The Rolex reference number 62523h18 P11 represents a specific configuration within the Oyster Perpetual Datejust line, and pinning down a precise price requires careful consideration of several factors. While a price of $4,999.00 might be quoted in certain instances, this is likely a starting point and not necessarily reflective of the true market value. Understanding the nuances of this particular model and the broader Rolex market is crucial for accurate valuation. This article will explore the various aspects influencing the price of a Rolex 62523h18 P11, examining its features, market trends, and the importance of condition and provenance.
Deciphering the Reference Number: 62523h18 P11
The reference number itself provides valuable clues. "62523" denotes a specific Datejust model, indicating its case size, movement, and general design characteristics. The "h18" likely refers to the specific dial configuration – the "h" suggests a specific material or finish, and "18" might relate to the dial's color or index style. Finally, the "P11" likely designates the bracelet type and possibly the clasp. This level of detail is crucial for accurate pricing, as minor variations in dial, bracelet, and clasp can significantly impact value.
Rolex 62523h18 Value Guide: Factors Affecting Price
Several key factors influence the value of a Rolex 62523h18 P11, and understanding these is essential for anyone looking to buy or sell.
* Condition: The condition of the watch is paramount. A pristine, unworn example with its original box and papers will command a significantly higher price than a watch showing signs of wear and tear. Scratches, dents, discoloration, and any issues with the movement will all negatively impact value. Professional servicing records can, however, positively influence the price, demonstrating a history of proper maintenance.
* Box and Papers: The presence of the original box and papers (warranty card, booklets, etc.) substantially increases a watch's value. These documents provide provenance and authenticity, giving buyers greater confidence in the watch's legitimacy. The absence of these accessories can significantly reduce the price.
* Market Demand: The popularity of specific Rolex models fluctuates over time. Certain dial colors, bracelet types, and overall aesthetic features become more desirable than others, influencing market demand and, consequently, price. The P11 bracelet, for example, might be particularly sought-after, driving up the value.
* Authenticity: The importance of authenticity cannot be overstated. The counterfeit Rolex market is substantial, and purchasing a fake watch can result in significant financial loss. It is crucial to buy from reputable dealers or auction houses that can guarantee authenticity. Independent watchmakers or Rolex authorized service centers can perform authentication checks.
* Year of Manufacture: The age of the watch also plays a role. Vintage Rolex watches, particularly those in excellent condition, often appreciate in value over time, becoming collector's items. Knowing the year of manufacture helps determine its place within the historical context of the model.
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