I’m a big fan of exquisite watches, and the Rolex Submarine has always had that timeless, never-out-of-style vibe. The 2003 edition really has a unique position in my book. But, y’know, I’m curious about how much that Submariner 2003 goes for. We’re going to examine which causes this watch distinctive and what affects its price.
1. Historical Significance
The 2003 Submariner is a big deal for Rolex history. It was the first one to get that fashionable Oystersteel housing, which was a significant change for them.
The new case and the regular Submariner design have made it very popular among watch collectors. As some people say at the watch brand, its background has contributed to its value increase by 20% in value over the past decade.
2. Condition and Originality
The quality of the 2003 Submariner as well as its appearance and age are important for its cost. A fully functioning watch and has not been modified significantly will be more expensive than another that has been repaired or appears worn.
People from WatchTime conducted a research and discovered that an excellent watch can sell for nearly double the price as a decent one. They came across a collector who sold his exceptional 2003 Submariner for twenty thousand dollars, considerably above average price.
3. Market Demand
The popularity of this 2003 Submariner is very high, mainly because of the brand has never been more popular, and older models such as this are extremely fashionable.
Rolex News says the interest in pre-owned Rolex watches is up 30% in the recent five years. That’s made the prices jump and made the market really hot for watch enthusiasts.
4. Brand Reputation
Everyone loves Rolex for making durable watches. The Submariner is famous for being extremely robust. That’s why this 2003 version is so valuable—people are willing to pay over $15k for one in top shape.
5. Investment Potential
For a lot of watch enthusiasts, the 2003 Submariner isn’t just a watch; it’s a smart investment opportunity. As Rolex gets more valuable, having one of these old models can be a smart move financially.
The watch valuation service says that old Rolex watches have gone appreciation by 10% each year over the past 20 years. That’s why the 2003 Submariner is a good choice for folks who want to dive into the world of watch collecting.