The average value of a used Rolex watch ranges from several hundred dollars to tens of thousands of dollars, depending on the model of the watch. As of 2015, most used Rolex models are worth between about $3,000 and $8,000.
Some factors that can affect the final sale price of individual Rolex watches include the piece's condition and the current market for the watch. Mint condition watches have the potential to sell for several thousand dollars more than those with scratches or dents on them. Additionally, if the used Rolex market has recently seen an influx of a particular model of watch, that watch probably sells for less.