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re: OT Watch Gurus, would you pay $1200 for this Rolex? Update in OP

Posted on 2/28/16 at 8:08 pm to
Posted by Dandy Lion
Member since Feb 2010
50390 posts
Posted on 2/28/16 at 8:08 pm to
It´s a stainless watch, where are people getting the potential scrap value of gold?
Posted by highcotton2
Alabama
Member since Feb 2010
9658 posts
Posted on 2/28/16 at 8:16 pm to
quote:

It´s a stainless watch, where are people getting the potential scrap value of gold?



I missed that too earlier. But another poster was talking about his father's watch. It was a sidetrack.
Posted by Barf
EBR
Member since Feb 2015
3727 posts
Posted on 2/28/16 at 8:45 pm to
quote:

Also look between the lugs and post the first couple of numbers from the serial


I just found the listing. 146xxxx according the listing which is weird because wouldn't that pre date the cases with rounded crown guards?

From the auction website

quote:

40mm case with replaced lightly faded screen printed metal bezel insert and rounded crown guards. Printed between lugs at top is "Registered Design 1675" and at bottom "Serial Number 146XXXX." A few light pin point indentations consistent with moderate daily use. Has a gloss, "Swiss" only, chapter ring dial with luminescence on hour markers each having vintage touch ups. Dial reads "Rolex/Oyster-Perpetual/GMT-Master/Superlative Chronometer/Officially Certified." Skeleton hands are silver and GMT hand has small arrow that is missing it's lume and has a tiny spec of missing red paint. Movement is a Cal. 1560, rhodium plated, 26 jewel lever escarpment with monometallic balance adjusted to five positions and temperatures. It is not currently running but the rotor does move freely. Crystal appears to be original or replaced very early on with proper cyclops date magnification. Case, dial, and movement are signed and overall the piece displays Fine/VF. A scarce example of an early tool watch by Switzerland's most recognizable brand. See additional detailed photos online.
This post was edited on 2/28/16 at 8:52 pm
Posted by barry
Location, Location, Location
Member since Aug 2006
50461 posts
Posted on 2/28/16 at 8:59 pm to
Be very skeptical, the vintage Rolex market is loaded with fakes. Reputable auction house or not.
Posted by Barf
EBR
Member since Feb 2015
3727 posts
Posted on 2/28/16 at 9:06 pm to
This one is definitely not original but that doesn't necessarily mean it's a good deal.
Posted by highcotton2
Alabama
Member since Feb 2010
9658 posts
Posted on 2/28/16 at 9:07 pm to
Yea, I would stay away from that.
Posted by Barf
EBR
Member since Feb 2015
3727 posts
Posted on 2/28/16 at 10:33 pm to


Posted by highcotton2
Alabama
Member since Feb 2010
9658 posts
Posted on 2/28/16 at 10:47 pm to
After having better pictures I can answer your original question. Yes it will sell for more than $1200. I say $5600. Keep us posted.
This post was edited on 2/28/16 at 10:59 pm
Posted by CharlieDay
Louisiana
Member since Jan 2016
422 posts
Posted on 2/28/16 at 11:47 pm to
quote:

Yes it will sell for more than $1200. I say $5600. Keep us posted.


There is no possible way that Rolex in the pictures above will sell for $5600.
Posted by Barf
EBR
Member since Feb 2015
3727 posts
Posted on 2/29/16 at 7:51 am to
quote:


There is no possible way that Rolex in the pictures above will sell for $5600


I think you will be surprised.
Posted by Lokistale
Member since Aug 2013
1216 posts
Posted on 2/29/16 at 8:41 am to
Depends... Are you buying to wear or to collect?

If buying to wear... No... You will spend at least to price of the watch to repair the watch.

If you are collecting as a possible investment... maybe... A vintage functional Rolex can fetch a high price, but a repaired Rolex's price may vary depending on the certification of the repair center.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
122591 posts
Posted on 2/29/16 at 8:45 am to
I wouldn't pay $1200 for any watch. It's a watch.
Posted by Gaston
Dirty Coast
Member since Aug 2008
39852 posts
Posted on 2/29/16 at 9:03 am to
This is a modern $1200 watch. I think it's worth it.

This post was edited on 2/29/16 at 9:05 am
Posted by Barf
EBR
Member since Feb 2015
3727 posts
Posted on 2/29/16 at 9:07 am to
quote:


I wouldn't pay $1200 for any watch. It's a watch.


So do you drive a Nissan Versa? It's just a car, right?
Posted by YouAre8Up
in a house
Member since Mar 2011
12792 posts
Posted on 2/29/16 at 9:32 am to
You might want to ask yourself how much it would cost to get it running again.
Posted by Kracka
Lafayette, Louisiana
Member since Aug 2004
41072 posts
Posted on 2/29/16 at 10:01 am to
I would never pay anything like that for a watch. I would have a hard time paying the cost of a smart watch. But I could convince myself because of the many functions the watch provides.
Posted by VetteGuy
Member since Feb 2008
30134 posts
Posted on 2/29/16 at 10:08 am to
What am I missing?

I am seeing Pepsi's, on a bracelet, running and in excellent cosmetic condition, for $5500-$6500.

ETA: add a link ( Watch joke, get it? I kill me.)

A Pepsi for $5995
This post was edited on 2/29/16 at 10:15 am
Posted by Clames
Member since Oct 2010
17125 posts
Posted on 2/29/16 at 10:08 am to
You have no idea what people will pay, especially vintage watch collectors. If I had the time and that was a design I liked more I could easily pick that up for $1200.
Posted by Barf
EBR
Member since Feb 2015
3727 posts
Posted on 2/29/16 at 10:47 am to
quote:

What am I missing?


It appears to be a very early GMT. It's sort of a rare bird. There is quite literally zero chance of that auction ending anywhere close to $1,200.

Not overly familiar with GMT's so I can't really point out specifics, hopefully someone with more knowledge can point out what makes this watch valuable.
Posted by VetteGuy
Member since Feb 2008
30134 posts
Posted on 2/29/16 at 11:00 am to
quote:

It appears to be a very early GMT. It's sort of a rare bird.



Makes sense.

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