That Rolex on Your Wrist Isn’t Worth as Much as You Think. By. Amina Niasse. A Rolex Yacht Master II at a London watch show in 2022. Secondhand watch prices have fallen from recent highs.

In March, the price of a second-hand Rolex Daytona watch peaked at US$48,500. It’s come a little closer to Earth since, and is now around US$30,000 on the secondary market, according to WatchCharts.

Rolex watches, which aren’t known for their affordability, are getting even more expensive this year with the soaring price of gold to blame.. Prices on some of the Swiss company’s gold ...