The Rolex Oyster Perpetual Date, reference 1501, represents a significant chapter in Rolex's history. This model, produced from the mid-1950s to the early 1960s, embodies the brand's commitment to robust construction, precise timekeeping, and enduring style. While a specific price point of $4,030.00 might be quoted for a particular example, the actual value of a Rolex Date 1501 fluctuates widely based on a multitude of factors. This article will delve deep into the complexities of pricing this vintage timepiece, exploring the elements influencing its value and providing a comprehensive understanding of the market for the Rolex Oyster Perpetual Date 1501.
Understanding the Rolex Oyster Perpetual Date 1501
Before delving into the pricing intricacies, it's crucial to understand the watch itself. The Rolex 1501 represents a transition period in Rolex's design language. It features the classic Oyster case, known for its water resistance and durability. The "Oyster" moniker refers to the hermetically sealed case, protecting the movement from the elements. The "Perpetual" indicates the self-winding mechanism, eliminating the need for manual winding. Finally, the "Date" signifies the complication displaying the date via a window at the 3 o'clock position.
The 1501's aesthetic is understated elegance. Its simple dial, typically featuring baton or dauphine hour markers, exudes a timeless charm. The movement, usually a caliber 1030, is renowned for its reliability and accuracy. These watches were initially offered on various bracelet options, including the riveted Oyster bracelet, a characteristic feature of earlier Rolex models.
Factors Influencing the Price of a Rolex Date 1501
The $4,030.00 price point mentioned earlier is merely a starting point and should be considered a potential benchmark rather than a definitive value. Numerous factors can significantly influence the price of a vintage Rolex 1501, including:
* Condition: This is arguably the most significant determinant of price. A watch in pristine, unpolished condition with its original bracelet and box will command a significantly higher price than one showing signs of wear, scratches, or previous repairs. The presence of original accessories like the box and papers dramatically increases value. Professional servicing history also boosts desirability.
* Dial and Hands: The original dial and hands are crucial. Re-dialed or refinished watches suffer a considerable depreciation in value. The condition of the lume (luminescent material) on the hands and markers also plays a role. Original, aged lume often adds to the watch's charm and collectible appeal. Variations in dial color and markings can also affect price. Some rare dial variations, like those with specific fonts or color schemes, are highly sought after by collectors.
* Case and Bracelet: The condition of the case and bracelet is equally important. Deep scratches, dents, or significant wear will negatively impact the price. The presence of the original, unpolished bracelet is a major plus. The type of bracelet (e.g., riveted Oyster) also impacts value, with some bracelets being more desirable than others.
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