The Rolex Datejust 31, reference 178240, represents a classic and enduring piece in the prestigious Rolex collection. This elegant timepiece, designed for women, seamlessly blends timeless style with exceptional horological craftsmanship. This article will explore the Rolex 178240 in detail, examining its retail and market price, model specifications, historical trends, and related models, including comparisons to the 178274. We will also touch upon variations like the "flower dial" and explore the broader landscape of the Rolex Datejust market.
Retail and Market Price:
Determining the exact retail price of a pre-owned Rolex 178240 is challenging due to variations in condition, box and papers, and the ever-fluctuating secondary market. However, understanding the factors affecting price is crucial. When new, the 178240 commanded a significant price, reflecting its prestige and quality. Today, finding a brand new, unworn example is extremely rare, if not impossible.
The pre-owned market is where most buyers find this model. Prices here fluctuate based on several factors:
* Condition: A watch in pristine condition, with minimal wear and tear, will command a higher price than one showing significant signs of use. The presence of original box and papers (certificate of authenticity) also significantly impacts value.
* Dial Variations: While the 178240 is known for its classic simplicity, subtle dial variations can influence price. Those with unique features, such as specific indices or dial colors, might be more sought after by collectors. The "flower dial" variations, for instance, often command premium prices due to their rarity and aesthetic appeal.
* Market Demand: Like any luxury good, the demand for the Rolex 178240 influences its price. Periods of high demand, often driven by trends or celebrity endorsements, can push prices upwards. Conversely, periods of lower demand might see prices slightly decrease.
* Retailer: The retailer selling the watch plays a role. Authorized Rolex dealers will typically command higher prices than independent sellers or online marketplaces, although the assurance of authenticity is often greater with authorized dealers.
Generally, expect to pay a significant premium over the original retail price for a pre-owned Rolex 178240 in good condition. Researching recent sales on reputable online platforms and consulting with experienced watch dealers is crucial for determining a fair market price. Be wary of exceptionally low prices, as they may indicate a counterfeit or a watch with undisclosed issues.
Model Specifications and Historical Trends:
The Rolex 178240 is a Ladies' Datejust 31, meaning it features a 31mm Oyster case, a size perfectly suited for a woman's wrist. Key specifications include:
* Case: 31mm Oyster case, crafted from stainless steel, known for its robustness and water resistance.
* Movement: Caliber 2135, an automatic self-winding movement, renowned for its precision and reliability. This movement is a workhorse of the Rolex lineup, known for its longevity and accuracy.
* Crystal: Scratch-resistant sapphire crystal, protecting the dial from damage.
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