The Rolex Datejust, a cornerstone of the brand's enduring legacy, has seen countless iterations throughout its history. Among its vintage offerings, the reference 1505 holds a special place, captivating collectors with its understated elegance and robust build. Understanding its price, however, requires navigating the complexities of the vintage watch market, where condition, provenance, and market demand heavily influence value. This article will delve into the intricacies of the Rolex 1505 price, exploring its last known retail price, current pre-owned market value, and the factors contributing to its fluctuating cost. We'll also touch upon related models, comparing and contrasting them to provide a comprehensive understanding of the Rolex Datejust landscape, specifically focusing on the 1505 and its close relatives, such as the 15053 and 15223.
The Rolex Date 1505: A Timeless Classic
The Rolex Oyster Perpetual Date 1505 represents a significant chapter in the Datejust's history. Produced during a period known for its robust construction and classic design, the 1505 embodies the essence of understated luxury. Its 36mm case, a size considered perfectly proportioned by many, houses a reliable and accurate movement. While specific details vary depending on the year of production, the 1505 generally features a smooth bezel, a hallmark of its era. The dial, often featuring simple baton markers or Roman numerals, adds to its timeless appeal. This simplicity, however, belies the watch's sophisticated engineering and enduring quality, characteristics that contribute significantly to its current value.
Last Known Retail Price and Current Market Value
The last known retail price of the Rolex Date 1505 was $1,900. This figure, however, reflects a price from a significantly earlier era, and doesn't account for inflation or the dramatic rise in the value of vintage Rolexes. Today, the pre-owned market tells a different story. The Rolex 1505 currently trades for approximately $3,163. This represents a significant premium over its original retail price, highlighting the watch's increasing desirability among collectors. It's crucial to understand that this figure is an average, and the actual price paid can vary considerably depending on several factors discussed below.
The Premium of the Secondary Market
Buying a pre-owned Rolex 1505 from a secondary market dealer, such as an authorized dealer specializing in pre-owned luxury watches or a reputable online platform, will typically result in a higher price. Expect to pay approximately 31% more than the average pre-owned market price. This surcharge accounts for the dealer's overhead, authentication process, warranty (if offered), and the convenience of purchasing from a trusted source. While this added cost may seem substantial, it offers peace of mind and reduces the risk of purchasing a counterfeit or damaged watch. For buyers prioritizing authenticity and security, this added expense is often considered worthwhile.
Factors Influencing the Price of a Rolex 1505
Several factors interact to determine the precise price of a specific Rolex 1505:
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