Depreciation of Rolex Watches

[ACURATL]

Hi Everyone,

There are many reasons to purchase a Rolex. One of them being that the watch holds its value over time and can be liquidated in the event of a cash shortfall. But my question to all of you is how much of the value of the watch is lost the moment you stepped out the AD and is there a "price floor" or a value that the watch can't fall below? I understand that some models do in fact appreciate in value due to its limited supply etc.

I have my sights set on a 34mm oyster date for $5700 at an AD in Toronto, Canada and was wondering what the price difference would be for a second hand piece.

If I were to purchase this watch and sell it the next day for whatever reason, how much of its original value would I be able to get back.

Thanks for your opinions in advance.

TL