 8, 2020
How much does the Rolex Submariner cost?
Rolex Submariners are available in stainless steel, two tone, and precious metals. The price of a Submariner ranges from $8,950 to $37,950. The most popular Rolex Submariner references are 124060 & 126610LN which have an MSRP of $8,950 and $10,100.
Not only does Rolex manufacture much of its materials in-house, but they also use many expensive materials for their watches. This of course naturally increases the price. For many watches, Rolex uses things like 18K gold, diamonds, mother of pearl, and other expensive materials.Nov 25, 2021